HomeMy WebLinkAboutOrdinances (O-00-1254)-11/21/2000
ORDINANCE 0-00-1254
AN ORDINANCE APPROVING THE DEVELOPER PARTICIPATION IN CONTRACT
FOR PUBLIC IMPROVEMENTS BETWEEN FOXCREEK RESIDENTIAL
DEVELOPMENT LTD. AND THE CITY OF COLLEYVILLE, TEXAS FOR REMINGTON
PARK, PHASE III ADDITION
WHEREAS, Larry Cole Investments (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 Remington Park Addition -
Phase III, 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.
THAT the Developer shall construct the improvements and the City shall
participate in their cost.
THAT the City's total cost participation ($124,936.05) does not exceed
thirty percent (30%) of the total contract price.
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 0-00-1254
Page 2 of 2
AND IT IS SO ORDERED.
The first reading and public hearing being conducted on the 8~ day of
7r7f1A'nWc ) , 2000.
The ~econd. readi?g and public hearing being conducted on the o2L ~ day of
7n;--~ ,2000.
ATTEST:
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CITY OF COLLEYVILLE
Cynthia Singleton
City Secretary
APPR VED AS TO FORM AND LEGALITY:
Ross 1. F ter
City Attorney