HomeMy WebLinkAboutItem 14 - The PreserveMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: OCTOBER 2, 2018
SUBJECT: DEVELOPER'S AGREEMENT WITH CPR-GREP ELAN GRAPEVINE
OWNER, L.P. FOR THE PRESERVE AND APPROPRIATION
ORDINANCE
RECOMMENDATION: City Council to consider approval of a developer's agreement with CPR-
GREP Elan Grapevine Owner, L.P. for The Preserve development and an
appropriation ordinance amending the Fiscal Year 2018 Capital Budget.
FUNDING SOURCE: Upon approval, funding for Glade Road will be available in the Capital
Projects Streets Fund 178 in the estimated amount of $40,000 and upon
approval, funding for the 12 -inch water line will be available in the Utility
Enterprise Capital Fund 201 Impact Fees eligible in the estimated amount
of $148,000.
BACKGROUND: The Preserve development was approved by the City Council on February
20, 2018. This 399 -unit, multi -family apartment complex requires off-site
improvements to be adequately served. City staff and the developer have
agreed to certain betterments as part of the developer's required
improvements to serve the community and support future development.
The developer is required to extend an 8 -inch water line under State
Highway 360 and north to connect to the existing system at Euless -
Grapevine Road at its sole cost. The City requires a 12" water line to
support future development. The City will pay additional costs associated
with this oversizing betterment estimated at $148,000.
In addition, the developer is required to provide for the construction of two
lanes of Glade Road from State Highway 360 east to the DFW Airport
boundary. The City will pay for approximately one half of the of the asphalt
transition for the project not to exceed $40,000 in support of the
permanent concrete paving supported by the developer. This
improvement will provide for one half of the ultimate four lane section of
Glade within the Grapevine corporate limits consistent with the current
Master Thoroughfare Plan.
Staff recommends approval.
ORDINANCE NO. 2018-075
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, REVISING THE ADOPTED CAPITAL
IMPROVEMENTS BUDGET FOR THE FISCAL YEAR
ENDING IN 2018; PROVIDING FOR $40,000 IN THE
CAPITAL PROJECT STREETS FUND AND $148,000 IN THE
UTILITY ENTERPRISE CAPITAL FUND; DECLARING AN
EMERGENCY AND PROVIDING AN EFFECTIVE DATE
WHEREAS, the City Council of the City of Grapevine desires to enter into a
Developers Agreement with city participation with CPR-GREP Elan Grapevine Owner, L.P.
for The Preserve in an amount estimated at $188,000; and
WHEREAS, funding for the Developers Agreement with CPR-GREP Elan Grapevine
Owner, L.P. is not currently included in the Fiscal Year 2017-2018 Capital Improvements
Plan Budget; and
WHEREAS, all constitutional and statutory prerequisites for the approval of this
ordinance have been met, including but not limited to the Open Meetings Act and Chapter
211 of the Local Government Code; and
WHEREAS, the City Council deems the adoption of this ordinance to be in the best
interests of the health, safety, and welfare of the public.
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS:
Section 1. That all matters stated hereinabove are found to be true and correct
and are incorporated herein by reference as if copied in their entirety.
Section 2. That the City Council hereby authorizes an amount of $148,000 from
the Utility Enterprise Capital Fund and $40,000 in the Capital Project Streets Fund for the
City to enter into a Developers Agreement with CPR-GREP Elan Grapevine Owner, L.P.
for The Preserve.
Section 3. That a copy of the revised FY 2017-2018 Capital Improvements Plan
budget document shall be kept on file in the office of the City Secretary and on the City of
Grapevine website.
Section 4. That the terms and provisions of this ordinance shall be deemed to be
severable, and that if the validity of any section, subsection, word, sentence or phrase
shall be held to be invalid, it shall not affect the remaining part of this ordinance.
Section 5. That the fact that the present ordinances and regulations of the City of
Grapevine, Texas, are inadequate to properly safeguard the health, safety, morals, peace
and general welfare of the inhabitants of the City of Grapevine, Texas, creates an
emergency for the immediate preservation of the public business, property, health, safety
and general welfare of the public which requires that this ordinance shall become effective
from and after the date of its final passage, and it is accordingly so ordained.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 2nd day of October, 2018.
APPROVED:
William D. Tate
Mayor
ATTEST:
Tara Brooks
City Secretary
APPROVED AS TO FORM:
City Attorney
Ordinance No. 2018-075 2