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Home My WebLink About033729 RES - 09/02/2025Resolution authorizing a Developer Participation Agreement with MPM Development, LP to reimburse the developer up to $735,789.32 for the construction of the Oso Parkway Drainage Crossing at the Cimarron Ditch for the development of Royal Creek Estates Subdivision (District 5) WHEREAS, the City requires the oversizing of improvements for the installation of a drainage crossing to facilitate the continuation of Oso Parkway. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: 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 $735,789.32 for the construction of the Oso Parkway Drainage Crossing at the Cimarron Ditch for the development of Royal Creek Estates Subdivision, Corpus Christi, Nueces County, Texas. ',, " / P SE and APPROVgD on the day of 'tAN\O V , 2025. Paulette Guajardo, Mayo Rebecca Huerta, City Secretary 033 729 i 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: 09/02/2025 Legistar Number: 25-1261 Agenda Item: Resolution authorizing a Developer Participation Agreement with MPM Development, LP to reimburse the developer up to $735,789.32 for the construction of the Oso Parkway Drainage Crossing at the Cimarron Ditch. (District 5) Amount Required: (Amount to be Certified) $735,789.32 Funding Detail: Fund: 4300 Storm Water Fund Department: 47 Storm Water Organization: 32000 Storm Water Administation Project: Oso Parkway Drainage Crossing Participation Agreement Account: 520130 Maintenace and Repairs Amount: $735,789.32 ❑ Certification Not Required Director of Financial Services 1 q--D -DODS Date: