HomeMy WebLinkAboutOrdinances (O-04-1452)-03/16/2004
ORDINANCE 0-04-1452
AN ORDINANCE APPROVING THE DEVELOPER PARTICIPATION IN CONTRACT
FOR PUBLIC IMPROVEMENTS BETWEEN EMERALD PARK RESIDENTIAL
DEVELOPMENT, L TO AND THE CITY OF COLLEYVILLE, TEXAS FOR THE
EMERALD PARK ADDITION
WHEREAS, Emerald Park Residential Development, 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 the Emerald Park Addition, 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.
Sec. 2.
Sec. 3.
Sec. 4.
Sec. 5.
Sec. 6.
THAT the Developer shall construct the improvements and the City shall
participate in their cost.
THAT the City's total cost participation (not to exceed $114,408.00) does
not exceed thirty percent (30%) of the total contract price.
THAT roadway impact fees will be paid for each lot and the Developer will
be reimbursed on a semi-annual basis as funds become available.
THAT the Developer must execute a performance bond for the
construction of the improvements to ensure completion of the project, said
bond must be executed by a corporate surety in accordance with Chapter
2253, Government Code.
THAT the City shall be reimbursed by the Developer the total cost
participation by the City if City finds there was any undue loading of cost,
collusion, or fraud.
THAT all of the Developer's books and other records related to the project
shall be available for inspection by the City.
Ordinance 0-04-1452
Page 2 of 2
AND IT IS SO ORDERED.
The first :~ding and public hearing being conducted on the ~ d day of
~( 2004.
The secon reading and public hearing being conducted on the /f hf day of
2004.
Cynthia Singleton, TRMC
City Secretary
h~ry~
A1f~~~9VEj/7' D AS TO FORM AND LEGALITY:
, .-" .... ... . . .....
~ ..
Ross T. Foster
City Attorney