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HomeMy WebLinkAbout2013-3487 - Ordinance - 03/28/2013 • ORDINANCE NO. 2013 -3427 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXAS, APPROVING A PARTICIPATION AGREEMENT BY AND BETWEEN THE CITY AND WOODRIDGE COLLEGE STATION I, LLC FOR THE DEVELOPMENT OF NORTHPOINT CROSSING (THE PLAZA AT COLLEGE STATION) WATERLINE PROJECT AND AUTHORIZING THE EXPENDITURE OF FUNDS. WHEREAS, Woodridge College Station I, LLC is a developer developing Northpoint Crossing (The Plaza at College Station); 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: Northpoint Crossing (The Plaza at College Station) Waterline 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 Woodridge College Station I, LLC for the construction of Northpoint Crossing (The Plaza at College Station) Waterline 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 Woodridge College Station I, LLC obligating the CITY to pay a maximum of $67,101.59 out of a total estimated amount of $364,032.94 for the labor, materials and equipment required for the improvements related to Northpoint Crossing (The Plaza at College Station) Waterline Project. PART 3: That the funding for this Contract shall be as budgeted from the Water Capital Improvement Project Fund, in the amount of $67,101.59. PART 4: That this ordinance shall take effect immediately from and after its passage. ORDINANCE NO. 2013-3L/F7 Page 2 PASSED, ADOPTED and APPROVED this 2 ' day of /Z4 C.1 , 2013. ATTEST: APPROVED: SHERR ASHBURN, City Secretary NANCY BETkY, Mayor APPROVED: (A. 4 . Alf4'/4EL CARLA A. ROBINSON, City Attorney klay