Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to Enter into an Escrow and Utility Impact Fee Credit Agreement with HRC WCD Partners, L.P. for the Construction of the Stover Creek Interceptor Sewer
Summary
COUNCIL GOAL: Direction for Strategic and Economic Growth
MEETING DATE: December 5, 2017
DEPARTMENT: Development Services/Engineering
CONTACT: Michael Hebert, PE, Assistant Director of Engineering
RECOMMENDED CITY COUNCIL ACTION:
* Approval of the Resolution
ITEM SUMMARY:
* This Resolution authorizes the City Manager to enter into an agreement with HRC WCD Partners, L.P. for the construction of the Stover Creek Interceptor Sewer.
* This sewer is to be installed along Stover Creek from its current terminus near the intersection of Wilmeth Road and future Ridge Road (CR 124 and CR 161) to Bloomdale Road. The location is shown on the attached location map.
* The City of McKinney has a current Capital Improvements Program (CIP) project to partner with the development community to construct a sewer line in Stover Creek. This CIP project has been approved since 2009.
* A portion of the sewer (Phase I) was constructed in 2016 through a partnership with the Wilmeth-Ridge development.
* The proposed Highland Lakes developer desires to partner with the city to extend the sewer to Bloomdale Road as shown on the attached exhibit.
* This agreement authorizes the City of McKinney to bid the project based on plans designed by the developer's engineer. Costs for the design were borne by the developer.
* After the bid, the developer will be required to escrow (with the City) his portion of the construction cost plus 25% for any unanticipated costs.
* All easements are to be acquired by the developer at no cost to the City. In the event it becomes necessary to use the City's power of eminent domain, acquisitions will be handled by the City. The use of eminent domain associated with this portion of the Stover Creek Sewer was approved b...
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