Title
Approving a resolution approving the fourth amendment to the Carmel development agreement between the City of Pflugerville and Starlight Homes Texas LLC, Arroyo Cap IV-2, and LB Carmel LLC authorizing amendments to the original agreement, authorizing consent to an additional approximately 14.629 acres situated in the John Leisse Survey No 18, Abstract No. 496, Travis County, Texas into the Municipal Utility District No. 24, and approval of a Strategic Partnership Agreement, and authorizing the City Manager to execute the same.
Summary
In 2015, Municipal Utility District (MUD) No. 24 was created within the City of Pflugerville for the Carmel East Development through a Development Agreement that has since been amended several times. The proposed Fourth Amendment incorporates approximately 14.629 acres known as Carmel East Phase 5, recently acquired by the Developer, who is proposing to incorporate into MUD 24.
Project History for MUD 24
1. Original Adoption: October 13, 2015
2. First Amendment: June 8, 2017
3. Second Amendment: February 12, 2019
4. Third Amendment: January 25, 2022
Summary of Development Agreement Amendments
1. Consent to Additional Acreage in MUD 24: The developer is proposing to incorporate approximately 14.629 acres into MUD 24.
2. Melber Lane Bridge Contributions: The Developer will dedicate the necessary right-of-way for the City’s construction of the Melber Lane bridge and will contribute an additional $1,518,956 toward construction. This contribution must be made prior to approval of a Final Plat.
3. Strategic Partnership Agreement (SPA): A SPA is executed for all of MUD 24, allowing the City the ability to annex the district after 30 years should the city elect to do so.
4. Parkland Requirements: Parkland dedication for the Carmel East Ph. 5 will comply with the Unified Development Code in effect at the time of Preliminary Plan approval.
5. Term Extension: The original expiration date of October 13, 2030, is extended by five years...
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