HomeMy WebLinkAbout033507 RES - 10/29/2024Resolution authorizing a Developer Participation Agreement with LSK
Development, LLC to reimburse the developer up to $267,118.47 for the
construction of Oso Parkway within Azali Estates Unit 3 subdivision. (District
4)
WHEREAS, the Developer is oversizing by constructing Oso Parkway as P-1
Parkway collector street in lieu of 28' residential street; and
WHEREAS, the City has determined the agreement will carry out the purpose of
the Unified Development Code;
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
TEXAS, THAT:
SECTION 1. The City Manager or designee is authorized to execute a developer
participation agreement ("Agreement") with LSK Development, LLC ("Developer") to
reimburse the developer up to $267,118.47 for the oversizing required for Oso Parkway
within Azali Estates Unit 3, Corpus Christi, Nueces County, Texas.
PASSED and APPROVED on the ' \ lii\day of ULNu , 2024.
Paulette Guajardo, ayor
ctAi
T:
Rebecca
uer a, City Secretary
033507
SCANNED
CITY OF CORPUS CHRISTI
CERTIFICATION OF FUNDS
(City Charter Article IV, Sections 7 & 8)
I, the Director of Financial Services of the City of Corpus Christi, Texas (or his/her duly
authorized representative), hereby certify to the City Council and other appropriate
officers that the money required for the current fiscal year's portion of the contract,
agreement, obligation or expenditure described below is in the Treasury to the credit of
the Fund specified below, from which it is to be drawn, and has not been appropriated for
any other purpose. Future payments are subject to annual appropriation by the City
Council.
City Council Action Date: 10/29/2024 Legistar Number: 24-1733
Agenda Item:
Resolution authorizing a Developer Participation Agreement with LSK Development, LLC
to reimburse the developer up to $267,118.47 for the construction of Oso Parkway within
Azali Estates Unit 3 subdivision. (District 4)
Amount Required: (Amount to be Certified) $ 267,118.47
Funding Detail:
Fund: 1041 (Streets)
Department: 33 (Streets)
Organization: 11112 (Purchases with Short Term Debt)
Project: Azali Estates Unit 3 Participation Agreement
Account: 530000 (Professional Services)
Amount: $267,188.47
❑ Certification Not Required
Director of Financial Services
1
(O4'2'f
Date: