Item 4C MemoItem 4C
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M E M O R A N D U M
(November 5, 2019)
To: Shana Yelverton, City Manager
From: Rob Cohen, Director of Public Works
Subject: Approve a Commercial Developer Agreement (CDA) with
Office Equity Solutions for the Nolen Office Park Addition
development in an amount not to exceed $231,000.
Action
Requested: Approve a Commercial Developer Agreement (CDA) with Office
Equity Solutions for the Nolen Office Park Addition development in
an amount not to exceed $231,000.
Background
Information: The proposed Nolen Office Park development’s site requires
Village Center Drive to be constructed to minimum fire lane
specifications and width to allow for fire truck maneuverability. As
part of the 2030 Master Thoroughfare Plan, Village Center Drive is
identified as project MT 17, priority Tier 3. The Developer has
proposed to build the full section of approximately 450 linear feet of
Village Center Drive with City participation on the construction
costs. During ZA-0062 entitlement process, City Council requested
staff to investigate possible extension of Village Center Drive to the
tract’s west boundary, which is roughly an additional 100 linear feet,
totaling approximately 550 linear feet of Village Center Drive.
The Developer plans to construct approximately 550 linear feet of
the full section of Village Center Drive, to include water line, storm
sewer line, and sidewalks on the north side of the road as shown
on Attachment A. These public improvements will be constructed
within the City’s dedicated Right of Way.
Item 4C
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The Developer has requested an amount not to exceed $231,000 in
reimbursement of construction expenses for Village Center Drive.
The proposed reimbursement to the Developer would facilitate the
extension of Village Center Drive, which has been identified as a
future Collector Classified Street in the City’s 2030 Master
Thoroughfare Plan.
Financial
Considerations: Funding for the CDA for the Nolen Office Park Addition
development is provided in the General Fund of the FY 2020
budget as part of the Capital Improvement Program.
Strategic Link: This item links to the City’s Strategy Map strategic focus areas of
Quality Development and Partnerships & Volunteerism. It
specifically relates to the City’s Corporate Objectives, C4: Attract &
Keep Top-Tier Businesses to Drive a Dynamic & Sustainable
Economic Environment, and B2: Collaborate With Select Partners
to Implement Service Solutions. The Critical Business Outcomes
are, CBO3: Engage in Thoughtful Planning to Ensure Continued
High Quality Development That is Integrated Well Into The Current
Built Environment, and CBO5: Improve Quality Of Life Through
Progressive Implementation Of Southlake’s Comprehensive Plan
Recommendations.
Citizen Input/
Board Review: None.
Legal
Review: The proposed agreement is a standard agreement that the City
Attorney has reviewed and approved.
Alternatives: The City Council may approve or deny the agreement.
Public Improvements
Estimated
Construction
Cost
City Participation
Request
450 LF of Village Center Dr. $ 290,000 $ 168,000
100 LF of Village Center Dr. $ 63,000 $ 63,000
Total $ 353,000 $ 231,000
Item 4C
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Staff
Recommendation: Approve a Commercial Developer Agreement (CDA) with Office
Equity Solutions for the Nolen Office Park Addition development in
an amount not to exceed $231,000.
Supporting
Documents: Attachment A: Commercial Developer Agreement
Attachment B: Location Map
Staff
Contact: Rob Cohen, Director of Public Works
Kyle D. Hogue, P.E., Deputy Director/City Engineer
Kevin Ferrer, P.E., CFM, Civil Engineer
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Proposed
Development
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