Consider and take action on the Lakeside Bayou, LLC - First Amendment to Utility Services Agreement.

The amendment increases the number of water and sewer connections(ESFCs) reserved for Phase I of the Lakeside Bayou Subdivision from 225 to 232, but does not increase the overall number of connections (ESFCs) which remains 1200.  The amendment also extends the time for the reservation of the 232 to four years from the date of master plan approval which was August 18, 2021.  The extended reservation deadline will be August 18, 2024.

The Utility Services agreement between the City, GCMUD 53 and Developer provides for the design, construction and funding of water and sewer infrastructure for the Lakeside Bayou Subdivision, a 438 acre development being subdivided to a maximum of 1200 single family residential lots and with 12,8 acres reserved for commercial development.  

Staff recommend approval of the First Amendment to the Utility Services Agreement with GCMUD 53 and Developer for the Lakeside Bayou Subdivision.  The city's water and sewer systems have existing capacity to provide the increased number of connections required for Phase I (232 ESFCs). Other development in the area will not be delayed by extending the reservation of this capacity until August 18, 2025.  Developer has been working diligently to move forward with the development and has provided evidence that it is ready to proceed with construction of infrastructure in early 2024,