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Res 2019-049/approving an agreement with Texas Transportation Alliance, LLC that provides for economic development incentives for the planning, design, and development of a rail-served commercial and industrial park, known as the SMART Terminal project,
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Res 2019-049/approving an agreement with Texas Transportation Alliance, LLC that provides for economic development incentives for the planning, design, and development of a rail-served commercial and industrial park, known as the SMART Terminal project,
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4/29/2019 10:22:33 AM
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3/26/2019 9:30:16 AM
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Resolutions
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Agreement
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2019-49
Date
3/19/2019
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wastewater. The first project is a water main extension from the City's surface water <br />treatment plant looped to the San Marcos Municipal Airport, as shown in Exhibit "D-2", <br />attached hereto and made a part hereof (the "Water Impact Fee Project"). The second <br />project is the extension of a wastewater force main from the City's wastewater treatment <br />plant to a new wastewater lift station to be located along State Highway 80 on the southern <br />portion of the previously mentioned 160.2 -acre tract out of the Property as shown in Exhibit <br />"D-2" (the "Wastewater Impact Fee Project"). Construction of either the Water Impact <br />Fee Project or the Wastewater Impact Fee Project by the Developer or any Future Owner <br />of any portion of the Property shall be subject to this Subsection (a). The requirements of <br />Section 4.02, shall, otherwise, continue to apply to both the Water and Wastewater Impact <br />Fee Projects, except as specifically modified by this Subsection (a). <br />1. Water Impact Fee Project. The engineering design and <br />construction costs for the Water Impact Fee Project will be pro -rated between the <br />City and the Developer based upon the percentage of total costs attributable to the <br />service capacity required by the uses on the Property. The Developer or Future <br />Owner executing the project will install all water extensions and facilities at its <br />initial sole cost. The City will reimburse the Developer or Future Owner in the <br />form of progress payments for the City's share of all costs associated with design, <br />permitting and construction within 30 days of presenting invoices and payments to <br />the City, subject to City approval. Final payment by the City will be subject to the <br />City's acceptance of the completed improvements. Each connection to the City's <br />water system within the Property will require the payment of impact fees by the <br />end user in compliance with City ordinances. The City shall reimburse the <br />8 <br />065611.00495 309237v15 <br />
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