HomeMy WebLinkAbout032591 RES - 10/26/2021Resolution authorizing 24 month extensions for a Water Arterial Transmission and
Grid Main Construction and Reimbursement Agreement not to exceed $109,354.20
for installation of a water arterial transmission and grid main line, and a Developer
Participation Agreement not to exceed $207,386.85 for partial construction of Oso
Parkway with MPM Development, LP for a planned residential development, Royal
Creek Estates Unit 7, located south of Yorktown Boulevard and east of Cimarron
Boulevard at 8399 Rock Crest Drive (District 5)
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS
CHRISTI, TEXAS:
SECTION 1. The City Manager or designee is authorized to execute a 24 -month
performance date extension to the Water Arterial Transmission and Grid Main
Construction and Reimbursement Agreement for installation of a Water Arterial
Transmission and Grid Main Line and Participation Agreement for partial construction of
Oso Parkway ("Amendments") attached hereto, with MPM Development for a planned
residential development, Royal Creek Estates Unit 7, located south of Yorktown
Boulevard and east of Cimarron Boulevard at 8399 Rock Crest Drive
032591
SCANNED
PASSED AND APPROVED on the day of C(.101)-(( , 2021:
Paulette M. Guajardo
Roland Barrera
Gil Hernandez
Michael Hunter
Billy Lerma
John Martinez
Ben Molina
Mike Pusley
Greg Smith
ATTEST:
Rebecca Huerta
City Secretary
OF CORPUS CHRISTI
Paulette M. Guajardo
Mayor
THIRD AMENDMENT OF PARTICIPATION AGREEMENT
This is an amendment to the Participation Agreement, Document number 2017048025, originally
dated November 7, 2017, 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
Participation Agreement, Sections (K)(3) & (Q) as follows:
K. DEFAULT. The following events shall constitute default:
3 Owner fails to complete construction of the Roadway Extension, under the
approved plans and specifications, on or before November 7, 2023.
Q This Agreement becomes effective, is binding upon, and inures to the benefits of
the City and the owner from and after the date of the last signatory to this
Agreement. This Agreement expires on November 7, 2023, unless terminated
earlier in accordance with the provisions of the Agreement.
All other terms and conditions of the original agreement remain effective and in full force.
EXECUTED IN ONE ORIGINAL and made effective this _ day of , 2021
CITY OF CORPUS CHRISTI MPM DEVELOPMENT. L.P.
AI Raymond III, AIA, CBO Mossa Mos Mostaghasi
Director of Development Services
APPROVED AS TO FARM
Buck Brice
Assistant City Attorney
for the City Attorney
(date)
General Partner
FOURTH AMENDMENT OF WATER ARTERIAL TRANSMISSION AND GRID MAIN
CONSTRUCTION AND REIMBURSEMENT AGREEMENT
This is an amendment to the Water Arterial Transmission and Grid Main Construction and
Reimbursement Agreement, Document number 2017048024, originally dated November 7. 2017, 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
Water Arterial Transmission and Grid Main Construction and Reimbursement Agreement, Section 5
as follows:
5. DEVELOPER AWARD CONTRACT FOR IMPROVEMENTS
Developer shall award a contract and complete the improvements to 12 -inch waterline, under the
approved plans and specifications, by November 7, 2023.
AH other terms and conditions of the original agreement remain effective and in full force.
EXECUTED IN ONE ORIGINAL and made effective this — day of 2021.
CITY OF CORPUS CHRISTI MPM DEVELOPMENT, L.P.
Al Raymond III, AIA, CBO Mossa Moses Mostaghasi
Director of Development Services
APPROVED AS TO FORM
Buck Brice
Assistant City Attorney
for the City Attorney
(date)
General Partner