HomeMy WebLinkAboutOrdinances (O-00-1242)-09/19/2000
ORDINANCE 0-00-1242
AN ORDINANCE APPROVING THE DEVELOPER PARTICIPATION IN CONTRACT
FOR PUBLIC IMPROVEMENTS BETWEEN GOODACRE LIMITED PARTNERSHIP
AND THE CITY OF COLLEYVILLE, TEXAS FOR WESTMONT ADDITION
WHEREAS, Goodacre Limited Partnership (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 AgreemenUContract for the Westmont 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 ($13,438.75) does not exceed thirty
percent (30%) of the total contract price.
THAT the City's participation in the oversizing of public improvements
required by the City does not exceed one hundred percent (100%) of the
total costs of the oversizing so required.
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 0-00-1242
Page 2 of 2
AND IT IS SO ORDERED.
T~ _~5f~.::~ng and public hearing being conducted on the ~ day of
~~/Y ,2000.
~~e;png and public hearing being conducted on the ]<1-b day of
,2000.
ATTEST:
CITY OF COLLEYVILLE
g~p~
City Secretary
Dj(~~
Mayor
Ross T. Foster
City Attorney