HomeMy WebLinkAboutC2025-217 - 10/22/2025 - NA FOURTH 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/Owner may be reimbursed when assets of the Wastewater
Trunk System Trust Fund are sufficient, authorized for such purpose, and the Developer 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 2018053884, for Royal Creek Unit 8, originally
dated December 6, 2018, 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 6 and Subsection e of Section 9 as follows:
6. DEVELOPER AWARD CONTRACT FOR IMPROVEMENTS
The Developer shall award a contract and complete the improvements to the Grid Main Extension
under the approved plans and specifications by December 6, 2026.
9. DEFAULT
e. Developer/Owner's contractor fails to complete construction of the project under the
approved plans and specifications on or before December 6, 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.
CORPUS C RISTI MPM DEV ENT, L.P.
Michael Dice Mos s Mostaghasi
Director of Development Services General Partner
APPR VED AS TO FORM:
.644.4
Buck Brice (Date)
Deputy City Attorney
For City Attorney
SCANNED