File #: 19-0484    Version: Name:
Type: Ordinance Status: Passed
File created: 4/1/2019 In control: City Council
On agenda: 4/16/2019 Final action: 4/23/2019
Title: First Reading Ordinance - Approving a Developer Agreement for Park Road 22 Bridge Ordinance appropriating $4,000,000 from the TIRZ #2 fund for construction of the Park Road 22 Bridge; and approving a developer agreement with Diamond Beach Holdings, LLC and Padre Island Holdings, LLC, which certifies the availability of $11,696,319.50 for the construction of the Park Road 22 Bridge and requires the award of the construction contract for the bridge after the third-party canal is completed.
Sponsors: Assistant City Manager, Engineering Services
Attachments: 1. Agenda Memo - PR 22 Developer Agreement 04.09.pdf, 2. Ordinance PR 22 Developer Agreement, 3. Developer Agreement Final 03.22.19

Title

First Reading Ordinance - Approving a Developer Agreement for Park Road 22 Bridge

 

Ordinance appropriating $4,000,000 from the TIRZ #2 fund for construction of the Park Road 22 Bridge; and approving a developer agreement with Diamond Beach Holdings, LLC and Padre Island Holdings, LLC, which certifies the availability of $11,696,319.50 for the construction of the Park Road 22 Bridge and requires the award of the construction contract for the bridge after the third-party canal is completed.