District amends development agreement to replace Brookfield entity
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Description
The Alamar Community Facilities District Board adopted CFD Resolution 5-2025 to amend the 2018 development, financing participation, and intergovernmental agreement, releasing Brookfield Residential (Arizona) LLC and substituting new affiliated entities due to corporate restructuring. The amendment keeps all other agreement terms intact while updating the obligated parties for the public infrastructure financing framework.
Contract Details
Vendor
BROOKFIELD RESIDENTIAL (ARIZONA) LLC
Agency
City of Avondale, AZ
Contract Type
OTHER
Document Date
December 15, 2025
Renewal Info
First amendment to the October 1, 2018 District Development, Financing Participation and Intergovernmental Agreement; Brookfield Residential (Arizona) LLC is prospectively released from obligations effective as of the amendment effective date, with successor entities assuming obligations for future acts.
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