Narrative

City of Glendale  
5850 West Glendale Avenue
Glendale, AZ 85301
APN # 501-04-009T
On behalf of Ryan Companies US, Inc. and 303 CAPITAL HOLDINGS LP we are pleased to provide you 
with this cover letter, narrative, and supporting documentation for a high-end industrial development 
(“Ergas 303” or the “Project”) on parcel # 501-04-009T. We are requesting annexation into the City of 
Glendale and a rezoning of this Project to Planned Area Development (PAD).
The Project is located mid-block along the east side N Cotton Ln, south of W Northern Ave and north of 
W Glendale Ave. The site is approximately 63.15 AC which is generally rectangular shape, including a 
number of small rectangular carve-outs at the northeast and southeast sides. The Project has 
approximately 1,246 feet of frontage along N Cotton Ln to the west, is bordered by undeveloped land to 
the north and south, and abuts AZ State Route 303 to the east.  The current use is agricultural farmland 
and the site is currently zoned IND-2 (Maricopa County).
The proposed use for the Project will be light industrial and commercial. Our proposed improvements 
allow for two smaller light industrial buildings and two larger light industrial buildings to optimize user 
demand, to draw businesses to this site, and to expand employment at this location. The proposed site 
will include buildings, elevations, parking, and landscaping as per the city’s PAD zoning ordinance. The 
Project could be developed in phases over time or all at once depending on market demand. It is our 
intent to subdivide the Project into either two or four parcels (one parcel for each half of the site or one 
for each building).
Based on other similar projects in the Loop 303 Corridor, the annexation area could generate a positive 
net fiscal impact to the City of about $130,000 per year by 2025 with revenues exceeding expenditures 
by about 40%. (Source:  Bethany 303 annexation)
Over the long term, Ergas 303 is projected to generate a positive net fiscal impact to the City of Glendale 
given the expected characteristics of this development. This site is important from an economic 
development perspective and will increase the inventory of leasable industrial spaces that the City has 
to offer and will add new jobs to the area. In terms of fiscal results, the ultimate impacts will depend on 
whether the space is leased, or owner occupied and the density of employment, however revenues 
significantly exceed expenditures based on assumptions of previous analysis in the corridor.
The annexation is consistent with the 2019 City of Glendale Annexation Policy and as such will provide 
long-term benefits. This allows the City to effectively manage urban development, allow for the efficient 
planning and provision of services, create a stronger community, and ensure high quality development 
in accordance with City standards.

As the City annexes new property into the City limits it is also obtaining a new revenue stream to further 
build and develop local public safety resources. The demand for services will typically be less compared 
to other types of land uses such as retail and residential uses.
By developing warehouse and other light industrial uses adjacent and around Luke Air Force Base, 
undesirable land uses for flight operations are being removed from development consideration and in 
turns helps keep the base in operation and support the mission of the base to continue to function as a 
critical service to the region, state and country.
As mentioned above, the area is mostly vacant farmland with no significant natural features such as 
mountains, rivers or native desert open space. The only significant historic resource that is nearby, Luke 
Air Force Base is helped by this type of light industrial development since it protects the base from 
development such as residential that is contrary to flight operations at and around the base.
Project timing will be dependent on market factors, with that being said, we anticipate groundbreaking 
in approximately six months, pending approvals. 
We have spent a significant amount of time thoughtfully drafting this request and we hope that these 
efforts are evident during your review. Please do not hesitate to contact me with any questions at 480-
620-9945.
Regards, 
Josh Tracy 
Director of Development 
Ryan Companies US, Inc.