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Res 2021-246 approving a Development Agreement with HK Baugh Ranch, LLC, HK Riley’s Pointe, LLC, and Benchmark Acquisitions, LLC, to regulate the annexation and future development of approximately 1,142 acres of land
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Res 2021-246 approving a Development Agreement with HK Baugh Ranch, LLC, HK Riley’s Pointe, LLC, and Benchmark Acquisitions, LLC, to regulate the annexation and future development of approximately 1,142 acres of land
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9/10/2024 3:58:33 PM
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Resolutions
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Approving
Number
2021-246
Date
12/7/2021
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d <br /> (b) The City will provide wastewater service to the Property in accordance with the <br /> Utility Agreements. The City confirms that the City's existing wastewater <br /> treatment plant facilities have sufficient capacity to serve the Property at full build- <br /> out. Each phase of the wastewater facilities constructed by or on behalf of the <br /> Districts, to serve the Districts, shall be conveyed upon completion to the City for <br /> ownership, operation, and maintenance and become a part of the City's <br /> wastewater system in accordance with the Utility Agreements. Users of <br /> wastewater service within the Property will be customers of the City. Rates and <br /> charges for such customers shall be equal and uniform to those charged to other <br /> similar classifications of users receiving wastewater service that are not located <br /> within the City. <br /> (c) The City agrees that the City Manager shall, upon request from the District, issue <br /> a letter of assurance to the owner of the platted property within the District <br /> confirming water and wastewater availability for the platted property. <br /> (d) Subject to the terms of this Agreement,the City will assess wastewater impact fees <br /> in the amount of $2,684 per LUE, as provided in Ordinance No. 2018-09, or the <br /> impact fee amount hereafter adopted by the City;provided,however,the City will <br /> offset and credit the amount of wastewater impact fees otherwise owed for the <br /> Project by the costs to design and construct any offsite wastewater infrastructure <br /> conveyed to the City. Such credit, which shall be credited to the entity, whether <br /> one or more, that paid for the offsite wastewater infrastructure conveyed to the <br /> City, shall not exceed an amount equal to forty-eight percent (48%) of the <br /> wastewater impact fees otherwise owed for the Project.Credits for impact fees will <br /> be governed by this Agreement and Chapter 86 of the City's Code of Ordinances. <br /> Impact fees for each Vertical Improvement shall be payable,by or on behalf of the <br /> District, at the time a tap is requested for such improvement before connection of <br /> each particular Vertical Improvement to the City sewer facilities. <br /> (e) Subject to the terms of this Agreement, the City will assess water impact fees in <br /> the amount of$3,801 per LUE,as provided in Ordinance No.2018-09,or the impact <br /> fee amount hereafter adopted by the City; provided, however, to the extent <br /> applicable, the City will offset and credit the amount of water impact fees <br /> otherwise owed for the Project by the costs to design and construct any offsite <br /> water infrastructure conveyed to the City. Such credit, if any, shall be credited to <br /> the entity, whether one or more, that paid for the offsite water infrastructure <br /> conveyed to the City. Notwithstanding the foregoing,water impact fees shall only <br /> be charged for River Bend in the event River Bend receives water service from the <br /> City rather than CCSUD. Impact fees for each Vertical Improvement shall be <br /> payable, by or on behalf of the District, at the time a tap is requested for such <br /> improvement before connection of each particular Vertical Improvement to the <br /> 12 <br /> 960915_5 <br />
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