Title
Consider/Discuss/Act on a Development Agreement with Encore Wire Corporation Regarding the Extension and Construction of a New Right-of-Way Extending from the Terminus of Gerrish Street to the Terminus of Bumpas Street
Summary
MEETING DATE: October 19, 2010
DEPARTMENT: Development Services - Planning
CONTACT: John Kessel, Executive Director of Development Services
Jennifer Cox, AICP, Director of Planning
Brandon Opiela, Senior Planner
RECOMMENDED CITY COUNCIL ACTION: Staff recommends approval of the agreement.
ITEM SUMMARY:
This agreement will allow for the unimproved Bumpas Street right-of-way (which is located over and across the subject property owned by Encore Wire Corporation) to be vacated by the City and acquired by Encore Wire Corporation in exchange for the future dedication of right-of-way, design, and construction of the Gerrish Street extension and all related appurtenances, at the time any portion of the subject property is record platted and filed with the Collin County Clerkâs office.
The City will retain an easement underneath the unimproved portion of Bumpas Street for sanitary sewer lines and all related appurtenances between Elm Street on the south and Bumpas Street on the north, which is more fully depicted on Exhibit A of the agreement and on the associated preliminary-final plat (10-047PF) being considered concurrently by City Council.
Staff is supportive of the vacation of unimproved Bumpas Street (10-022AA), provided that another means of connectivity and emergency access is provided between Gerrish Street and Bumpas Street.
If in the future an alternate alignment of proposed Gerrish Street is determined to be more appropriate, Encore Wire Corporation and the City of McKinney may agree on a new alignment and a revised plat may be submitted.
An executed copy of the agreement, signed by Encore Wire Corporation, has been provided as an attachment.
BACKGROUND INFORMATION:
The Bumpas Street right-of-way is currentl...
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