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HomeMy WebLinkAbout033799 ORD - 11/18/2025Ordinance authorizing a Developer Participation Agreement with MPM Development, LP to reimburse the developer up to $944,506.80 for the City's share of the cost to construct Lady Alexa Drive and Castle Black Drive with Roller Compacted Concrete for the King's Landing Unit 11 subdivision in accordance with the Pilot Program for Roller Compacted Concrete Roadway Improvements. (District 3) WHEREAS, the Developer is oversizing by constructing Lady Alexa Dr and Castle Black Drive as C-3 collector street in lieu of 28' residential street; WHEREAS, the City has determined the agreement will carry out the purpose of the Unified Development Code; 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 MPM Development, LP, ("Developer") to reimburse the developer up to $944,506.80 for the City's portion of the cost to construct Lady Alexa Drive and Castle Black Drive with Roller Compacted Concrete for the development of King's Landing Unit 11, Corpus Christi, Nueces County, Texas. SECTION 3. This Ordinance shall become effective upon passage. I �1 Introduced and voted on the ` day of tv 1)`,(Z-- , 2025. P SSED a • APPROVy on the I `day of Iwo `�"!� , 2025. TES : Paul- "te Guajardo, May Rebecca Huerta, C y Secretary SCANNED 033799 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: November 11, 2025 Legistar Number: 25-1614 Agenda Item: Ordinance authorizing a Developer Participation Agreement with MPM Development, LP to reimburse the developer up to $944,506.80 for the City's share of the cost to construct Lady Alexa Drive and Castle Black Drive with Roller Compacted Concrete for the King's Landing Unit 11 subdivision in accordance with the Pilot Program for Roller Compacted Concrete Roadway Improvements (District 3), with funding from 1041 Streets Fund in FY2026. Amount Required: (Amount to be Certified) $ 944,506.80 Fund Name Accounting Unit Account No. Activity No. Amount Streets 1041-33-11112 530000 $944,506.80 Total $944,506.80 , ❑ Certification Not Required Director of Financial & Procurement Date: 1-17--)_ 1