HomeMy WebLinkAbout033260 ORD - 01/18/2024Ordinance authorizing a Developer Participation Agreement with MPM Development,
L.P. to reimburse the developer an amount not to exceed $1,118,463.05 for the
construction of a section of Oso Parkway related to the Oso Creek Corner subdivision
located off Yorktown Boulevard and southeast of Starry Road; and amending the
operating budget by transferring $896,527.00 from the Public Works — Streets Fund
(No. 1041) and $221,936.05 from the Public Works — Storm Water Fund (No. 4300) to
the Development Services Fund (No. 4670). (District 5)
WHEREAS, the participation contract complies with Texas Local Government Code Chapter
212, Subchapter C Developer Participation in Contract for Public Improvements (§212.071
— 212.074) and Unified Development Code §8.4.1.
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 developer participation
agreement ("Agreement") with MPM Development ("Developer"), for the City's cost, not to exceed
$1,118,463.05, to construct the requested paving improvements including all related appurtenances
for development of Oso Creek Corner, Corpus Christi, Nueces County, Texas.
SECTION 2. The fiscal year 2023 — 2024 operating budget approved by ordinance 033151 is
amended by transferring $896,527.00 from the Public Works — Streets Fund (No. 1041) and
$221,936.05 from the Public Works — Storm Water Fund (No. 4300) to the Development Services
Fund (No. 4670) increasing revenues and expenditures.
SECTION 3. $1,118,463.05 is appropriated in the No. 4670 Development Services Fund to fund the
participation agreement with MPM Development for the construction of the requested paving
improvements associated with Oso Creek Corner.
INTRODUCED AND VOTED on the day of To.
PASSED AND APPROVED on the PA day of
ATTEST:
2024.
2024.
OF OUSCHRIST
Rebe''a Huerta aulette Guajardo
ity Secretary
033260
Mayor
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