HomeMy WebLinkAboutCity Council Resolutions (RESOLUTION R-16-4045)-10/18/2016RESOLUTION R-16-4045
A RESOLUTION APPROVING A CITY-DEVELOPER AGREEMENT
WITH M/I HOMES OF DFW, LLC, FOR THE PURPOSES OF THE
REIMBURSEMENT OF THE CONSTRUCTION COSTS OF THE
WATERLINE CONNECTION ASSOCIATED WITH THE CREEKSIDE
AT COLLEYVILLE DEVELOPMENT-PHASE 5 AND AUTHORIZE THE
CITY MANAGER TO EXECUTE THE AGREEMENT
WHEREAS, the City Council approved Ordinance 0-13-1899 approving
the Creekside at Colleyville development; and
WHEREAS, M/I Homes of DFW, LLC, the developer, in the process of
constructing Creekside at Colleyville - Phase 5 development
identified public infrastructure that did not exist; and
WHEREAS, M/I Homes of DFW, LLC, chose to proceed with the
construction of the additional public infrastructure prior to
having an approved reimbursement agreement; and
WHEREAS, M/I Homes of DFW, LLC is requesting reimbursement of
associated costs incurred in the construction of the additional
public infrastructure in the attached Exhibit "A", labeled
City/Developer Agreement (CDA).
NOW, THEREFORE, BE IT RESOLVED BY CITY COUNCIL OF THE
CITY OF COLLEYVILLE, TEXAS:
Sec. 1. THAT the CDA between M/I Homes of DFW, LLC, and the City
of Colleyville for the reimbursement of the associated costs
incurred in the construction of the additional public
infrastructure to Creekside at Colleyville - Phase 5, attached
as Exhibit "A", is hereby approved.
Sec. 2. THAT the CDA shall be executed upon the signature of the
city manager.
AND IT IS SO RESOLVED.
APPROVED BY A VOTE OF � AYES, D NAYS, AND � ABSTENTIONS ON
THIS THE 18T" DAY OF OCTOBER 2016.
Resolution R-16-4045
Page 2 of 2
Mayor Richard Newton �_ Mayor Pro Tem Chris Putnam �
Place 1, Tammy Nakamura Q� Place 5, Nancy Coplen (a�.`
Place 2, Bobby Lindamood � Place 6, Mike Taylor �
Place 4, Jody Short
�Shelley, '
Secretary
CITY OF COLLEYVILLE
���1 `""��
Richard Newton
Mayor