HomeMy WebLinkAbout033508 RES - 10/29/2024Resolution authorizing a Developer Participation Agreement with MPM
Development, LP to reimburse the developer up to $547,497.18 for the
construction of Oso Parkway within Starlight Estates Unit 8 subdivision.
(District 4)
WHEREAS, the Developer is oversizing by constructing P-1 Parkway collector 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 MPM Development, LP to reimburse the
developer up to $547,497.18 for the oversizing required for Oso Parkway within Starlight
Estates Unit 8, Corpus Christi, Nueces County, Texas.
PASSED and APPROVED on the
Paulette Guajardo, ayor
day of ULl v CPV , 2024.
TEST:
aecca Huerta,
ity Secretary
036508
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: 24-1734
Agenda Item:
Resolution authorizing a Developer Participation Agreement with MPM Development, LP
to reimburse the developer up to $547,497.18 for the construction of Oso Parkway within
Starlight Estates Unit 8 subdivision. (District 4)
Amount Required: (Amount to be Certified) $ 547,497.18
Funding Detail:
Fund: 1041 (Streets)
Department: 33 (Streets)
Organization: 11112 Purchases with Short Term Debt
Project: Starlight Estates Unit 8 Participation Agreement
Account: 530000 (Professional Services)
Amount: $547,497.18
❑ Certification Not Required
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Director of Financial Services Date:
1