HomeMy WebLinkAbout2014-3601 - Ordinance - 09/22/2014 ORDINANCE NO. 2,B114— Oi
AN 0' I INANCE OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS, APPROVING A PARTICIPATION AGREEMENT BY AND BETWEEN THE
CITY AND BCS DEVELOPMENT, INC. FOR THE DEVELOPMENT OF
BRIDGEWOOD SUBDIVISION, PHASE 1 PROJECT AND AUTHORIZING THE
EXPENDITURE OF FUNDS.
WHEREAS, BCS Development, Inc. is a developer developing Bridgewood Subdivision, Phase
1; 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: Bridgewood Subdivision, Phase 1 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, Inc. for the construction of Bridgewood Subdivision, Phase
1 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, Inc. obligating the CITY to pay a maximum of$282,353.00
out of a total estimated amount of $1,236,303.03 for the labor, materials
and equipment required for the improvements related the Bridgewood
Subdivision, Phase 1 Project.
PART 3: That the roadway improvements funding for this Contract shall be as
budgeted from the Streets OP Fund, in the amount of $229,626.00.
PART 4: That the waterline improvements funding for this Contract shall be as
budgeted from the Water OP Fund, in the amount of $52,727.00.
PART 5: That this ordinance shall take effect immediately from and after its passage.
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ADOPTED this ......__ . day of A.D.A.D. 2014.
ATTEST: APPROVED:
City Secretartj MAYOR
APPROVED:
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City Attorney