7/15/2013 10:01:00 AM Prescott Valley seeks 180 acres from commercial developer for open space
The Town of Prescott Valley plans to add 180 acres of open space by acquiring 20 acres behind Sam's Club and 156 acres above the Liberty Kia dealership from shopping center developer Kitchell Development Co.
Photo courtesy Les Stukenberg/The Daily Courier
Ken Hedler Special to the Tribune
The town government plans to expand open space by acquiring about 180 acres from shopping center developer Kitchell Development Co. of Phoenix, Town Manager Larry Tarkowski announced Friday.
However, the town will not obtain the land through an outright purchase, Economic Development Manager Greg Fister said. Instead, the town will pay for the land by extending a development agreement for 38 months with Kitchell in which the town reimburses the developer from a penny on the 2.33 percent sales tax. Kitchell is developing the 100-acre Prescott Valley Crossroads shopping center on both sides of Highway 69 and Sundog Ranch Road.
The land will not be appraised, Fister said, adding, "Because we are not paying for it now. We are paying for it 13 years from now."
He said Kitchell sought an extension of a development agreement that dates to 2005, and the town wanted something in return.
Kitchell President Jeff Allen was out of town Friday and unavailable for comment.
Kitchell's land targeted for the acquisition includes about 20 acres behind the Sam's Club and 156 acres above the Liberty Kia dealership starting on the south side of Glassford Hill, Fister said.
The hillside land runs from the north side of Sundog Ranch Road past the Legacy apartment complex.
Fister said the Kitchell property is the last remaining private inholding on Glassford Hill, which towers 1,000 feet above the town. Glassford Hill also contains state trust lands.
The land is undeveloped and will be suitable for hiking, Tarkowski said. He said the land behind Sam's Club will be added to Fain Park - the town's largest park at 100 acres - and the land on Glassford Hill had been considered for residential development.
Kitchell owns about 460 acres altogether, including 100 undeveloped acres zoned for commercial use, Fister said.
Tarkowski said the Town Council, Planning and Zoning Commission and Parks and Recreation Commission plan a field trip to the Kitchell property at a work/study meeting Thursday.
Kitchell began building its Crossroads shopping center in 2006. Besides the Sam's Club, it contains Home Depot, a Carl's Jr., Hobby Lobby, Subway, Dollar Tree and numerous other businesses. Kitchell also is building a Dick's Sporting Goods store, and gained approval from the council June 27 for a final development plan for 165,758 square feet of new commercial space on approximately 17 acres at Crossroads.