File #: 22-0290    Version: 1 Name:
Type: Public Hearing / First Reading Status: Second Reading
File created: 2/9/2022 In control: City Council
On agenda: 3/22/2022 Final action: 3/22/2022
Title: Ordinance authorizing a Water Arterial Transmission Grid Main Construction and Reimbursement Agreement (“Agreement”) for up to $471,448.10 with Cypress Point Capital, LLC (“Developer”) for the construction of a water arterial transmission grid main line for a proposed residential and commercial development located South of Farm Road 2444 on County Road 43 with a completion date of within 24 months; transferring $76,510.32 from the Sewer Trunk System Trust and $79,036.81 from the Water Distribution Main Trust to the Water Arterial Transmission & Grid Main Trust Fund to reimburse $471,448.10 the developer in accordance with the agreement.
Sponsors: Development Services
Attachments: 1. Agenda Memo-Caroline's Heights Unit 1(002), 2. Ordinance-Caroline's Heights Unit 1 w Exhibits, 3. Presentation-Caroline's Heights Unit 1, 4. Location Map of Caroline Heights

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Ordinance authorizing a Water Arterial Transmission Grid Main Construction and Reimbursement Agreement (“Agreement”) for up to $471,448.10 with Cypress Point Capital, LLC (“Developer”) for the construction of a water arterial transmission grid main line for a proposed residential and commercial development located South of Farm Road 2444 on County Road 43 with a completion  date of within 24 months; transferring $76,510.32 from the Sewer Trunk System Trust and $79,036.81 from the Water Distribution Main Trust to the Water Arterial Transmission & Grid Main Trust Fund to reimburse $471,448.10 the developer in accordance with the agreement.