{"MatterTextId":27403,"MatterTextGuid":"B8791B34-49DC-48ED-8BEF-8FBC24665455","MatterTextLastModifiedUtc":"2023-09-01T23:18:39.55","MatterTextRowVersion":"AAAAAAN/QDU=","MatterTextMatterId":27301,"MatterTextVersion":"1","MatterTextPlain":"..Title\nRequest to Enter into a Development Agreement with QTS Phoenix II, LLC (Ordinance S-50411)\n\n..Description\nRequest authorization for the City Manager, or his designee, to enter into a development agreement with QTS Phoenix II, LLC for public open space to satisfy requirements in a Planned Unit Development at 40th Street and McDowell Road.\n \n..Report\nSummary\nQTS Phoenix II, LLC is the owner of real property consisting of approximately 97.85 acres located at the southwest corner of 40th Street and McDowell Road. On Dec. 7, 2017, the Phoenix City Council approved Rezoning Case No. Z-62-17-8 (via Ordinance No G-6396), which rezoned the site to Planned Unit Development (PUD) (the “McDowell Road Data Center PUD”), to accommodate owner’s proposed development of the site with a multi-building data center campus known as the “McDowell Road Data Center.” As part of the development of the McDowell Road Data Center, and to satisfy the “open space area” requirements in the McDowell Road Data Center PUD, the owner will develop a portion of the southwest corner of the site with a publicly accessible park-like outdoor space. Additionally, for the duration of the agreement, the owner will be responsible to maintain, repair and make necessary replacement of park improvements located on the site so as to keep the improvements in a reasonable condition for its intended purposes in accordance with the maintenance standards of the Parks and Recreation Department. The City recognizes the public benefits that will accrue from the construction of park improvements within the approximate 2.5-acre outdoor space park site.  \n \nContract Term\nThe initial term of the agreement will be 20 years, effective on or about Dec. 18, 2023, with automatic renewals for additional 10-year periods every 10 years, unless the City chooses not to renew prior to a renewal period. \n \nFinancial Impact\nThere is no impact to the General Fund.\n \nConcurrence/Previous Council Action\nCity Council approved Rezoning Case No. Z-62-17-8 (Ordinance G-6396) on Dec. 17, 2017.\n \nLocation\n40th Street and McDowell Road\nCouncil District: 8\n\n..Department\nResponsible Department\nThis item is submitted by Deputy City Manager Inger Erickson and the Parks and Recreation Department.","MatterTextRtf":"{\\rtf1\\ansi\\ansicpg1252\\deff0\\deflang1033{\\fonttbl{\\f0\\fnil\\fcharset0 Arial;}}\n{\\colortbl ;\\red0\\green112\\blue192;\\red0\\green0\\blue0;}\n\\viewkind4\\uc1\\pard\\cf1\\fs28 ..Title\\par\n\\cf2\\b Request to Enter into a Development Agreement with QTS Phoenix II, LLC (Ordinance S-50411)\\par\n\\b0\\par\n\\cf1 ..Description\\par\n\\cf2 Request authorization for the City Manager, or his designee, to enter into a development agreement with QTS Phoenix II, LLC for public open space to satisfy requirements in a Planned Unit Development at 40th Street and McDowell Road.\\par\n \\par\n\\cf1 ..Report\\par\n\\cf2\\b Summary\\par\n\\b0 QTS Phoenix II, LLC is the owner of real property consisting of approximately 97.85 acres located at the southwest corner of 40th Street and McDowell Road. On Dec. 7, 2017, the Phoenix City Council approved Rezoning Case No. Z-62-17-8 (via Ordinance No G-6396), which rezoned the site to Planned Unit Development (PUD) (the \\ldblquote McDowell Road Data Center PUD\\rdblquote ), to accommodate owner\\rquote s proposed development of the site with a multi-building data center campus known as the \\ldblquote McDowell Road Data Center.\\rdblquote  As part of the development of the McDowell Road Data Center, and to satisfy the \\ldblquote open space area\\rdblquote  requirements in the McDowell Road Data Center PUD, the owner will develop a portion of the southwest corner of the site with a publicly accessible park-like outdoor space. Additionally, for the duration of the agreement, the owner will be responsible to maintain, repair and make necessary replacement of park improvements located on the site so as to keep the improvements in a reasonable condition for its intended purposes in accordance with the maintenance standards of the Parks and Recreation Department. The City recognizes the public benefits that will accrue from the construction of park improvements within the approximate 2.5-acre outdoor space park site.  \\par\n \\par\n\\b Contract Term\\par\n\\b0 The initial term of the agreement will be 20 years, effective on or about Dec. 18, 2023, with automatic renewals for additional 10-year periods every 10 years, unless the City chooses not to renew prior to a renewal period. \\par\n \\par\n\\b Financial Impact\\par\n\\b0 There is no impact to the General Fund.\\par\n \\par\n\\b Concurrence/Previous Council Action\\par\n\\b0 City Council approved Rezoning Case No. Z-62-17-8 (Ordinance G-6396) on Dec. 17, 2017.\\par\n \\par\n\\b Location\\par\n\\b0 40th Street and McDowell Road\\par\nCouncil District: 8\\par\n\\par\n\\cf1 ..Department\\par\n\\cf2\\b Responsible Department\\par\n\\b0 This item is submitted by Deputy City Manager Inger Erickson and the Parks and Recreation Department.\\par\n}\n"}