HomeMy WebLinkAbout033621 RES - 04/08/2025Resolution authorizing a Developer Participation Agreement with MPM
Development, LP to reimburse the developer up to $408,644.40 for the City's
share of the cost to construct Lady Alexa Drive with Roller Compacted
Concrete for the King's Landing Unit 10 subdivision. (District 3)
WHEREAS, the Developer is oversizing by constructing Lady Alexa Dr as C-
3 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 MPM Development, LP, ("Developer") to
reimburse the developer up to $408,644.40 for the City's portion of the cost to construct
the street infrastructure improvements for the development of King's Landing Unit 10,
Corpus Christi, Nueces County, Texas.
PASSED and APPROVED on the (-0\day of f\V \ , 2025.
Paulette Guajardo, M
eb-cca Huerta, City Secretary
033621
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: April 8, 2025 Legistar Number: 25-0440
Agenda Item:
Resolution authorizing a Participation Agreement ("Agreement") with MPM
Development, LP ("Developer") for the City's share of the cost for the oversizing of
the PCCP/RCCP street infrastructure improvements on Lady Alexa not to exceed
$408,644.40 for the development known as King's Landing Unit 10, located north
of Lady Alexa Dr and west of London Pirate Road (District 3).
Amount Required: (Amount to be Certified) $ 408,644.40
Funding Detail:
Fund: 1041 (Streets)
Department: 33 (Streets)
Organization: 11112 (Purchases with Short Term Debt)
Project: King's Landing Unit 10 Participation Agreement
Account: 530000 (Professional Services)
Amount: $408,644.40
Fiscal Year: 2025
❑ Certification Not Required
Director of Financial Services
1
Date: