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HomeMy WebLinkAboutOrdinances (O-03-1427)-10/20/2003 ORDINANCE 0-03-1427 AN ORDINANCE AUTHORIZING THE APPROVAL OF A CITY-DEVELOPER AGREEMENT WITH WESTGATE VILLAS, LTD., FOR ROSEWOOD VILLAS WHEREAS, Westgate Villas, Ltd., (Developer) shall construct public improvements and the City of Colleyville, Texas shall participate in the cost as determined by municipal ordinance under Subchapter C. Developers Participation in Contract for Public Improvements, Local Government Code, State of Texas; and WHEREAS, the City of Colleyville and Developer hereby entered into a City-Developer Agreement/Contract for Rosewood Villas, which specifies certain construction costs that the City has agreed to participate in with the Developer. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS: Sec. 1. THAT the Developer shall construct the improvements and the City shall participate in their cost. Sec. 2. THAT the City's total cost participation of $49,541.98 does not exceed thirty percent (30%) of the total contract. Sec. 3. THAT all of the Developer's books and other records related to the project shall be available for inspection by the City. AND IT IS SO ORDERED. The first reading and public hearing being conducted on the /)()r ~ 2003. ~econd read;ng and pubne hearing be;ng conducted on the .A;~ 2003. ?~ day of o2I-r-day of fi~~~ Cynthia Singleton, TRMC City Secretary APPROVED AS TO FORM AND LEGALITY: ~/ Ross 1. Foster City Attorney Ordinance 0-03-1427 Page 2 of 2 CITY OF COLLEYVILLE