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RESOLUTION NO. R23-38
A RESOLUTION OF THE COUNCIL OF THE CITY OF
GLENDALE,
MARICOPA
COUNTY,
ARIZONA,
AUTHORIZING AND DIRECTING THE ENTERING INTO AN
INFRASTRUCTURE COST SHARING AGREEMENT WITH
CONTINENTAL 562 FUND LLC.
WHEREAS, Continental 562 Fund LLC (“Continental”) is constructing a multifamily
development at 10020 West Glendale Avenue; and
WHEREAS, City of Glendale is requiring Continental to provide an in-lieu payment for
roadway improvements that will be constructed by the City in the future.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF GLENDALE as follows:
SECTION 1. That it is deemed in the best interest of the City of Glendale and its citizens
that the City of Glendale enter into an Infrastructure Cost Sharing Agreement (“Agreement”) with
Continental 562 Fund LLC. The Agreement is now on file in the office of the City Clerk of the
City of Glendale.
SECTION 2. That the Mayor, City Manager and City Clerk be authorized and directed to
execute and deliver the Agreement on behalf of the City of Glendale.
PASSED, ADOPTED AND APPROVED by the Mayor and Council of the City of
Glendale, Maricopa County, Arizona, this 13th day of June, 2023.
Mayor Jerry P. Weiers
ATTEST:
Julie K. Bower, City Clerk (SEAL)
APPROVED AS TO FORM:
Michael D. Bailey, City Attorney
REVIEWED BY:
Kevin R. Phelps, City Manager