Item 4D
Amend Residential Developer Agreement for Southlake Meadows Addition
Item 4D
Item 4D,
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Amend Residential
Developer Agreement
to reassign developer rights to
Toll Dallas TX, LLC for the
Southlake Meadows Addition
Requested action
The requested action for this item to approve an
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Location map
Southlake Meadows will be located at the northeast quadrant of Dove Road and Sam School Road, west of State Hwy 114
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Development plan
PHASE 2
The development consists of 60 lots in Phase 1 and 36 lots in Phase 2 for a total of 96 Lots. The developer is also proposing to construction the Dove road sam school road n peytonville
roundabout as part of this development.
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The total amount of reimbursements from the City that will be reassigned to Toll Dallas TX, LLC upon reaching final acceptance milestones is $1,044,097. This sum includes $174,000
for the Gateway Lakes Park Fees; $710,502 for the Roundabout Construction and $159,695 for the Right of Way Acquisition all of which will be reimbursed upon final acceptance of the public
improvements of Southlake Meadows. These reimbursements will be reassigned to Toll Dallas TX, LLC from Maguire Partners as part of the Assignment of Reimbursement Rights Agreement.
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Financial Consideration
Funding Allocated in:
General Fund
Storm Water Utility Fund (SWUS)
Funding for the reimbursements have been allocated in the Sam School Road/Peytonville Avenue roundabout in prior City Council approved CIP budgets. The funds are allocated in the General
Fund and SWUS Fund.
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City of Southlake Strategy Map
The City of Southlake provides municipal services that support the highest quality of life for our residents, businesses, and visitors. We do this by being an exemplary model of balancing
efficiency, fiscal responsibility, transparency, and sustainability.
C1 Achieve the highest standards of safety & security
C2 Provide travel convenience within City & region
C3 Provide attractive & unique spaces for enjoyment of personal interests
C4 Attract & keep top-tier businesses to drive a dynamic & sustainable economic environment
C5 Promote opportunities for partnerships & volunteer involvement
Serve our Customers
Manage the Business
B1 Achieve best-in-class status in all City disciplines
B2 Collaborate with select partners to implement service solutions
B3 Enhance resident quality of life & business vitality through tourism
B4 Provide high quality services through sustainable business practices
B5 Enhance service delivery through continual process improvement
B6 Optimize use of technology
Provide Financial Stewardship
Promote Learning and Growth
F1 Adhere to financial management principles & budget
F2 Invest to provide & maintain high quality public assets
F3 Achieve fiscal wellness standards
F4 Establish & maintain effective internal controls
L1 Ensure our people understand the strategy & how they contribute to it
L2 Enhance leadership capabilities to deliver results
L3 Attract, develop & retain a skilled workforce
L4 Recognize & reward high performers
L5 Empower informed decision-making at all levels in the organization
C6 Enhance the sense of
community by providing excellent customer service and citizen engagement opportunities
L6 Foster positive employee engagement
Deliver on Our Focus Areas
The Residential Developer Agreement links to the city’s strategy map relative to the focus area of Quality Development by investing to provide and maintain high quality public assets.
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Rob Cohen 817-748-8097
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timeline
May 28, 2014 Residential Developer Agreement Executed
June 2014 Received Earth Disturbance Permit
September 16, 2014 Revised Residential Developer Agreement
to included developer
reimbursements
November 5, 2014 Preconstruction Meeting
June 8, 2015 Sam School Road Closure (120 Days)
October 6, 2015 Scheduled Sam School Road Opening
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Randolph property fence
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Intersection improvements
Southlake
Meadows
Addition
Sam School Rd.
Dove Rd.
Peytonville Ave.
The existing locations of the intersections of W Dove Rd with Sam school Road and N Peytonville Avenue contribute to the mobility challenges in this sector of the City. Due to the intersection
configuration of these two intersections mobility during the peak hours is reduced. The City of Southlake planned for a dual roundabout at this location for Fiscal Year 2015. With
the addition of the Southlake Meadows community this planned Capital Improvements Project has been accelerate and the developer offered to construct the roundabout with the development.
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OVERALL WATER distribution
City Participation
12” Water Line Relocation
$52,622
Developer Participation
Water Line
$384,484
The overall water distribution map is shown on this slide. The City will participate in funding $52,622 dollars for the cost of the water line relocation in the roundabout. The Developer
will fund $384,484 dollars for the construction of the water distribution system throughout the development..
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OVERALL SANITARY SEWER
City Participation
Sanitary Sewer
$42,517
Developer Participation
Sanitary Sewer
$364,393
The overall sanitary sewer map is shown on this slide. The City will participate in funding $42,517 dollars for the cost of the sewer in the roundabout. The Developer will fund $364,393
dollars for the construction of the sanitary sewer system throughout the development.
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OVERALL STORM SEWER
City Participation
Storm Sewer
$210,274
Developer Participation
Storm Sewer
$640,422
The overall Storm sewer shown on this slide. The City will participate in funding $210,274 dollars for the cost of the storm sewer system in the roundabout. The Developer will fund
$640,422 dollars for the construction of the storm sewer system throughout the development..
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The total cost for the public improvements for this development is 5 million 6 hundred eleven thousand eight hundred and twenty. The Developer is request the City’s participation for
the costs of the Roundabout in the amount of seven hundred ten thousand, five hundred and two thousand dollars. The developer’s portion of the public improvements for the development
is 4 million, nine hundred and one thousand, three hundred and 18 dollars. The respective percentages of the total cost of public improvements are 18% for the City’s portion and 82%
for the developers portion. The chart illustrates the amount being contributed by each party. The cost of the engineering design is only for the roundabout design cost and not the
subdivision design costs.
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Glosser
Property
Colvin
Property
Avary
Property
The developer is requesting that the City participate in the costs associated with the right of way acquisition that was required to be obtained for the construction of the roundabout.
There will be three properties impacted by the construction of the roundabout. The Glosser Property, Colvin Property and Avary Property. The developer is requesting that the City participate
in 159 thousand 695 dollars. The developer will participate in 4 hundred 43 thousand 164 dollars.
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Avary right of way acquisition
Relocation of Water Well
Relocation of Pond Equipment
Restore Landscape & Irrigation
Relocation of Driveway
Existing Fence Demolition
W. Dove Rd.
N. Peytonville Ave.
Approx. Limits of ROW Acquisition
0.032 Acres
The Avary property will required the acquisition of 0.032 Acres. The total cost to the City for these amenities located within the right of way taking is 62 thousand 700 dollars.
The developer will participate in 191 thousand 529 dollars for the other amenities.
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Glosser right of way acquisition
Restore Parking Lot
Relocation of Driveway
Sanitary Sewer Service
Demolition of Septic Tank
Slide Gate w/ Electric Opener
W. Dove Rd.
Approx. Limits of ROW Acquisition
0.163 Acres
The Glosser property will required the acquisition of 0.163 Acres. The total cost to the City for these amenities located within the right of way taking is 96 thousand 996 dollars.
The developer will participate in 107 thousand 56 dollars for the other amenities.
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Colvin Property improvements
Relocation of Driveway
Landscape & Irrigation Restoration
Screen Wall
Slide Gates
W. Dove Rd.
N. Peytonville Ave.
The colvn property will require …………………………………………………………… The developer will participate in 100% of the cost of the amenities in the colvin property in the amount of 144 thousand 579
dollars.
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