HomeMy WebLinkAbout2019-4116 - Ordinance - 09/13/2019ORDINANCE NO. 2019-4116
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS, APPROVING A PARTICIPATION AGREEMENT BY AND BETWEEN THE
CITY AND GRAND JR, LLC FOR THE DEVELOPMENT OF BLOCK 6 OF THE
BUSINESS CENTER AT COLLEGE STATION, PHASE II AND AUTHORIZING THE
EXPENDITURE OF FUNDS.
WHEREAS, Grand Jr, LLC is a developer developing a light industrial facility on Lot 5, Block 6
of the Business Center at College Station, Phase II; 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 and certain site-specific infrastructure serving tracts to be owned separately
by developer and by the City to wit: Block 6 of the Business Center at College Station, Phase II
to serve Lots 1R and 2-5 of Block 6 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 Grand Jr, LLC
for the construction of Block 6 of the Business Center of College Station,
Phase II 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 Grand Jr, LLC
obligating the CITY to pay a maximum of $ $208,851 (does not include
fixed fee or cost of insurance & bonds) out of a total estimated amount of
$389,232 (does not include fixed fee or cost of insurance & bonds) for the
labor, materials and equipment required for the improvements related the
Block 6 of the Business Center at College Station, Phase, II Project.
PART 3: That the funding for this Contract shall be as budgeted from the proceeds of
the sale of Lot 5, Block 6 of the Business Center at College Station, Phase
II, in the amount of $208,851 excluding fixed fees or other amounts
explicitly set forth in the Participation Agreement.
PART 4: That this ordinance shall take effect immediately from and after its passage.
ADOPTED this 12th day of September, A.D. 2019.
ORDINANCE NO. 2019-4116 Page 2 of 42
ATTEST: APPROVED:
City Secretary MAYOR
APPROVED:
City Attorney
ORDINANCE NO. 2019-4116 Page 3 of 42
EXHIBIT “A”