Title
Consider/Discuss/Act on Authorizing the City Manager to Execute the First Amendment to the 2012 Development Agreement with CH-B Trinity Falls, LP
Summary
MEETING DATE: February 4, 2014
DEPARTMENT: Development Services/Engineering
CONTACT: Barry Shelton, Executive Director of Development Services
Mark Houser, City Attorney
RECOMMENDED CITY COUNCIL ACTION:
· Approval of the Agreement
ITEM SUMMARY:
· This item authorizes the following revisions to the 2012 Agreement with Trinity Falls:
o Proposed amendments to the agreement to be consistent with the recently approved agreements allowing North Collin Water Supply Corporation (NCWSC) to provide water for the initial phases of the development.
o Proposed amendments to allow the deferral of required screening and buffering for a three month period. This change has been proposed to avoid the need for multiple deferral agreements throughout the many phases of the Trinity Falls project.
BACKGROUND INFORMATION:
· Trinity Falls is nearing completion of the first phase of the subdivision.
· These revisions are necessary in order to accept the public improvements and defer the landscaping requirements based on City ordinances.
· The agreements with NCWSC were approved in December, authorizing NCWSC to provide water for the first 450 homes within Trinity Falls. These agreements:
o Created a method to avoid flushing a significant amount of water during the early phases of construction.
o Reduced costs to both the developer and the City by deferring the installation of major water system improvements.
o Created cooperation between the City of McKinney and NCWSC, benefitting customers of both water providers.
FINANCIAL SUMMARY:
· No negative financial impacts to the City of McKinney are anticipated due to the provisions of this agreement.
BOARD OR COMMISSION RECOMMENDATION:
· N/A