Loading...
HomeMy WebLinkAbout033776 ORD - 10/14/2025Ordinance authorizing a Developer Participation Agreement with Braselton Development Company, LTD to reimburse the developer up to $339,859.93 for the construction of the Lady Claudia St Drainage Crossing for the development of London Towne Subdivision Unit 12. (District 3) WHEREAS, the Developer is constructing public improvements for London Towne Subdivision Unit 12 ("Subdivision"); WHEREAS, the Developer is oversizing improvements for the installation of a drainage crossing to facilitate the continuation of Lady Claudia Street ("Public Improvements"); and WHEREAS, the Developer and the City seek to enter into a contract to construct public improvements, and such contract meets the requirements of Texas Local Government Code §§ 212.071-212.074. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS, THAT: SECTION 1. The recitals contained in the preamble of this Ordinance are determined to be true and correct, are hereby adopted by the City Council, and made a part hereof for all purposes as findings of fact. SECTION 2. The City Manager or designee is authorized to execute a developer participation agreement with Braselton Development Company, Ltd., for an amount not to exceed $339,859.93 to construct the Public Improvements, including all related appurtenances, for the development of the Subdivision. SECTION 3. This Ordinance shall become effective upon passage. Introd • and voted on the 1 day of 00ka\)-'2( , 2025. PpSED an APPROVED on the tt-k day of (A\./mot/, 2025. Paulette Guajardo, M ebbcca Huerta, it Secretary 033776 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: 10/07/2025 Legistar Number: 25-1323 Agenda Item: Ordinance authorizing a Developer Participation Agreement with Braselton Development Company, LTD to reimburse the developer up to $339,859.93 for the construction of the Lady Claudia St Drainage Crossing for the development of London Towne Subdivision Unit 12. (District 3) Amount Required: (Amount to be Certified) $339,859.93 Funding Detail: Fund: 1041 Streets Department: 33 Streets Organization: 11112 Purchases with Short Term Debt Project: London Towne - Lady Claudia Drainage Crossing Participation Agreement Account: 530000 Professional Services Amount: $339,859.93 Fiscal Year: 2026 ❑ Certification Not Required (i(jOe- icf-) S \\\ Director of Financial Services Date: 1