File #: 20-0504    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 4/9/2020 In control: City Council
On agenda: 6/16/2020 Final action: 6/23/2020
Title: Ordinance authorizing Developer Participation Agreement with MPM Development, LP, to reimburse developer up to $874,000 for oversizing required for a master planned water grid main; authorizing Water Grid Main, Water Distribution Main, Wastewater Trunk Main, and Wastewater Collection Line Extension Construction Reimbursement Agreements with MPM Development, LP to install grid mains, water distribution mains, wastewater trunk main, and wastewater collection lines for a planned residential subdivision with completion within 18 months; appropriating $154,126.23 from the Water Arterial Transmission & Grid Main Trust Fund, $16,673.25 from the Water Distribution Main Trust Fund, $75,706.88 from the Sanitary Sewer Trunk System Main Trust Fund, and $45,607.42 from the Sanitary Sewer Collection Line Trust Fund to reimburse the developer per the agreements. (District 3)
Sponsors: Development Services
Attachments: 1. Agenda Memo - Kings Landing Agreements 02, 2. Ordinance - Kings Landing participation and reimbursment Agreements, 3. Agreement - Participation Agreement, 4. Agreement - Water Arterial Transmission and Grid Main Construction and Reimbursement Agreement, 5. Agreement - Water Distribution Main Extension Construction and Reimbursement Agreement, 6. Agreement - Wastewater Trunk Main Line Extension Construction and Reimbursement Agreement, 7. Agreement - Wastewater Collection Line Extension Construction and Reimbursement Agreement, 8. Location Map - Kings Landing Agreements, 9. Presentation - Kings Landing Agreements

Title

Ordinance authorizing Developer Participation Agreement with MPM Development, LP, to reimburse developer up to $874,000 for oversizing required for a master planned water grid main; authorizing Water Grid Main, Water Distribution Main, Wastewater Trunk Main, and Wastewater Collection Line Extension Construction Reimbursement Agreements with MPM Development, LP to install grid mains, water distribution mains, wastewater trunk main, and wastewater collection lines for a planned residential subdivision with completion within 18 months;  appropriating $154,126.23 from the Water Arterial Transmission & Grid Main Trust Fund, $16,673.25 from the Water Distribution Main Trust Fund, $75,706.88 from the Sanitary Sewer Trunk System Main Trust Fund, and $45,607.42 from the Sanitary Sewer Collection Line Trust Fund to reimburse the developer per the agreements. (District 3)