Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to Execute a Utility Impact Fee Credit, Easement Acquisition, and Pro Rata Agreement with McKinney Ranch, LTD., for the Construction of an Oversized Sanitary Sewer Main, in Order to Serve an Approximately 254 Acre Tract, Generally Located on the South Side of F.M. 543 and on the East Side of C.R. 201
Summary
COUNCIL GOAL: Direction for Strategic & Economic Growth
MEETING DATE: April 17, 2018
DEPARTMENT: Development Services
CONTACT: Michael Hebert, P.E., Assistant City Engineer
Brandon Opiela, Development Manager
RECOMMENDED CITY COUNCIL ACTION:
* Approval of the Resolution
ITEM SUMMARY:
* This item authorizes the City Manager to enter into an agreement with McKinney Ranch, LTD., regarding impact fee credits and cash reimbursement for costs incurred by the oversizing of a master planned sanitary sewer main, serving an approximately 254 acre tract ("Property"). The proposed agreement also defines a process for easement acquisition and pro rata reimbursement, associated with the construction of the sanitary sewer main, detailed further below.
* This sewer line improves opportunities for development of approximately 2,300 acres within city limits.
* The cost estimate of the items associated with the construction of the 36" diameter sanitary sewer main and related appurtenances is $2,245,365.28.
* The proposed agreement stipulates that the City agrees to participate in the cost of construction for the oversized portion of the wastewater main (36" diameter), up to $1,018,592.43, which is the estimated difference between the costs of the oversized main and the cost to construct the City's minimum standard 12" diameter main that would otherwise be sufficient to serve the Property.
* Funds from WW4354 (Undesignated Oversize Participation) will be used to fulfill the obligations of the oversize reimbursement. The total reimbursement (not to exceed $1,018,592.43) shall be through a...
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