File #: 23-1727    Version: 1 Name:
Type: Public Hearing / First Reading Status: Passed
File created: 10/18/2023 In control: City Council
On agenda: 11/14/2023 Final action: 11/28/2023
Title: Ordinance authorizing an amendment to the Water Arterial Transmission & Grid Main Construction and Reimbursement Agreement with MPM Development, LP to extend the contract term to December 6, 2025, and to increase reimbursement by $190,212.64 for a total not to exceed amount of $374,023.38 for construction of a 12-inch water arterial transmission grid main line for residential development, Royal Creek Estates Unit 8; and authorizing future transfer and appropriation of Water and Wastewater Trust Fund revenue up to $190,212.64 to reimburse the developer in accordance with the agreement. (District 5).
Sponsors: Development Services
Attachments: 1. 23-1727 Agenda Memo - 3rd Amendment Reimbursement Agreement (Royal Creek Unit 8), 2. Ord - 3rd Amed Water Reim - Royal Creek Estates unit 8 Updated, 3. 3rd Amendment to Reimbursement Agreement - Royal Creek Unit 8 BB 10.25.pdf, 4. Exhibit 6 - Unit 8 Reimbursement, 5. Location Map - Royal Creek Estates Unit 8, 6. 4.1. Presentation without notes-Royal Creek Unit 8 Reimbursement Amendment

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Ordinance authorizing an amendment to the Water Arterial Transmission & Grid Main Construction and Reimbursement Agreement with MPM Development, LP to extend the contract term to December 6, 2025, and to increase reimbursement by $190,212.64 for a total not to exceed amount of $374,023.38 for construction of a 12-inch water arterial transmission grid main line for residential development, Royal Creek Estates Unit 8; and authorizing future transfer and appropriation of Water and Wastewater Trust Fund revenue up to $190,212.64 to reimburse the developer in accordance with the agreement. (District 5).