Title
Approving an updated credit agreement for roadway impact fees with HEB in the amount of $2,502,781.62 for the construction of an extension of Colorado Sand Drive south of E. Pflugerville Pkwy, construction of a traffic signal at E. Pflugerville Pkwy and Colorado Sand Drive, and construction of an extension of Utah Sands Drive, all located generally southeast of E. Pflugerville Pkwy and SH 130; and authorizing the City Manager to execute the same.
Summary
City Council approved an agreement on 1/24/2023 with HEB in the amount of $1,933,438.00 based on HEB's engineer's estimated probable cost for the construction of an extension of Colorado Sand Drive south of E. Pflugerville Pkwy, construction of a traffic signal at E. Pflugerville Pkwy and Colorado Sand Drive, and construction of an extension of Utah Sands Drive. The contractor's final pricing was greater than the original estimate and therefore HEB has requested the credit agreement to be updated to reflect the final actual construction costs provided by the contractor. The request is to increase the credit to $2,502,781.62. The proposed credit remains less than the maximum credit amount of $3,250,564.95 and the remaining amount of roadway impact fee will be paid at time of building permit.
Background:
The proposed credit agreement is for property located generally southeast of SH 130 and E. Pflugerville Pkwy. The property is proposed to be developed by HEB with a grocery store (supermarket and free-standing discount store), gasoline service station, and a fast-food restaurant with a drive thru. The proposed credit agreement requests a portion of the roadway impact fees normally paid at time of building permit to be applied toward constructed roadway infrastructure improvements which will increase capacity and connectivity in the area. As part of the subdivision, Colorado Sand Drive (major collector with an 80-ft right of way width) is proposed to extend south of E. Pflugerville Pkwy for approximately 1,...
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