From
Ron McCuller
Title
Developer agreement with WM SUB GT, LP for the installation of a portion of the South Sector Water Transmission Line in an amount not to exceed $1,500,000 for Developer reimbursement of oversizing costs and Impact Fee credits for a basic 12" water line
Presenter
Gabe Johnson, Public Works Director
Recommended Action
Approve
Analysis
The City typically provides the means to provide treated water for developing areas, to include storage, pumping and water transmission. Such facilities are planned for the South Sector Developments and provided for in the Capital Improvements Program.
In order to serve the South Sector we have established a contract for the purchase of treated water from Mansfield and funded and built a water transmission line that brings water from the Mansfield water treatment plant to the northwestern corner of the South Sector just east of SH 360 and south of the Ellis-Tarrant County lines. This agreement provides for reimbursement to the developer of the proposed Greenway Trails subdivision for building the next phase of the needed transmission line from the existing terminus to US 287. The will provide water to the annexed area of the city located east of SH 360 and north of US 287.
The terms of the agreement provide a reimbursement of actual costs not to exceed $1,500,000 to the Developer for oversizing of the standard 12" line to 18" and 24" lines. Additional reimbursement will be provided by providing future impact fee credits per lot until the costs of the 12" line are reimbursed.
The City Council Development Committee reviewed this item at their March 19, 2018 meeting and recommended it to Council for approval.
Financial Consideration
Funding for a developer agreement with WM SUB GT, LP for the installation of a portion of the South Sector Water Transmission Line, in the amount not to exceed of $1,500,000 for Developer Reimbursement of Oversizing Costs and Impact fee Credits for a Basic 12" W...
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