AGENDA CAPTION:
Title
Consider approval of Resolution 2022-68R, approving a third change order amendment to the participation agreement with Lazy Oaks Ranch, LP (La Cima) providing for traffic signal and intersection improvements at Wonder World Drive and Centerpoint Road in the La Cima development with an additional cost participation amount by the City of $550,000.00; authorizing the City Manager or her designee to execute the appropriate documents relating to the change order on behalf of the City; and declaring an effective date.
Body
Meeting date: April 5, 2022
Department: Engineering & Capital Improvements
Amount & Source of Funding
Funds Required: $550,000.00
Account Number: 50036338.70200
Funds Available: $905,667.44
Account Name: Wonder World Pass Thru
Fiscal Note:
Prior Council Action: March 7, 2017 - Cost Participation Agreement, December 5, 2017 - 1st Amendment, March 18, 2020 - 2nd Amendment
City Council Strategic Initiative: [Please select from the dropdown menu below]
Community Safety
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
? Economic Development - Choose an item.
? Environment & Resource Protection - Choose an item.
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? Neighborhoods & Housing - Protected Neighborhoods in order to maintain high quality of life and stable property values
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? Transportation - Safe, Well coordinated transportation system implemented in an environmentally sensitive manner
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? Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
Transportation Master Plan
Background Information:
The City entered into a Cost Participation Agreement with the La Cima Development at its inception to oversize three improvements, the proposed water infrastructure, water storage tower and to address wastewater maintenance ...
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