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  5. ›Reso 2023-20 Amend to Settlement Agmt

Awarded contract·Town of Fountain Hills·Arizona

Reso 2023-20 Amend to Settlement Agmt

Won by MJFFH7, LLC$5MSingle Award
Contract source

Awarded vendors

  • MJFFH7, LLC

Description

This contract is an amendment to a settlement agreement between the Town of Fountain Hills and MJFFH7, LLC, regarding the development of the Eagles Nest Property in Fountain Hills, Arizona. The amendment modifies certain provisions of the original agreement, including approved density, limitations on re-subdividing, retaining walls, exempt areas, and increased cut allowances. The contract is for a period of one year, starting on May 16, 2023, and ending on June 30, 2024. The scope of work includes the development of the Eagles Nest Property, with the Town approving the final parcel plat and site plans for an additional 14 lots within Parcel 2. The key points of this contract include: • Amendment to the settlement agreement between the Town of Fountain Hills and MJFFH7, LLC • Modifications to approved density, limitations on re-subdividing, retaining walls, exempt areas, and increased cut allowances • Development of the Eagles Nest Property, with the Town approving the final parcel plat and site plans for an additional 14 lots within Parcel 2 • One-year contract period, starting on May 16, 2023, and ending on June 30, 2024 • Points-of-contact include Rob Durham, Amanda Jacobs, Grady Miller, Pierce Coleman, Aaron D. Arnson, Steven B. Vargo, and Ginny Dickey

Attached files

Key dates

Starts
5/16/2023
Ends
6/30/2024
Duration
1 years

Last updated

Details

Award type
Single Award
Industry
Real Estate
NAICS
531110
Solicitation №
Reso 2023-20

Contract value

$5,000,000

The contract value cannot be directly determined from the provided text, as it does not mention a specific dollar amount. However, based on the scope of work, which includes the development of the Eagles Nest Property with an additional 14 lots within Parcel 2, the value could be substantial. The value may depend on various factors such as the cost of land acquisition, construction, and other development expenses. A rough estimate of the contract value could be in the range of $1 million to $10 million, but this is highly speculative and may not reflect the actual value.

AI estimate from the award documents

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