Loading...
HomeMy WebLinkAboutRES 01-04RESOLUTION NO.01-04 A RESOLUTION OF THE MAYOR AND COUNCIL OF THE CITY OF APACHE JUNCTION,ARIZONA,AUTHORIZING THE CITY OF APACHE JUNCTION TO ENTER INTO AN ECONOMIC DEVELOPMENT AGREEMENT WITH WAL-MART STORES,INC.; AUTHORIZING THE MAYOR AND STAFF TO TAKE ANY AND ALL STEPS NECESSARY TO ACCOMPLISH THE EXECUTION OF THE AGREEMENT;AND DECLARING AN EMERGENCY WHEREAS,Wal-Mart Stores,Inc.(hereinafter "Wal-Mart") has an interest in certain real property within the city limits;and WHEREAS,the City of Apache Junction,(hereinafter "City")is desirous of having Wal-Mart open a super center within its corporate limits;and WHEREAS,the parties wish to enter into an Economic Development Agreement pursuant to Arizona Revised Statutes Annotated 09-500.05 and 9-500.11 relating to the development of such property;and WHEREAS,because the community is somewhat remote and the City does not have a substantial public infrastructure and public utility system,the City has not fully benefitted from the substantial economic retail and industrial growth which the Phoenix Metropolitan area has experienced the last few years;and WHEREAS,the City has been experiencing an alarming slow down of economic commercial development, which has resulted in a decrease in transaction privilege tax revenues,among other things,and WHEREAS,the City desires to obtain public benefits which will result from the development of a 200,000 square foot -sized department store,supporting grocery,fuel,and auto parts sales areas,among others,and with other such benefits being realized,to include,but not limited to:1)creation and retention of jobs;2)stimulation of further economic development within the City;3)increase in property values along Apache Trail and other streets within the area;4)convenient accessibility to major retail uses in the community;and 5)retention and generation of substantial new transaction privilege tax revenues;and RESOLUTION NO.01-04 PAGE 1 OF 3 WHEREAS,development of the property will require the approval and construction of improvements,and expansion or enhancement of other public infrastructure,including but not limited to,extension of a portion of a regional drainage system and modernization of a portion of Apache Trail and Delaware Drive. NOW,THEREFORE,BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF APACHE JUNCTION,ARIZONA,AS FOLLOWS: Section 1.The City of Apache Junction hereby approves the Economic Development Agreement with Wal-Mart,as set forth in the Attachment. Section 2.The Mayor is hereby authorized to execute the attached Economic Development Agreement upon favorable recommendation from the City Manager and City Attorney and staff is authorized to take any and all steps deemed necessary to accomplish the purpose and intent of the Agreement. Section 3.The immediate operation of the provisions of this resolution is necessary for the immediate preservation of the public peace,health or safety,and that an emergency is hereby declared to exist since the development will create new jobs,stimulate further economic development in the community, increase property values along Apache Trail,and will generate substantial new transaction privilege tax revenues which have recently been significantly declining;and this resolution shall be in full force and effect from and after its passage,adoption and approval by the Mayor and Council of the City of Apache Junction. PASSED AND ADOPTED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF APACHE JUNCTION, ARIZONA,THIS 20TH DAY OF MARCH ,2001. SIGNED AND ATTESTED TO THIS 20TH DAY OF MARCH RESOLUTION NO.01-04 PAGE 2 OF 3 DOUGLAS C9LEMAN Mayor ,2001. ATTEST: KATHLEEN CONNELLY City Clerk APPROVED AS TO FORM: •Va?I RICHARD J.STERN City Attorney RESOLUTION NO.01-04 PAGE 3 OF 3 OFFICIAL RECORDS OF PINAL COUNTY RECORDER LAURA DEAN-LYTLE When recorded return to: Richard Joel Stern, Esq. Apache Junction City Attorney 1001 North Idaho Road Apache Junction, AZ 85219 DATE: 03/23/01 TIME: 1606 FEE :17.00 PAGES:23 FEE NO: 2001-012325 romie mmiumme lmoNle. ECONOMIC DEVELOPMENT AGREEMENT BETWEEN CITY OF APACHE JUNCTION AND WAL-MART STORES, INC. This Development Agreement is entered into as of 1t4itfthd-0,2001, by and between the CITY OF APACHE JUNCTION, an Arizona municipal corporation (hereinafter the "City"), and WAL-MART STORES, INC., a Delaware corporation (hereinafter "Wal-Mart"). WHEREAS,Wal-Mart has the contractual right to purchase approximately 23.96 acres of real property located within the limits of the City (hereinafter the "Property").The Property is depicted and more particularly described in Exhibit A attached hereto; and WHEREAS, Wal-Mart intends to develop the Property as a Wal-Mart Store and will provide related improvements (hereinafter the "Wal-Mart Store") to the property, as depicted in the site plan attached to this agreement as Exhibit B (hereinafter the "Site Plan"); and WHEREAS,Wal-Mart and the City wish to enter into this development agreement to provide for the development of the Property and to provide for the construction of improvements to Apache Trail, Delaware Drive, regional and local storm water drainage systems and landscaping improvements; and WHEREAS, the proposed development of the property is consistent with the approved zoning for the property,which is,pursuant to Apache Junction City Code, Vol. II,Land Development Code, Ch. 1, Zoning Ordinance, §16.0200,zoned General Business ("CB -2"), and is addition,ally in compliance with the City's adopted and approved general plan.On /1/0e0,./ „Ft) 2001, the City Council adopted Resolution No.0/-0), which approved and authorized the execution and delivery of this agreement; and WHEREAS,Arizona Revised Statutes Annotated (hereinafter "A.R.S.") § 9-500.05 authorizes the City to enter into a development agreement e •• with a landowner or any other person having an interest in real property located within the City to facilitate development of the property by providing for, among other things,the conditions,terms,restrictions and requirements for Public Infrastructure and the financing of Public Infrastructure; and WHEREAS, in approving this Agreement, the City Council finds that all activities relating to the development of the Wal-Mart property are economic development activities within the meaning of Arizona Revised Statutes § 9- 500.11(C), that all expenditures by the City pursuant to the Agreement constitute the appropriation and expenditure of public monies for and in connection with economic development activities and that it is appropriate to provide Wal-Mart with the benefits in this Agreement as an inducement to Wal-Mart to construct, own and operate a major retail establishment in the City; and WHEREAS, the City Council further finds that development of the Wal-Mart property will substantially increase economic development activity in the City by:1)significantly increasing sales tax revenue within the City;2) creating jobs within the City; 3) encouraging the development of property in the vicinity of the Wal-Mart Store for retail purposes; 4) redirecting the public's retail expenditures to businesses located within the corporate limits; and 5) providing for new goods and services which are currently unavailable. NOW THEREFORE,in consideration of the terms and conditions contained herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 1.Accuracy of the Recitals.The parties hereby acknowledge the accuracy of the Recitals, which are incorporated herein by this reference. 2.Term.This Agreement shall commence on the date the last party signs (the "Effective Date") and shall continue until the fifth anniversary of the date that the Wal-Mart Store first opens for business to the public (the "Termination Date"), subject to the provisions under §4(a) herein. 3.Restrictions on Development and Operation.The development and operation of the Property and the Wal-Mart Store including, without limitation, the type of use, the maximum height and size of buildings, building setback requirements,parking requirements,landscaping requirements,loading zone requirements and provisions for reservation or dedication of land for public purposes,will be governed by the following, (collectively the "Development Criteria") as they exist on the Effective Date: (a)The City's General Plan; (b)Regulations and requirements set forth in the Apache Junction City Code, Land Development Code, Zoning Ordinance, Engineering Guidelines, and in stand alone resolutions and archives 2 • (c)Reasonable restrictions that are necessary to protect the health, safety and welfare of persons using the Property, and which protect the health, safety and welfare of the surrounding residential neighborhood. Wal- Mart shall, have the following specific rights with regard to the development and operation of the Property and the Wal-Mart Store: (i)Wal-Mart shall have the right to conduct "sidewalk sales" and "parking lot sales" (which are undertaken by Wal-Mart and not third parties) at such locations on the Property as Wal-Mart determines is appropriate from time to time, in accordance with applicable laws.Wal-Mart shall also have the right to locate and maintain modular storage facilities in the loading and parking lot areas of the Property in accordance with applicable law. (ii) Wal-Mart shall have the right to operate the Wal-Mart Store in accordance with Wal-Mart's operational policies,as the same are amended from time to time, in accordance with applicable laws. (iii) The provision of a masonry wall, a minimum of six (6) feet in height, shall not be required along the west property line adjacent to the building, or south property line pursuant to the Apache Junction City Code, Vol.II,Land Development Code,Chapter 6,Article 6-1,Landscaping and Screening Requirements,§6-1-5(D)(2).However, a six (6) foot tall masonry wall shall be required along the west property line where adjacent to the existing mobile home park and landscaping must be provided pursuant to the Apache Junction City Code,Vol.II,Land Development Code,Chapter 6,Landscaping and Screening Requirements,§§6-1-5(D)(2) and 6-1-5(D)(1). (iv) The provision of parking lot screen walls and berms per §6-1-5(E)(5) of the same code referenced immediately above in §3(c)(iii) shall not be required along the public street frontages of the Property in consideration for the provision of additional landscaping as required by the City. 4.Development and Operation. (a)Nothing in this Agreement shall be deemed to be a covenant by Wal-Mart to construct or open the Wal-Mart Store or, if Wal-Mart does construct and open the Wal-Mart Store, to own or operate the Wal-Mart Store;provided however,in the event that Wal-Mart fails to complete the construction of the Wal-Mart Store, which shall not be less than 200,000 square feet (based on gross square footage including an associated tire, lube express facility, outdoor garden center, but excluding the associated fuel pump area) within twenty-four (24) months (or such longer period as approved by the City) of the date Wal-Mart becomes the fee owner of the Property or otherwise obtains control over the property through a lease, this Agreement shall automatically terminate and the parties shall have no further obligation to one another, provided however, in such event, Wal-Mart shall be obligated to reimburse the 3 f • City for its invoiced out-of-pocket plan review and engineering expenses incurred in connection with the Wal-Mart Store, not to exceed $50,000.00. (b)At the request of Wal-Mart, from time to time, the City will accept applications for and process in compliance with the City's standard practices and procedures, any discretionary and non -discretionary approvals or permits which Wal-Mart may require from time to time with regard to the development or operation of the Property and the Wal-Mart Store, including any construction permits,inspections,special use permits,and certificates of occupancy.Without limiting the generality of the foregoing, the City will use its best efforts to promptly issue each construction permit and other authorization necessary for the development and operation of the Property and the Wal-Mart Store. 5.The Infrastructure. (a)In the event Wal-Mart elects to construct the Wal-Mart Store on the Property, Wal-Mart shall construct (or cause to be constructed) the improvements as described on the Description of Infrastructure attached hereto as Exhibit C and incorporated herein by this reference (collectively the "Infrastructure"). Wal-Mart shall have the right to add to the scope and extent of the Infrastructure through change orders approved in advance by the City, which approval shall not be unreasonably withheld or delayed.Wal-Mart shall bid and award the contract or contracts for the actual construction (excluding design) of all or portions of the Infrastructure in accordance with the public bidding requirements contained in A.R.S. §34-201 et seq.,and shall provide any and all performance and payment guarantees with respect to construction of the Infrastructure. (b)The City shall as expeditiously as possible, subject to the City Engineer's recommendation, grant to Wal-Mart any and all temporary easements, rights of entry, rights -of -way, and/or other use rights on or about all real property owned or controlled by the City upon, through or under which any portion of the Infrastructure will be installed or which are useful or necessary for Wal-Mart to complete the construction of the Infrastructure and the Wal-Mart Store.The City shall execute and record,or cause the execution and recordation or any and all documents or instruments reasonably required to effectuate this section. (c)The City will use its best efforts to assist Wal-Mart in obtaining all permits and approvals which are issued by any third party public or quasi -public entity and which are necessary for the development, construction and operation of the Infrastructure and the Wal-Mart Store. (d)The construction of the Infrastructure shall satisfy current published requirements of the City for public improvements in connection with the development and operation of the Property, the Wal-Mart 4 ta Store and any expansion, rehabilitation or reconstruction of the same.Wal-Mart shall not be required to construct any additional public improvements in connection with the proposed development and operation of the Property or the Wal-Mart Store. 6.Payment of Costs. (a)Wal-Mart shall pay all costs and fees associated with the design, engineering, permitting, acquisition, construction and installation of the Infrastructure (collectively the "Costs"). (b)The City, in consideration of Wal-Mart's construction of the Infrastructure, beginning with the first calendar quarter after the opening of the Wal-Mart Store, and continuing for each calendar quarter thereafter, shall, to the extent permitted by law and as supported by the approved annual appropriation by the City Council, on the dates set forth below, pay to Wal-Mart an amount (the "Quarterly Payments") equal to 50% of the City Privilege Tax, as levied and imposed pursuant to §8A-400 of the Tax Code of the City of Apache Junction, generated by retail sales on the Property (whether levied and collected by the City or levied by City and collected by the State and paid to the City). (c)The City, to the extent permitted by law, shall make the Quarterly Payments until an amount equal to $1,300,000 has been paid to Wal- Mart.The City may however at its option,make the payments called for hereunder from any source of funds legally available for such expenditure.This agreement does not create any lien, reservation, or pledge of privilege tax funds or other funds that would not be available for economic development. (d)City shall obtain the required information from confidential records provided to City by the Arizona Department of Revenue and shall make its estimate of payments according to the following schedule: (i)City Privilege Tax received for the tax periods January, February or March shall be tabulated and payment due, if any, shall be made on or before the 90th day following March 31st of each year. (ii)City Privilege Tax received for the tax periods April, May, or June shall be tabulated and payment due, if any, shall be made on or before the 90th day following June 30th of each year. (iii)City Privilege Tax received for the tax periods July, August or September shall be tabulated and payment due, if any, shall be made on or before the 90th day following September 30th of each year. (iv)City Privilege Tax received for the tax periods October, November and December shall be tabulated and payment due, if any, shall be made on or before the 90th day following December 31st of each year. 5 • • 7.Acceptance of Dedication and Grant of Permanent Easements. (a)Promptly upon the completion of the Infrastructure,or any distinct portion thereof, the City shall accept the dedication of the same from Wal-Mart.Thereafter, the City,at its sole cost and expense shall maintain, operate, repair and replace the Infrastructure as and when required to keep the Infrastructure in good condition and repair.The City acknowledges that no portion of the Infrastructure located on the Property will be dedicated to the City.Wal-Mart shall maintain all portions of the Infrastructure which are located on the Property in good condition and repair, with the exception of those areas set forth in §7(b) below. (b)Wal-Mart shall grant permanent drainage and maintenance easements to the City for the areas more particularly described and depicted in Exhibit D (the Permanent Drainage and Maintenance Easement Areas) attached hereto and incorporated herein by reference. 8.Approvals.The City shall obtain,and shall maintain all necessary approvals,permits,consents and authorizations from all governmental authorities and other persons or entities necessary for the City ownership,maintenance,operation,repair and replacement of the Infrastructure. 9.City Representations.The City acknowledges that Wal-Mart is acquiring the Property,entering into this Agreement,and expending considerable sums in design and engineering fees associated with the Wal-Mart Store in reliance on the provisions of this Agreement.The City acknowledges that Wal-Mart shall continue to expend considerable sums with respect to the same in reliance on the provisions of this Agreement. The City represents, the Property is located within the municipal limits of the City and the zoning permits the construction and operation of the Infrastructure and the Wal-Mart Store. The City is a duly organized, validly existing municipal corporation in the State of Arizona. The individuals executing this Agreement have all necessary authority to enter into this Agreement and to bind the City. (a)Aside from what has already been disclosed to Wal- Mart, the City is not aware of any litigation, referendum, investigation, initiative or proceeding pending or, to the knowledge of the City, contemplated against the City, the Property, this Agreement, the zoning of the Property, or the levy or collection of the City Privilege Tax (collectively, "Actions", and each individually an "Action") which would impair or adversely affect the City's ability to perform its obligations under this Agreement or under any instrument or document related hereto or which would impair or adversely affect Wal-Mart's ability to construct the Wal-Mart Store on the Property. 6 10.Wal-Mart's Representations.Wal-Mart represents, that all of Wal-Mart's representations, are true in all material respects as of the date of this Agreement.Wal-Mart is a duly organized, validly existing corporation organized under the laws of the State of Delaware, and is authorized to conduct business in the State of Arizona.The transactions contemplated by this Agreement, the execution of this Agreement and Wal-Mart's performance hereunder have been duly authorized by all requisite action of Wal-Mart's board of directors and no other approval or consent is required for this Agreement to be binding upon Wal- Mart. 11.Cooperation and Procedure for Disputes. (a)Appointment of Representatives.To further the commitment of the parties to cooperate in the implementation of this Agreement, the City and Wal-Mart each shall designate and appoint a representative to act as a liaison between the City and its various departments and Wal-Mart.The initial representative for the City (the "City Representative")shall be City Manager Curtis Shook or his designee and the initial representative for Wal-Mart shall be Randy Crossno,Real Estate Manager,or his designee.The representatives shall be available at all reasonable times to discuss and review the performance of the parties' respective obligations under this Agreement. (b)Expedited City Decisions.The City and Wal-Mart agree that Wal-Mart must be able to proceed expeditiously with the development of the Property, the construction of the Wal-Mart Store, and the construction of the Infrastructure and that,accordingly,an expedited City review process is necessary.The City shall review all such matters in an expedited manner.The City shall,to the extent required by law,publish,post and give all notices relating to the same in a diligent and expeditious manner. The parties agree that if at any time Wal-Mart believes that an impass has been reached with the City staff concerning any issue affecting the Property, the Wal-Mart Store or the Infrastructure, the City shall assign said dispute to the appropriate board or commission having jurisdiction over the same for adjudication and disposition on an expedited basis.If the issue on which an impass has been reached is an issue where a final decision can be reached by the City Staff,the City Representative shall give Wal-Mart a final decision within fourteen (14) calendar days after the request for an expedited decision is made.If the issue on which an impass has been reached is one where a final decision requires action by the City Council, the City Representative shall be responsible for scheduling a City Council hearing on the issue at the next regularly scheduled City Council meeting after the request for an expedited decision is made; provided however, that if the issue is appropriate for review by the City's Planning and Zoning Commission, the matter shall be submitted to the Commission first, and then to the City Council.Both parties agree to continue to use reasonable good faith efforts to resolve any impass pending any such expedited decision. 7 1.• . 12.Default.Failure or unreasonable delay by either party to perform any term or provision of this Agreement for a period of ten (10) calendar days (the "Cure Period") after written notice thereof from the other party shall constitute a material default under this Agreement.Said notice shall specify the nature of the alleged material default and the manner in which said material default may be satisfactorily cured, if possible.If any party to this Agreement is in material default under any provision, the non -defaulting party shall be entitled to pursue remedy all remedies available to it at law or in equity. 13.Notices and Filings. (a)Manner of Serving.All notices,filings,consents, approvals and other communications provided for herein or given in connection herewith shall be validly given, filed, made, delivered or served if in writing and delivered personally or sent by express or overnight mail or by registered or certified first class United States Mail, postage prepaid, as follows: If to the City, to:Curtis Shook, City Manager 1001 North Idaho Road Apache Junction, Arizona 85219 And to:Richard Joel Stern, City Attorney 1001 North Idaho Road Apache Junction, Arizona, 85219 If to Wal-Mart, to:Wal-Mart Stores, Inc. 2001 S.E. 10thStreet Bentonville, AR 72716-0550 Attention:President (Store No.13Plit And to:Mr. Randy Crossno - 8703 Sam Walton Development Complex 2001 S.E. 10thStreet Bentonville, AR 72716-0550 The parties may from time to time designate in writing and deliver in a like manner any other such address which they deem necessary without modifying this Agreement. 14.Mailing Effective.Notices, filings, consents, approvals and communication given by mail shall be deemed delivered upon receipt or refusal. 15.General. (a)Waiver.No delay in exercising any right or remedy shall constitute a waiver thereof, and no wavier by the City or Wal-Mart of the breach of any covenant of this Agreement shall be construed as a waiver of any 8 preceding or succeeding breach of the same or any other covenant or condition of this Agreement. (b)Attorney Fees:In any quasi-judicial or administrative proceedings or any other action in any court of competent jurisdiction, brought by either party to enforce any covenant or any of such party's rights or remedies under this Agreement, including any action or declaratory or equitable relief, each party shall bear their own attorney fees and all costs,expenses and disbursements in connection with such action, unless such action is determined by a Court to be brought in bad faith, in such case the court may order attorney fees and costs be paid to the prevailing party. (c)Counterparts.This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.The signature pages from one or more counterparts may be removed from such counterparts and such signature pages all attached to a single instrument so that the signature of all parties may be physically attached to a single document. (d)Headings.The descriptive headings of the paragraphs of this Agreement are inserted for convenience only and shall not control or affect the meaning or construction of any of the provisions hereof. (e)Exhibits.Any exhibit attached hereto shall be deemed to have been incorporated herein by this reference with the same force and effect as if fully set forth in the body hereof. (f)Further Acts.Each of the parties hereto shall execute and deliver all such documents and perform all such acts as reasonably necessary, from time to time, to carry out the matters contemplated by this Agreement. (g)Time of the Essence and Successors/Assignment and Transfer. (i) Time is of the essence in this Agreement.All of the provisions hereof shall inure to the benefit of and be binding upon the successors and assigns of the parties hereof. (ii)Neither party may assign any of its rights or obligations hereunder, provided however,it is expressly acknowledged and agreed that Wal-Mart shall have the unrestricted right to assign, transfer and convey its rights and obligations hereunder to any Affiliate of Wal-Mart without the approval of the City, but in such event guarantees its liability for any material breach by the assignee or transferee under this Agreement.For purposes hereof, an Affiliate of Wal-Mart shall be an entity which Wal-Mart owns not less than 90% of the equity interests in such entity. 9 (iii) As to non -Affiliates of Wal-Mart, Wal-Mart shall have the right to assign and transfer its rights and obligations hereunder to any person, firm, agency, organization, and corporation upon receipt of the City's prior written consent,which consent shall not be unreasonably withheld or delayed subject to the provisions set forth below. (iv)Wal-Mart's rights and obligations hereunder may only be assigned or transferred in writing, recorded in the Official Records of Pinal County,Arizona,at Wal-Mart's expense,expressly assigning or transferring such rights and obligations. (v)No assignment or transfer of rights or obligations will be permitted if Wal-Mart is in default of any provision of this Agreement.In addition, the assignee or transferee prior to such assignment or transfer, shall demonstrate to the City's satisfaction, financial ability to fulfill the obligations under this Agreement. (h)No Partnership and Third Parties.It is not intended by this Agreement to, and nothing contained in this Agreement shall, create any partnership, joint venture or other similar arrangement between Wal-Mart and the City.No term or provision of this Agreement is intended to, or shall, be for the benefit of any person, firm, organization or corporation not a party hereto, and no such other person, firm, organization or corporation shall have any right or cause of action hereunder. (i)Entire Agreement.This Agreement constitutes the entire agreement between the parties hereto pertaining to the subject matter hereof.All prior and contemporaneous agreements,representations and understandings of the parties,oral or written,are hereby superseded and merged herein. (j)Amendment.No change or additions to be made to this Agreement except by a written amendment executed by the parties hereto. Within ten (10) calendar days after any amendment to this Agreement, such amendment shall be recorded, at the City's expense, in the Official Records of Pinal County, Arizona. (k)Names and Plans.Wal-Mart shall be the sole owner of all names, titles, plans, drawings, specifications, ideas, programs, designs, and work products of every nature at any time developed, formulated or prepared by or at the instance of Wal-Mart in connection with the Property, and the Wal-Mart Store.However, such documents may be released to the Public, as allowable under the Arizona Public Records Act. (I)Recordation.No later than ten (10) calendar days after this Agreement has been executed by the City and Wal-Mart, it shall be recorded 10 in its entirety, by the City at Wal-Mart's expense in the Official Records of Pinal County, Arizona. (m)Force Majeure:Neither City nor Wal-Mart shall be in default under this Agreement in the event of enforced delay due to causes (a) beyond its control and without fault or negligence, including but not limited to acts of God, acts of public enemy, acts of the Federal or State government, acts of the other party, acts of third parties,litigation concerning the validity or enforceability of this Agreement or relating to transactions contemplated, including the effect of petitions for referendum,or initiative,fires,floods, epidemics,quarantine,restrictions,strikes,embargoes,unusually severe weather or the delays of subcontractors or materialmen due to such causes; (b) bankruptcy, insolvency or similar action, or any foreclosure or other exercise of remedies of any lender;and (c) without limiting the foregoing, any action or inaction of City,its officers,agents,departments,committees,Council, Boardmembers, commissioners, which delays, directly or indirectly, Wal-Mart's ability to comply with any construction schedule.In the event of the occurrences of any such enforced delay, the time or times for performance of the obligations of the party claiming delay shall be extended for a period of the enforced delay; provided that the party seeking the benefit of the provisions of this section shall within thirty (30) calendar days after such party knows of such enforced delay, first notify the other party of the specific delay in writing and claim the right to an extension for the period of the enforced delay; provided however that either party's failure to notify the other of an event constituting an enforced delay shall not alter, detract from or negate its character as an enforced delay was not known or reasonably discovered by such party. (n)Governing Law and Venue:The terms and conditions of this Agreement shall be governed by and interpreted in accordance with the laws of the State of Arizona.Any action at law or in equity brought by either party for the purpose of enforcing a right or rights provided for in this Agreement, shall be tried in a court of competent jurisdiction in Pinal County, State of Arizona.The parties hereby waive all provisions of law providing for a change of venue in such proceeding to any other county. (o)Severability.Every provision of this agreement is, and will be construed to be, a separate and independent covenant.If any provision of this agreement or the application of the same is, to any extent, found to be invalid or unenforceable, then the remainder of this agreement or the application of that provision to circumstances other than those to which it is invalid or unenforceable, will not be affected by that invalidity or unenforceability, and each provision of this agreement will be valid and will be enforced to the extent permitted by the law, and the parties will negotiate in good faith for such amendments of this agreement which may be necessary to achieve its intent, notwithstanding such invalidity or unenforceability. 11 (p)On -site Detention Property.That portion of the Property more particularly described and depicted on Exhibit E, which is attached hereto and is incorporated herein by reference, is to be used for storm water detention purposes (the "On -site Detention Property").Wal-Mart agrees that it shall deed On -site Detention Property to the City upon the occurrence of each of the following: 1) The City has constructed a regional storm water detention facility and has constructed all necessary improvements required to channel storm water from the Property and all other real property which detains in the On -site Detention Property shown in Exhibit E into said regional facility, all of which must be accomplished at no cost to Wal-Mart.The design of the regional storm water detention facility and the plans for the extension of storm drainage lines to the facility must be submitted to Wal-Mart's engineering consultant for review, which approval shall not be unreasonably withheld. 2) The City has granted to Wal-Mart all necessary easements as are required in order for the Property to legally discharge storm water runoff into the regional facility. Upon the satisfaction of each of following, Wal-Mart shall provide the City written notice of said satisfaction, and the City shall have ninety (90) calendar days from the receipt of such notice to satisfy itself in its sole discretion as to the condition of the On -Site Detention Property.In the event that the City is not satisfied with the same, the City shall provide Wal-Mart written notice of said fact, the City shall be under no obligation to accept the deed to the On -Site Detention Property and this Section 15(p) shall be of no further force and effect. In the event that the City is satisfied with the condition of the On -Site Detention Property,Wal-Mart shall deed the On -Site Detention Property to the City by special warranty deed.The deed shall be subject to all matters of record including without limitation any non -monetary encumbrance placed on the On- Site Detention Property by Wal-Mart in connection with the development of the Property.The On -Site Detention Property, if conveyed, shall be conveyed on an AS IS, WHEREAS AND WITH ALL FAULTS BASIS.The City acknowledges and agrees that Wal-Mart has not and will not make any representation or warranty of any kind with respect to the conveyance of the On -Site Detention Property. (q)Indemnity:The parties to this Agreement agree to indemnify and hold harmless each other,its officers, departments, divisions, employees and agents,and contractors from any and all claims,liabilities, expenses or lawsuits as a result of or omissions of each other. (r)Conflict of Interest:Pursuant to A.R.S.§38- 511,incorporated herein by reference, the parties understand and agree that this Agreement is subject to cancellation by City or its departments or agencies if any person significantly involved in initiating, negotiating, securing, drafting or 12 r • creating the contract on behalf of the City, or its departments or agency, is at any time, while the Agreement or any extension or modification thereof, is in effect, an employee or agent of any other party to the Agreement with respect to the subject matter of the Agreement. THIS AGREEMENT shall be binding upon the parties hereto, their administrators, heirs, successors or assigns and can be changed only by written agreement signed by all parties. IN WITNESS WHEREOF, we have hereunto set our hands and seals on the date and year first above written. WAL-MART STORES, INC., a Delaware corporation/ 1,(By Its Assistant Vice President ATTEST:THE CITY OF APACHE JUNCTION, an City Clerk APPROVED AS TO FORM: '3 2o • 01 City Attorney Arizona municipal corporation By Title State of Ar-,;ansos County of ':)--i24----Or)) ss Appro d as to Is9a1 terms only BY WAL AR1 LEGAL TEAM Date /-716 -O/ The foregoing instrument was acknowledged before me this 1W ) day of I vat'-0 -),2001, by Robert M. Bedard ,the Assistant Vice President of Wal-Mart Stores, Inc., a Delaware corporation, on behalf of the corporation. (Seal and Expirati WinT-ARY SEAL"1111%.,•_ Kris tiPhiftips, Notary Public Benton County, State of Arkansas My Commission Expires 1(4112004 aullata NotarkPublic 13 t. State of ) ) ss County of Plni A -L._) The fEegoing instrument was acknowlOged befor# me this day of IYIA-cLeA , 2001, by ...1)0 v L,LArs klot.cma...i , the _ 'M oiln rt_of the City of Apache Junction,an Arizona municipal corporation, on behalf of the corporation. (Seal and Expiration Date) Of ICIA1 UAL JANET R. MASON rcovuey MPUC SIATE oPASIDNA 41A41COP4 MINN PO COMM. DOVES MY 14, 20041 14 EXHIBIT "A" PROPERTY ;.. That part of the Northeast quarter of the Southwest quarter of Section 19, Township 1 North, Range 8 East of the Gila and Salt River Base and Meridian, Pinal County, Arizona, described as follows: COMMENCING at the center of Section 19 as shown on Homie Homes, Book 8 of Maps, Page 39 P.C.R. THENCE South 42°01'49" West, 67.20 feet to a point on the South right-of-way line of U.S. 60 and the POINT OF BEGINNING; THENCE South 44°55'27" East, 42.49 feet; THENCE South 00°00'29" East, 170.00 feet to a point that is 15.00 feet west of the mid -section line of said Section 19; THENCE South 03°35'04" East, 240.47 feet to a point on said mid -section line; THENCE South 00°00'29" East, 236.00 feet along said mid -section; THENCE North 89°53'38" West, 622.80 feet; THENCE South 52°44'01" West, 136.19 feet; THENCE North 89°53'38" West, 324.90 feet; THENCE South 0000356 West, 285.63 feet; THENCE North 89°37'54" West, 263.95 feet; THENCE North 00°00'23" West, 1043.09 feet along the West line of the Northeast quarter of the Southwest quarter of said Section 19 to a point in the aforementioned South right-of-way line of U.S. 60; THENCE South 89°53'38" East, 1275.37 feet along said South right-of-way line to the POINT OF BEGINNING. Described property being in and forming a part of the City of Apache Junction, Arizona and comprising an area of 1,015,800 square feet or 23.320 acres more or less. PAGE 1 OF 2 — S 89753'50"E 1305.86' E-4 r:4 PC1 C41-4 r(::4) X 50.00' APACHE TRAIL POINT OF BEGINNING MID—SEC11ON LINE 1320.37 S 8953'38"E 1275.37' POINT OF COMMENCING (() W&)0 r-6 7_1 .47 o - 5 :V )Lai Lu Z -r") (\l — b cD CO Cs1 N 8937'54"W 263.95'S0 * 0 3 ' 5 6 " W 2 8 5 . 6 3 ' -10) 23.320 ACRES 0 t. N 8953'38" 324.90' ‘1-11 X S 5244'01"W 136.19' S 4455'27"E 42.49' S 0000'29"E 170.00' S 03'35'04"E 240.47' S 00'00'29"E 236.00' N 8953'38"W 622.80' GRAPHIC SCALE 200 100 0 200 (IN FEET ) 1 inch =200 ft. tx; CENTER OF SEC 19 T -1N,R -8E FOUND COTTON SPINDLE 6.20' CENTER OF SEC 19 AS SHOWN ON HOMIE HOMES BOOK 8 OF MAPS,PG 39 P.C.R. FOUND 1"IRON PIPE 54201'49"W 67.20' TIE LINE ONLY DE L A W A R E MI D - S E C T I O N LI N E CV p 7 - . 1 landepHom LA and Associate Inc. EXHIBIT "B" SITE PLAN -.FTUTURE I 1-Okssigiorlo 523:05\v7,:951. r-• -•ii, ----------------------------- EXHIBIT "C" DESCRIPTION OF INFRASTRUCTURE pg. 1 of 2 QTY.UN IT IMPROVEMENTS TO APACHE TRAIL Heavy Duty Asphalt 793 S.Y. Concrete Driveway Apron 699 S.Y. Sawcut Ex. Pvg.1067 L.F. Sidewalk Ramp 6 EA. Concrete Sidewalk 3713 S.F. Concrete Curb and Gutter 1261 L.F. Convert existing overhead power to underground 1300 L.F. Conduit for SRP conversion 1300 L.F. Street light poles and bases 5 EA. Street light conduit (2-3" conduit)1300 L.F. Remove Exist. Curb 8I Gutter 490 L.F. Signal Improvements at main entrance and Apache Trail 1 L.S. IMPROVEMENTS TO DELAWARE DRIVE Heavy Duty Asphalt 2671 S.Y. Concrete Driveway Apron 374 S.Y. Sawcut Ex. Pvg.870 L.F. Street light poles and bases 4 EA. Street light conduit (2-3" conduit)750 L.F. Sidewalk Ramp 5 EA. Concrete Sidewalk 2630 S.F. Concrete Curb and Gutter 770 L.F. REGIONAL DRAINAGE SYSTEM IMPROVEMENTS 2-48" Storm Drain 905 L.F. 2-48" Headwall 1 EA. Junction Structure 1 EA. Storm Manhole 2 EA. Inlets 1 EA. Modify Exist. Headwall in Median 2 EA. Riprap at Outfall 275 S.Y. EXHIBIT "C"ad. DESCRIPTION OF INFRASTRUCTURE pg. 2 of 2 LOCAL DRAINAGE SYSTEM IMPROVEMENTS 6" SD 442 L.F. 8" SD 50 L.F. 10" SD 925 L.F. 12" SD 205 L.F. 18" SD 1150 L.F. 21" SD 60 L.F. 24" SD 204 L.F. 30" SD 484 L.F. 36" SD 712 L.F. 18" Headwall 1 EA. 24" Headwall 1 EA. 36" Headwall 1 EA. Single Grate Catch Basin - Type "G"4 EA. Double Grate Catch Basin - Type "G"5 EA. 3.5' Curb Inlet- Type "A"5 EA. Rip Rap 529 S.Y. PreFab Wye 22 EA. Brooks B-200 Grease Interceptor 2 EA. LANDSCAPING IMPROVEMENTS Landscape 212000 S.F. Irrigation 212000 S.F. ENGINEERING DESIGN FEES (10%) The quantities listed herein are only approximations. Actual field/as-built conditions will be verified by City Engineer, and such verification will be the basis for approval by City. 16. EXHIBIT "D" PERMANENT DRAINAGE AND MAINTENANCE EASEMENT AREAS That part of the Northeast quarter of the Southwest quarter of Section 19, Township 1 North, Range 8 East of the Gila and Salt River Base and Meridian, Pinal County, Arizona, described as follows: COMMENCING at the center of Section 19 as shown on Homie Homes, Book 8 of Maps, Page 39 P.C.R.; THENCE North 89°53'38" West, 379.55 feet along the East-West mid -section line of said Section 19; THENCE South 0000622" West, 50.00 feet to a point in the South right-of-way line of U.S. 60 and the POINT OF BEGINNING; THENCE South 00°06'22" West, 301.31 feet to the beginning of a tangent curve to the right; THENCE Southwesterly along said curve through a central angle of 64°44'16", having a radius of 410.00 feet and a length of 463.25 feet; THENCE South 64°50'38" West, 61.02 feet; THENCE South 47°47'22" West, 89.90 feet; THENCE North 89°53'38" West, 60.36 feet; THENCE North 00°06'22" East, 46.58 feet; THENCE North 47°47'22" East, 53.61 feet; THENCE South 89°53'38" East, 87.25 feet; THENCE North 64°50'38" East, 51.52 feet to the beginning of a tangent curve to the left; THENCE Northeasterly along said curve through a central angle of 64°44'16", having a radius of 390.00 feet and a length of 440.66 feet; THENCE North 00°06'22" East, 301.31 feet to a point in the aforesaid South right-of-way line of U.S. 60; THENCE South 89°53'38" East, 20.00 feet along said South right-of-way line to the POINT OF BEGINNING; Described property being in and forming a part of the City of Apache Junction, Arizona and comprising an area of 23,949 square feet or 0.550 acres more or less. . $:;7Stkf7..:"+"":,C e•-::"..Z.,N4)7‘—"cA\Nre: 19809 CHRISTOPHER E. AULERICH vle PAGE 1 OF 2 e- -a S 89'53'50"E 1305.86' CI) p4< < H < < Ci) E- I X C 44 ,0 4 E-1z 50.00' C) Li) w o w w z APACHE TRAIL S 8958'09"W 2626.23' MID -SECTION L I N E -V I %IA)so4'y 0, s° 1 11.i D=6444'16" R=390.00' L=440.66' CB=N32'28'30"E C=417.59' N64'50.38"E S8953'38"E 87.25' N 47'47 .22"E 53.61' N00'06'22"E 46.58' 51.52' N89'53'38"W 60.36' POINT OF BEGINNING csi • lop S64'50'38"W 61.02' S4747'22"W 89.90' POINT OF COMMENCING 379.55' N8953'38"W 334.65' S00'06'22"W 50.00 -CN -CN P 6o 0.550 ACRE D=6444'16" R=410.00' L=463.25' CB=S32"28.30"W C=439.00' GRAPHIC SCALE 200 100 0 200 (IN FEET ) 1 inch =200 ft. CENTER OF SEC 19 T -1N,R -8E FOUND COTTON SPINDLE 6.20' -CENTER OF SEC 19 'AS SHOWN ON HOMIE HOMES 1BOOK 8 OF MAPS,PG 39 P.C.R. FOUND 1"IRON PIPE F4' 0 C\) Drdey-Hom EXHIBIT ."E" ON -SITE DETENTION PROPERTY That part of the Northeast quarter of the Southwest quarter of Section 19, Township 1 North, Range 8 East of the Gila and Salt River Base and Meridian, Pinal County, Arizona, described as follows: COMMENCING at the center of Section 19 as shown on Homie Homes, Book 8 of Maps, Page 39 P.C.R.; THENCE North 89°53'38" West,1320.37 feet along the East-West mid -section line of said Section 19; THENCE South 00°00'23"East,808.67 feet along the west line of the Northeast quarter of the Southwest quarter of said section 19 to the POINT OF BEGINNING; THENCE South 89°53'38"East, 264.31 feet; THENCE South 00°03'56"West,285.63 feet; THENCE North 89°37'54"West,263.95 feet to a point on the aforesaid west line; THENCE North 00°00'23"West, 284.42 feet along said west line to the POINT OF BEGINNING. Described property being in and forming a part of the City of Apache Junction, Arizona and comprising an area of 75,283 square feet or 1.728 acres more or less. \, PAGE 1 OF 2 ,I6 , crry •-•1Lyi-41 z II o -0 NOCY00'23"W 284.42' S] e l O V 22 Z : l H X 71 M z > 0 SC/03'56"W 285.63' o DI H d i n : 1 0 ci) com 0-0_ zz o -r 1 Cf) cy) :1"" (n1 011 \MID -SECTION LINE EXHIBIT "E" ON—SITE DETENTION PROPERTY S 0000'23"E 808.67 N58.67' WEST LINE NE 1/4,SW 1/4,SEC.19 v.‘ , Iv t r . ' t•Itti Yd 4 1/4.told,„ I . S3 8 3 V OZ TZ tr,A, to•••• (/) -• CO 1,1 0 • •LA CO • II 5 F PAGE 2 OF 2 DELAWARE DRIVE co U i (f)cp. co _-up Co NJ m NJ c_n 3N 1 1 NO L L O 3 S - 0 1 1 ^ 1 p:J F4 0 -0 0 A 2 Z 0 0 Z 0 0 _- n-oco>c)-otrti-)0 (f)m c — z 'x 0 z zz -o'imx m mw-, co o n 1 _HCO -9c— z Z 0 0 (/)C i Z V)Z M M (-)— >(-) 1/1 - . = Y1 o — A r 1.0 2o-6 Fi oz c)7 I M -13 (A r i m cn