HomeMy WebLinkAboutC2026-098 - 6/24/2026 - NA 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 Water Improvements fully;
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 §8.5.1. C; and
WHEREAS, the priority for reimbursement will be based on the date this Amendment is
fully executed.
This is an amendment to the Water Arterial Transmission and Grid Main Construction and
Reimbursement Agreement for Starlight Estates Unit 8, approved by City Council on August 20,
2024, by and between MPM Development, LP, 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 in accordance with
the approved plans and specifications by August 20, 2027.
All other terms and conditions of the original agreement, as amended, remain in full force and
effect. II
EXECUTED IN ONE ORIGINAL and made effective this -20 day of , 2026.
CITY O CORPUS RISTI MPM Development, LP
Mich el ice Moses Mostaghasi
Inte im ss stant City Manager / General Partner
of E y Iopment Services
APPROVED AS TO FORM: ,�`�O AC E z
Buck Brice (Date) _ A
Deputy City Attorney ? '%F o cp..'
For City Attorney ///(c�p•!34642Z.o1
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SCANNED