HomeMy WebLinkAboutC2025-276 - 12/23/2025 - NA (2)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 Water Arterial
Transmission & Grid Main 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 for Queen's Crossing Unit 2 dated December 12, 2023, by and
between LSK Development, LLC 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/OWNER TO COMPLETE IMPROVEMENTS
The Developer shall award a contract and complete the Water Improvements, under the
approved plans and specifications within 12 months by December 12, 2026.
All other terms and conditions of the original agreement, with amendments, remain effective and
in full force. 7
EXECUTED IN ONE ORIGINAL and made effective this Z3 day of v eC" r I v' , 2025.
PUS CHRISTI
•
Michael Dice
Director of Development Services
APPROVED AS TO FORM:
Buck Brice (Date)
Deputy City Attorney
For City Attorney
LSK Development, LLC
Ata 0. Azali
Governing Person
SCANNED