Agenda No. 10.
CITY COUNCIL MEMORANDUM
| City Council Meeting: | July 18, 2023 |
| Department: | Executive Team |
| Subject: | Resolution 23-R-63 - Consideration and/or action by the City Council of the City of Schertz, Texas, approving a resolution authorizing a roadway capital recovery offset agreement with Scrappy Development, LLC for Parklands II. (S.Williams/B.James) |
BACKGROUND
The developer of the Parklands II Subdivision is constructing a portion of Big John Lane. Big John Lane is a road that is listed on the City's adopted Roadway Impact Fee CIP. Per the City's roadway impact fee ordinance, developers who construct roads listed on the Roadway Impact Fee CIP are eligible for credits that can be used to offset the roadway impact fees due for the project. The resolution authorizes the City Manager to execute the attached roadway impact fee offset agreement.
GOAL
Provide for the orderly development of infrastructure within the City of Schertz.
COMMUNITY BENEFIT
Provide for development of infrastructure in a timely, cost-effective manner.
SUMMARY OF RECOMMENDED ACTION
Approval of the roadway impact fee agreement with Scrappy Development, LLC.
FISCAL IMPACT
Based on the number of residential lots/homes in the development, it is anticipated that the developer will utilize all of their credits. A such there is no fiscal impact to the City.
RECOMMENDATION
Approval of Resolution 23-R-63.