This agreement allows PHX MC PROPERTIES, LLC to provide a $250,000 contribution to the City of Phoenix in exchange for upsizing approximately 230 feet of a six-inch water main to a 12-inch water main along Adams Street. This infrastructure improvement is in preparation for the construction of a new hotel on the southeast corner of Central Avenue and Adams Street in downtown Phoenix. The City will add the water main upgrade to its Water Main Replacement Program and will complete the project within a 10-year period.
This infrastructure upgrade is essential to support the new hotel development and ensure that the downtown area can accommodate the increased water usage. By upsizing the water main, the city also enhances its water delivery infrastructure, ensuring long-term sustainability for future developments in the area.