PowerPoint Presentation (Updated on 8/19/22)
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Cotton 303 Industrial Annexation AN-240 City Council Workshop, August 23, 2022 Annexation Information 2 Cotton 303 Industrial is a 64.09-acre parcel located NEC 173rd Avenue and Olive Avenue. County jurisdiction zoning: RU-43. General Plan designation: LDR-2.5. Proposal: Minor General Plan Amendment to RMU, and rezone to PAD to allow approx. 1 million sq.ft. Industrial development. 3 NEC Corner 173rd Avenue & Olive Avenue CITY HALL SITE Vicinity Map 4 SITE Annexation Map 5 Aerial Map 6 Conceptual Site Plan 7 Fiscal Impacts 8 Fiscal Impacts of the Annexation on the City of Glendale: • Inclusion of approximately 1 million sq. ft. of Industrial development. • Projected to generate a positive net fiscal impact. Fiscal Impacts 9 • One-time fees for the development are estimated at $4.2 million. • The possible net impact to the City is $240,000 per year, excluding one- time revenues. Fiscal Impacts 10 Annexation Next Step/Process 11 Council Consensus to move forward with the annexation process. As required by State Statute, a City Council public hearing is held on the “Blank Petition”. Property owner signatures may then be obtained on the “Petition”. Annexation Process (cont.) 12 • A City Council public hearing is scheduled for the adoption of the annexation. • If the annexation is approved, the site would be added into the Glendale City limits 30 days later. Cotton 303 Industrial Annexation AN-240 City Council Workshop, August 23, 2022