TO: Mayor Collins and Town Council Members
FROM: Kevin Burke, Town Manager
DATE: September 24, 2015
DEPARTMENT: Town Manager
Staff Contact Kevin Burke, 480-348-3690
Andrew Miller, 480-348-3691
End
AGENDA TITLE:
Title
Consideration of First Amendment to the Amended and Restated Development Agreement with MTS Land, LLC and other Mountain Shadows Parcel Owners
Body
Agenda Item Relates to Mission/Vision:
- Enhance the community's unique character.
Strategic Initiative:
- Diligently preserve the special character of Paradise Valley by enforcing the land use policies identified in the Town's General Plan, Town Code, and SUP agreements.
RECOMMENDATION:
Recommendation
Approve the first amendment to the amended and restated development agreement with MTS Land, LLC and other Mountain Shadows parcel owners
Background
BACKGROUND
The Amended and Restated Development Agreement (D.A.) between the Town of Paradise Valley and MTS Land, LLC and MTS Golf, LLC contemplates the construction of a Condo-Hotel. This is a Resort Unit connected and integrated into the Resort Hotel consisting of rooms (a.k.a. Hotel Keys) that can be privately owned but then placed into a rental management program and rented out by the Resort Hotel. If you are a guest of the hotel, you could be placed in one of the Condo-Hotel units and not be aware that is was privately owned separate from the Resort Hotel. It would be fully integrated into the Resort Hotel with similar furnishings, fixtures and equipment as the Resort Hotel. Hotel Keys in Paradise Valley pay a bed tax upon the nightly rental. A Condo-Hotel unit placed in the Resort Rental Management Program and rented out would also pay a bed tax.
POLICY DECISION:
Upon review of the submitted site plan and operational narrative of the Condo-Hotel, it was identified that the Development Agreement terms were not sufficiently clear regarding the treatment of a Condo-Hotel Resort Unit th...
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