Agenda No. 8.
CITY COUNCIL MEMORANDUM
| City Council Meeting: | October 22, 2019 |
| Department: | Executive Team |
| Subject: | Resolution No. 19-R-105 -Consideration and/or action approving a Resolution authorizing the City Manager to enter into an agreement with Babcock Road 165, Ltd. for reimbursement for a roadway extension to Ripps Kreusler. (M. Browne/B. James) |
BACKGROUND
On November 13, 2018, City Council approved a resolution authorizing the City to enter into a reimbursement agreement with Babcock Road 165 for construction of Ripps Kreusler. As part of that approval, Council included a condition that this agreement would not be entered into until the City of Schertz and the City of Cibolo had executed an agreement for the construction of Wiederstein Road. That agreement was entered into just last month. After reviewing the approved agreement for Ripps Kreusler at was determined that given the time that had passed, updates were needed. The maximum reimbursement amount of $395,867.00 has not changed.
GOAL
Provide reimbursement to the developer for construction of the extension of Ripps Kreusler from the intersection of Baptist Health Drive to the city limit.
COMMUNITY BENEFIT
Promote safe, orderly efficient development and ensure compliance with the City's vision of future growth.
SUMMARY OF RECOMMENDED ACTION
Approval of resolution 19-R-105 authorizing the city to enter into an agreement for reimbursement through roadway impact fees.
FISCAL IMPACT
Up to $395,867.00 from Service Area 2 of the roadway impact fee fund.
RECOMMENDATION
Approval of Resolution 19-R-105