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4.
Road District
Meeting Date:
11/19/2024
Title:
Avery Centre Road District #1 Developer Reimbursement
Submitted For:
Julie Kiley
Submitted By:
Julie Kiley, County Auditor
Department:
County Auditor

Information

Agenda Item

Discuss, consider and take action to approve payment to Avery Centre Devco, Inc. for reimbursement of expenses related to the construction of College Park Dr, Phase II and Wallin Bradley Dr in the amount of $5,599,031.35.

Background

All expenses have been reviewed and audited by the Williamson County Auditors Office and reviewed by Engineering for compliance with the Developer Agreement and Bond Covenants for the Avery Centre Road District No. 1.  The reimbursement is related to the construction of College Park Dr, Phase II and Wallin Bradley Dr within the Road District.  The amount due the Developer is $5,968,747.87.  The amount available for current reimbursement is $5,599,031.35.  The balance and any additional expenses will be looked in a future bond sale.

Fiscal Impact

Attachments

Form Review

Inbox Reviewed By Date
County Judge Exec Asst. Becky Pruitt 11/14/2024 08:35 AM
Form Started By:
Julie Kiley
Started On:
11/14/2024 08:18 AM
Final Approval Date:
11/14/2024