Proposed Development Agreement with AED to be Revealed Tuesday Featured

Ongoing City Negotiations with Arizona Eco Development (AED) for Proposed Development Agreement

Big Idea

  • The City of Prescott and AED have reached a potential agreement for a Development Agreement
  • The Development Agreement will be reviewed publicly during the Prescott Study Session
  • There will be two special Study Sessions and a Special Voting Session in June
  • The agreement was reached by working to reach consensus amongst many interested parties
  •

The long-awaited Development Agreement will be unveiled on Tuesday

PRESCOTT, AZ (June 4, 2021) –The City of Prescott has reached a potential agreement with Arizona Eco Development (AED) to create a proposed Development Agreement (DA) that lays out the specific terms and conditions for the annexation and development of residential and commercial properties along Highway 89, in areas north and south of Highway 89A. The DA will be reviewed by staff and City Council at a Study Session on Tuesday, June 8 at 1 p.m., then released to the public for a review and comment period, including two special study sessions, then culminating with a special City Council voting meeting on June 24.

Here is a proposed schedule of meetings related to the AED Development Agreement.

  1. Tuesday, June 8th 1 pm – Study Session Roll-Out Meeting

  2. Tuesday, June 15th 1 pm – Study Session to Receive Public Comment 

  3. Tuesday, June 22nd 1 pm – Study Session/Statutory Public Hearing Meeting

  4. Thursday, June 24th 1pm – Special Voting Meeting

  5. Tuesday, June 29th 1 pm – Special Voting Meeting (TENTATIVE/IF ADDITIONAL TIME IS NEEDED AFTER JUNE 24TH)

At the June 8 study session, public questions will be limited to the content of the presentation about the Development Agreement.  More general comment on the proposed AED annexation will be taken at the two subsequent study sessions and at least one special voting meeting.  

The entire development agreement will be posted on the City’s website, following the June 8 City Council meeting.  There will also be a special email address for citizens to use to comment on the development agreement and annexation.  This email address is being protected from spambots. You need JavaScript enabled to view it..  Public comment will be collected throughout the process, and comments will be tallied, then summarized for the Council and the public. 

The AED annexation matter has been discussed in earnest since August of 2018, when the initial documents were submitted.   In June of 2020, the City signed a letter of intent (LOI), outlining the key framework for a development agreement.   Then, the City assigned a Negotiating Team, consisting of Mayor Greg Mengarelli, Mayor Pro Tem Alexa Scholl, and Councilmember Cathey Rusing to work with AED on formalizing the DA.  The Mayor also met with Save the Dells President Amber Fields throughout the final stages of the negotiation process. 

For more information about AED Negotiations, go to the City website, Prescott-az.Gov, and click on AED Annexation from the home page. 

Rate this item
(0 votes)
Last modified on Saturday, 05 June 2021 08:12
Published in Prescott.news
John Heiney

Community Outreach Manager

Communications, Economic Development and Tourism

Latest Tweets

Our "WordPress Event Plugin (Events Manager, Event Calendar, WooCommerce Event Tickets)" #WordPress plugin reached… https://t.co/A35s9rkuuG
RT @Themewinter: Did you miss the latest WP Eventin release? 🧐 𝐖𝐏 𝐄𝐯𝐞𝐧𝐭𝐢𝐧 𝟑.𝟎.𝟒 🎉 brings you all new features and tweaks: ✅ 𝐍𝐞𝐰 𝐀𝐝𝐝 𝐄𝐯𝐞𝐧𝐭 𝐭…
👉 We recently published a tutorial blog that shows step-by-step guidelines! ✅ No Coding Experience is Required! 👉… https://t.co/kOWY6eAwsC
Follow Themewinter on Twitter

Post Gallery

PV's Retired K9 Jake Has Passed Away

Yavapai County Sheriff Deputy Killed in the Line of Duty

Monsoon Rains Entirely Possible This Week!

Arizona Gas Prices Drop Slightly

PV Reduces Open Swim Fees

SR69 Lane Restrictions at 89A Next Week

I-17 Lane Closures Week of June 27-30

Movie Review: Elvis

Insurrection, Anarchical and Criminal Actions at AZ Capitol Complex