File #: 23-1726    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 10/18/2023 In control: City Council
On agenda: 12/5/2023 Final action: 12/12/2023
Title: Ordinance authorizing an amendment to the Participation Agreement with MPM Development, L.P., originally executed on December 7, 2018, to extend the contract term to December 6, 2024, and to increase City Participation by $167,107.72 for a total not to exceed $352,113.09 for the construction of Oso Parkway for residential development, Royal Creek Estates Unit 8, located south of Yorktown Boulevard and east of Cimarron Boulevard.; and amending the operating budget by transferring $167,107.72 from the Public Works (Street) Fund to the Development Services Fund.
Sponsors: Development Services
Attachments: 1. Agenda Memo - Royal Estates Unit 8, 2. Ord - Amend Part Agree Royal Creek Estates Unit 8 - 11.21.pdf, 3. CC7-Location Map - Royal Creek Estates Unit 8, 4. 3rd Amendment Participation Agreement - Royal Creek Unit 8, 5. CC5-Presentation wo notes-Royal Creek Unit 8 Part 3rd Amend

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Ordinance authorizing an amendment to the Participation Agreement with MPM Development, L.P., originally executed on December 7, 2018, to extend the contract term to December 6, 2024, and to increase City Participation by $167,107.72 for a total not to exceed $352,113.09 for the construction of Oso Parkway for residential development, Royal Creek Estates Unit 8, located south of Yorktown Boulevard and east of Cimarron Boulevard.; and amending the operating budget by transferring $167,107.72 from the Public Works (Street) Fund to the Development Services Fund.