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HomeMy WebLinkAboutC2025-216 - 10/22/2025 - NA SIXTH AMENDMENT OF WATER ARTERIAL TRANSMISSION AND GRID MAIN CONSTRUCTION AND REIMBURSEMENT AGREEMENT WHEREAS, the Water Arterial Transmission and Grid Main Trust Fund does not currently have sufficient funds to reimburse the Developer/Owner for Wastewater Improvements fully; and WHEREAS, the Developer may be reimbursed when assets of the Wastewater Trunk System Trust Fund are sufficient, authorized for such purpose, and the Developer/Owner has priority per UDC §8.5.2. E. This is an amendment to the Water Arterial Transmission and Grid Main Construction and Reimbursement Agreement, Document number 2017048024, for Royal Creek Unit 7, originally dated November 7, 2017, by and between MPM Development, L.P. and the City of Corpus Christi. NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree to amend the Water Arterial Transmission and Grid Main Construction and Reimbursement Agreement, Section 5 as follows: 5. DEVELOPER AWARD CONTRACT FOR IMPROVEMENTS The Developer shall award a contract and complete the improvements to a 12-inch water line under the approved plans and specifications by November 7, 2026. All other terms and conditions of the original agreement, with amendments, remain effective and in full force. EXECUTED IN ONE ORIGINAL and made effective this 22 day of October , 2025. OF CORPUS CHR Tl MPM D EL ME T, L.P. ael Dice Mo es Mostaghasi Director of Development Services Gene I Partner APPROVED AS TO FORM: 1444 Buck Brice (Dat Deputy City Attorney For City Attorney SCANNED