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HomeMy WebLinkAboutCity Council Resolutions (RESOLUTION R-16-4046)-10/18/2016RESOLUTION R-16-4046 A RESOLUTION APPROVING A CITY/DEVELOPER AGREEMENT WITH MAINVUE TX, LLC, FOR THE REIMBURSEMENT OF THE CONSTRUCTION COSTS OF THE WATER LINE ALONG CHEEK-SPARGER ROAD ASSOCIATED WITH THE CREEKSIDE AT COLLEYVILLE DEVELOPMENT-PHASE 3 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, Mainvue TX, LLC, the developer, in the process of constructing Creekside at Colleyville - Phase 3 development identified public infrastructure that did not exist along Cheek-Sparger Road; and WHEREAS, Mainvue TX, LLC, chose to proceed with the construction of the additional public infrastructure prior to having an approved reimbursement agreement; and WHEREAS, Mainvue TX, LLC, is requesting reimbursement of associated costs incurred in the construction of the additional public infrastructure along Cheek-Sparger Road 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 Mainvue TX, LLC, and the City of Colleyville for the reimbursement of the associated costs incurred in the construction of the additional public infrastructure along Cheek-Sparger Road to Creekside at Colleyville - Phase 3, 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, O NAYS, AND A ABSTENTIONS ON THIS THE 18T" DAY OF OCTOBER 2016. Resolution R-16-4046 Page 2 of 2 Mayor Richard Newton ,� Mayor Pro Tem Chris Putnam �.__ Place 1, Tammy Nakamura Place 5, Nancy Coplen p�,� Place 2, Bobby Lindamood �.` Place 6, Mike Taylor �,G Place 4, Jody Short �,� ATTEST: Amy ' elley, MC City Secretary CITY OF COLLEYVILLE �-G� �- Richard Newton Mayor