HomeMy WebLinkAboutOrdinances (O-05-1515)-03/01/2005
ORDINANCE 0-05-1515
AN ORDINANCE APPROVING THE DEVELOPER PARTICIPATION IN CONTRACT
FOR PUBLIC IMPROVEMENTS BETWEEN ICI DEVELOPMENT, LLC, AND THE
CITY OF COLLEYVILLE, TEXAS FOR THE BELDON HOLLOW ADDITION
WHEREAS, ICI Development, LLC, ("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 and the Texas Local I
Government Code; and
I
WHEREAS, the City of Colleyville and Developer have agreed to enter into a City-I
Developer Agreement/Contract for the Beldon Hollow 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 . THAT all matters stated hereinabove are found to be true and correct and I
are incorporated herein by reference as if copied in their entirety.
Sec. 2.
THAT the Developer shall construct the improvements as shown on the
approved construction plans titled "Paving, Drainage, Water & Sanitary
Sewer Construction Plans for Beldon Hollow" prepared by Goodwin and I
Marshall, Inc. (the "Improvements") and the City shall participate in their
cost in accordance with City Ordinance and State law.
Sec. 3.
THAT the City's total cost participation (not to exceed $50,000) shall not
exceed thirty percent (30%) of the total cost of the Improvements.
Sec. 4.
THAT all of the Developer's books and other records related to the
Improvements shall be available for inspection by the City.
Sec. 5.
THAT the Mayor is authorized to execute a City-Developer Agreement
between the City and Developer in accordance with the provisions herein.
AND IT IS SO ORDERED.
The first reading and public hearing being conducted on the ~ ~ day of
~~2005.
The second reading and public hearing being conducted on the /..s:r day of
r'S 2005.
~~~~
Cynthia Singleton, TRMC
City Secretary
APPROVED AS TO FORM AND LEGALITY:
~ '\p. ~~
Matthew C.G. Boyle
City Attorney
Ordinance 0-05-1515
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