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Title
Developer Participation Agreement with Weeks-Robinson for the construction of an oversized storm drain under SH303 in the not to exceed amount of $168,650
Presenter
Bill Crolley, Executive Director of Planning and Development
Recommended Action
Approve
Analysis
Weeks-Robinson is in the process of developing a 300,000 square foot building in an industrial park on SH303. The development also encroached into the floodplain of the south branch of Cottonwood Creek. The engineer of records, Pacheco Koch, has provided a floodplain development permit with a flood study. The study has been reviewed and accepted by Staff and the floodplain developer permit was released in March of this year in anticipation of the project construction and the improvements to the drainage system. This developer agreement will allow the oversizing of the storm drain under SH 303 for the south branch of Cottonwood Creek to address the potential overtopping of SH303 at the 100 year storm event. This section of Cottonwood Creek under SH303 has been identified as an area that needs improvement to accommodate the 100 year storm and potential flooding. We believe partnering with the Developer is a good leverage of our dollars for this improvement. The total cost for the improvement is $727,640 and we are only participating in $168,650 of the funding. The balance of $558,990 will be paid by the Developer.
Weeks-Robinson and the City have drafted a Developer Participation Agreement for City Council consideration. The Developer will construct the oversized storm drain and the City will reimburse the Developer for a maximum amount of $168,650. Inspection of the construction will be performed by TxDOT.
Financial Consideration
Funding for developer participation agreement for the construction of an oversized storm drain under SH303 at Cottonwood Creek in the amount of $168,650 is available in the Storm Drainage Capital Projects Fund (401592) WO #01506303 (FY 15 Developer ...
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