Resolution No. 97-26 Festival Ranch Safeway PIRA.pdf

WHEN RECORDED RETURN TO:
City of Buckeye
ATTN: Summer Stewart, Interim City Clerk
530 E. Monroe Avenue
Buckeye, Arizona 85326
RESOLUTION NO. 97-26
A RESOLUTION OF THE MAYOR AND COUNCIL OF THE CITY OF BUCKEYE,
ARIZONA, APPROVING THE PUBLIC INFRASTRUCTURE REIMBURSEMENT
AGREEMENT BETWEEN THE CITY OF BUCKEYE, AN ARIZONA MUNICIPAL
CORPORATION AND FESTIVAL MARKETPLACE, LLC, AN ARIZONA LIMITED
LIABILITY COMPANY; AND AUTHORIZING THE CITY MANAGER TO
EXECUTE AND DELIVER SAID AGREEMENT ON BEHALF OF THE CITY.
WHEREAS, the City of Buckeye, an Arizona municipal corporation (“City”) and Festival
Marketplace, LLC, an Arizona limited liability company (“Developer”), desire to enter into a
Public Infrastructure Reimbursement Agreement (“Agreement”) related to regional public
infrastructure to be constructed by Developer, which such public infrastructure will be conveyed
to the City following completion of construction.
BE IT RESOLVED by the Mayor and Council of the City of Buckeye, Arizona, as follows:
Section 1. The recital above is hereby incorporated as if fully set forth herein.
Section 2. The Agreement between the City and Developer is hereby approved in
substantially the form and substance on file with the City Clerk and which is incorporated herein
by reference.
Section 3. The Mayor, City Manager, City Attorney, and City Clerk are hereby
authorized and directed to execute any and all documents and any other necessary or desirable
instruments, and to take all steps necessary to carry out the purpose and intent of this
Resolution.
PASSED AND ADOPTED by the Mayor and Council of the City of Buckeye, Arizona, this
3rd day of November, 2026.
Eric W. Orsborn, Mayor
ATTEST:
Summer Stewart, Interim City Clerk
APPROVED AS TO FORM:
Tosca Henry, City Attorney