Loading...
HomeMy WebLinkAbout2009-3218 - Ordinance - 12/10/2009ORDINANCE NO. 3218 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXAS, APPROVING A PARTICIPATION AGREEMENT BY AND BETWEEN THE CITY AND BCS DEVELOPMENT COMPANY FOR THE DEVELOPMENT OF THE SONOMA SUBDIVISION, PHASE 3 PROJECT AND AUTHORIZING THE EXPENDI- TURE OF FUNDS. WHEREAS, BCS Development Company is a developer developing the Sonoma Subdivision, Phase 3 Project; and WHEREAS, as part of said development, the construction of certain public infrastructure is required; and WHEREAS, pursuant to Section 212.071 et seq. Texas Local Government Code the City of College Station and the developer have agreed to jointly participate in the construction of certain public infrastructure to wit: the Sonoma Subdivision, Phase 3 Project ( "Project ") as further set forth in a Participation Agreement; now, therefore, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXAS: PART 1: That the City Council hereby finds it to be in the 'best interests of its citizens to enter into that one certain Participation Agreement with BCS Development Company for the construction of the Sonoma Subdivision, Phase 3 Project. A copy of said Participation Agreement is attached as Exhibit "A" and incorporated herein by reference. PART 2: That the City Council hereby approves the contract with BCS Development Company obligating the CITY to pay a maximum of $147,614.50 out of a total estimated amount of $896,254 for the labor, materials and equipment required for the improvements related to the Sonoma Subdivision, Phase 3 Project. PART 3: That the funding for this Contract shall be as budgeted from the Water Capital Improvement Projects Fund, in the amount of $147,614.50. PART 4: That this ordinance shall take effect immediately from and after its passage. ADOPTED this 10 day of December, A.D. 2009. ATTEST: City S cret APPROVED: MAYOR APPROVED: ♦ . M V OPM City Attorney