File #: 23-0005    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 12/6/2022 In control: City Council
On agenda: 12/20/2022 Final action: 1/10/2023
Title: Ordinance authorizing a Water Arterial Transmission Grid Main Construction Reimbursement Agreement (“Agreement”) up to $471,488.10 with Cypress Point Capital, LLC (“Developer”) to construct a required water arterial transmission grid main line for the proposed residential development located South of Farm Road 2444 on County Road 43, otherwise known as Caroline’s Heights Unit 1; and authorizing future transfer and appropriation of Water and Wastewater Trust Fund revenue up to $471,488.10 to reimburse the developer in accordance with the agreement.
Sponsors: Development Services
Attachments: 1. Agenda Memo-Caroline's Heights Unit 1, 2. Ordinance - Caroline Heights (With Exhibits), 3. Presentation - Caroline's Heights Unit 1, 4. Caroline's Heights Unit 1-map

Title

Ordinance authorizing a Water Arterial Transmission Grid Main Construction Reimbursement Agreement (“Agreement”) up to $471,488.10 with Cypress Point Capital, LLC (“Developer”) to construct a required water arterial transmission grid main line for the proposed residential development located South of Farm Road 2444 on County Road 43, otherwise known as Caroline’s Heights Unit 1; and   authorizing future transfer and appropriation of Water and Wastewater Trust Fund revenue up to $471,488.10 to reimburse the developer in accordance with the agreement.