Title
Approving a credit agreement for Water Impact Fees with H-E-B, LP in the amount of $53,855.82 for up sizing an 8-inch water line to a 12-inch waterline to extend approximately 980 linear feet along Colorado Sand Blvd., and authorizing the City Manager to execute the same.
Summary
The proposed credit agreement is for a property generally located southeast of SH 130 and East Pflugerville Parkway. The property has an approved building permit is currently under construction by H-E-B for a grocery store with associated uses, including a fuel station and quick service restaurant (True Texas Barbecue). As part of the construction plan review process, they identified that their development would require an 8-inch waterline, and staff requested they up-size the line to a 12-inch to accommodate future developments in the area.
Approximately 980 linear feet of 12-inch water line is being extended along Colorado Sand Blvd., as part of the request.
Section 152, Subchapter A for Water and Wastewater Impact Fees (152.22) of the City’s Code of Ordinances, authorizes the city to enter into credit agreements for financing facility expansions through applying credits to the impact fee that would be due at the time of building permitting.
The proposed credit agreement meets the infrastructure goal of the City’s adopted Strategic Plan to prepare City infrastructure for the growth of Pflugerville in a responsible manner.
Deadline for City Council Action
Action is requested on August 13, 2024.
Funding Expected: Revenue __ Expenditure __ N/A _X_
Budgeted Item: Yes __ No __ N/A _X_
Amount: ___N/A_____
1295 Form Required? Yes __ No _X_
Legal Review Required: N/A __ Required _X_ Date Completed: July 16, 2024
Supporting documents attached:
Credit Agreement
Location Map
Recommended Action
Approve the Credit Agreement and authorize the City Manager to execute the same.