HomeMy WebLinkAbout033261 ORD - 01/18/2024Ordinance authorizing a Developer Participation Agreement with Braselton
Development Company, Ltd. to reimburse the developer an amount not to exceed
$209,485.00 for the construction of stormwater infrastructure improvements
related to the Saratoga Downs, Unit 4B subdivision located at the intersection of
Lands Drive and Martin Street; and amending the operating budget by transferring
and appropriating $209,485.00 from the Public Works – Storm Water Fund (No.
4300) to the Development Services Fund (No. 4670). (District 3)
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).
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
TEXAS, THAT:
SECTION 1. The City Manager or designee is authorized to execute a developer
participation agreement ("Agreement") with Braselton Development Company, Ltd.
("Developer") to reimburse the developer an amount not to exceed $209,485.00 for the
construction of stormwater infrastructure improvements related to the Saratoga Downs,
Unit 4B subdivision located at the intersection of Lands Drive and Martin Street.
SECTION 2. The Fiscal Year 2023-24 operating budget is amended by transferring
$209,485.00 from the Public Works – Storm Water Fund (No. 4300) to the Development
Services Fund (No. 4670).
SECTION 3. $209,485.00 is appropriated in the No. 4670 Development Service Fund to
fund the Participation Agreement with Braselton Development Company, Ltd. for the
construction of stormwater infrastructure improvements related to the Saratoga Downs,
Unit 4B subdivision located at the intersection of Lands Drive and Martin Street.
Introduced and voted on the day of TOv\u.o..A..y , 2024.
and APPROVED on the 10\ day of J 01\�,�"d,M1 , 2024.
ATTEST:
111
l J10
Pa tette Guajardo, Mayor'
Rebecca Huerta, City Secretary
033261
SCANNED