Peoria City Council voted 7-0 Aug. 5 to approve the third amendment to the amended and restated Vistancia development agreement, a contract that reallocates financial liabilities and clarifies infrastructure and reimbursement obligations tied to the Vistancia master-planned community.

Deputy City Manager Kevin Burke explained the amendment intends to simplify accounting between the city and Vistancia by offsetting amounts owed in each direction. Burke said Vistancia still needs about 380,000 gallons per day of sewer capacity at build out; the city’s forthcoming expansion at the Jo Max Water Recovery Facility requires roughly 1.5 million gallons per day overall, and Vistancia’s share of capacity equates to about $16,000,000 owed to the city for its proportional share of the treatment-plant expansion.

Burke told council Vistancia is owed approximately $5,600,000 for special-use park land and commercial-core land, about $3,500,000 for neighborhood park and fire-station land, and roughly $3,400,000 in road/transportation impact fee reimbursements (including $2.75 million in additional road work in process). Offsetting those credits against the $16 million due for wastewater capacity leaves Vistancia with a net amount owing to the city of about $3,430,000, Burke said.

The amendment also clarifies additional commitments: Vistancia’s participation in the design and construction of a segment of El Mirage Road at the Beardsley Canal (about $3.5 million contribution referenced), dedication of a trailhead at Vistancia Boulevard and the CAP Bridge to access the Twin Buttes Trail, and provisions for a veterans’ trail feature inside a proposed 61-acre special-use park in Northpointe.

Burke said the city intends to reduce the outstanding balance over time as transportation impact fees are collected and to apply reimbursements against the net amount owed. Council members asked technical questions about the scale of needed wastewater capacity, inflation-related typos in presentation slides and whether similar accounting issues might arise with other master-planned communities; staff said the Vistancia situation was driven by an odd remaining capacity share and that each development agreement differs by community.

Council approved agenda item 23R unanimously. Staff recommended and council accepted the third amendment to the amended and restated Vistancia development agreement.