This is a request for City Council to approve a Final Plat of Arrowhead Valley Retirement Community, located on 81^st Avenue & Beardsley Road, and authorize the Mayor and City Clerk to sign and record the Final Plat with the Maricopa County Recorder’s Office subject to the following stipulations:

1.  All civil plans must be approved by the City of Peoria (City) prior to recordation of the Final Plat.

2.  An approval of design from the City Engineering Department for the necessary improvements in accordance with the City Subdivision Regulations, as determined by the City Engineer, must be obtained prior to recording the Final Plat.

3.  The developer must provide a financial assurance in the amount agreed upon by the City Engineer and an Agreement to Install for construction of the infrastructure improvements in accordance with the City Subdivision Regulations, prior to recordation of the Final Plat.

4.  In the event that the Final Plat is not recorded within 60 days of Council approval, the Final Plat will become void.  The developer may request re-approval from the City, with the understanding that the City has the option of imposing additional requirements or stipulations.

There have been no previous actions.

A: The Final Plat has been approved through the Development and Engineering Department.  An option would be to not accept the proposed Final Plat; although it should be noted that not approving the Final Plat will prevent the Developer from developing this land.

There is no direct budgetary impact to the City to approve the Final Plat.

The acceptance of this Final Plat by City Council will allow the developer to move forward in developing this property.