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HomeMy WebLinkAboutPO 7220: CONTRACT WITH D & T INTEREST, LLC, DEVELOPMENT OF 3.568 ACRES OF LAND P.O. No. 7220 12/11/23 ht ORDINANCE NO. AN ORDINANCE AUTHORIZING THE EXECUTION OF A DEVELOPER PARTICIPATION CONTRACT BETWEEN THE CITY OF PORT ARTHUR AND D&T INTEREST,LLC FOR THE DEVELOPMENT OF 3.568 ACRES OF LAND LOCATED ON JIMMY JOHNSON BOULEVARD NEAR THE BABE ZAHARIAS GOLF COURSE PURSUANT TO SECTIONS 212.071 AND 212.072 OF THE TEXAS LOCAL GOVERNMENT CODE,V.T.C.A. WHEREAS, pursuant to the authority under Section 212.071 and 212.072 of the Texas Local Government Code, the City of Port Arthur "City" and D & T Interest, LLC "Developer", desire to enter into a Developer Participation Contract; and WHEREAS,Developer is the present owner of certain real property located in the City and comprising Planned Development District—42,being approximately 3.568 acres of land located on or around Jimmy Johnson Blvd near the Babe Zaharias Golf Course described in Exhibit "A" attached; and WHEREAS, Developer plans to develop and improve the land, so as to provide utility infrastructure improvements wherein seventy(70)residential townhouses can be constructed with a completion deadline of the project by January 1,2028; and WHEREAS,the public infrastructure improvements to be constructed by Developer will be water lines, sanitary sewer lines, and storm sewers, as substantially described in Exhibit "B" and located on or around Jimmy Johnson Blvd near the Babe Zaharias Golf Course; and, WHEREAS,Developer shall construct the improvements and the municipality,(i.e.,City of Port Arthur), shall participate in their cost at a level not to exceed thirty percent(30%)of the total contract price as provided in §212.072 of the Local Government Code; and 4 WHEREAS, the City's participation shall not exceed thirty percent (30%) of the total contract price of$1,546,683.00, which is presently estimated at $464,004.90, WHEREAS, on or before March 1, 2024, construction will commence on the water lines, sanitary sewer lines, and storm sewers, and other ancillary public improvements as is required by City Code and professional engineering analysis; and WHEREAS, consistent with §212.073 of the Local Government Code, the City will also require the developer to execute a performance bond for the construction of the improvements to ensure completion of the project. NOW THEREFORE,BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR: Section 1. That the facts and opinions in the preamble are true and correct. Section 2. That §212.072 of the Local Government Code requires the developer participation contract to establish the limit of participation at a level not to exceed thirty percent (30%)of the total contract price; and Section 3.That the City Council hereby authorizes the City Manager to execute and agree to the project, as provided in the Developer Participation Contract with D & T Interest, LLC, in substantially the same form as attached hereto as Exhibit "B". Section 4. That a copy of the caption of this Ordinance be spread upon the Minutes of the City Council. READ, ADOPTED AND APPROVED on this day of , A.D., 2023, at a Council Meeting of the City Council of the City of Port Arthur, Texas,by the following vote: AYES: Mayor: Councilmembers: NOES: Thurman Bill Bartie, Mayor ATTEST: Sherri Bellard, City Secretary APPROVED AS TO FORM: Valecia R. Tizeno, City Attorney APPROVED FOR ADMINISTRATION: Ronald Burton City Manager EXHIBIT(S) WILL BE PRESENTED AT OR BEFORE THE CITY COUNCIL MEETING