HomeMy WebLinkAboutM1995-129 - 05/23/199510.
MOTIONS - 5/23/95
Motion authorizing the City Manager or his designee to execute a deferment
agreement with Cinemark U.S.A., Inc. to defer construction of paving and drainage
improvements for a portion of Silverberry Drive, on-site sanitary sewer
improvements, and on-site water system improvements (Public Improvements)
proposed within the limits of the final plat of S.P.I.C.E. Plaza, Block 3, Lots I & 5,
contingent upon receipt of Cinemark U.S.A., Inc.'s Irrevocable Letter of Credit in the
amount of $287,261 which is 110% of the estimated cost of constructing the public
improvements, and upon completion of operable water and sanitary sewer to each
lot in the subdivision.
ATTEST:
City Secretary
Mayoh ~
City of Corpu~s~3~risti
M95-129