Item 9BITEM 9B
Authorize a
Commercial Developer Agreement
with Keller Watermere, L.P., for South Village at Watermere, located south of West Southlake Boulevard between Pearson Road and Davis Boulevard
South Village at Watermere
Site Location
South Village at Watermere
Council Consideration required:
Request for Public Participation
Watermere Drive -- $49,713
Off-Site Drainage -- $59,306
Park Dedication and Improvements
South Village at Watermere
Residential Retirement Community
Standard Commercial Developer Agreement as previously approved by City Council
South Village at Watermere
Proposed Public Infrastructure includes:
1,300 LF of Public Paving
6,000 LF of Public Water Line
3,500 LF of Public Sanitary Sewer Line
2,000 LF of Public Storm Sewer
South Village at Watermere Proposed Utility Plan
1,300 LF PUBLIC PAVING
6,000 LF PUBLIC WATER LINE
3,500 LF PUBLIC SANITARY SEWER
2,000 LF PUBLIC STORM SEWER
South Village at Watermere
Developer requests Paving Participation:
Proposed Watermere Drive - C2U
60’ R.O.W. – 37’ B-B
Development requires 31’ street
$ 49,713 - Difference between 37’ street and 31’ street
South Village at Watermere
Developer requests Off-site Drainage Participation:
– 2 - 6x3 and 1- 5x3 Box Culverts Under Union
Church Road
The developer is requesting that the City participate in the engineering, construction and surveying of off-site drainage improvements by reimbursing the developer to the extent of 29.5%
of actual costs not to exceed $59,306.00.
South Village at Watermere Park Issues
Park Dedication Fees
$90,000
Park Dedication
6 Acres of Private Open Space
South Village at Watermere Park Issues
Developer will construct
8’ paved pathway on the east side of Watermere Drive
1.25 miles of 5’ paved trails on the west side of Watermere Drive connecting the public parkland at Southlake Boulevard to Union Church Road
6’ paved sidewalk along Union Church Road
South Village at Watermere Park Issues
Phase 2 Park Improvements
2 Lighted Tennis Courts
Fishing Pier
Outdoor Neighborhood Pool
Horseshoe Pit
Pavilion
Phase 2 Park improvements will be completed within one year of final acceptance
South Village at Watermere
Recommendation:
Approve Developers Agreement for South Village at Watermere
Delete playground requirement
Grant Park Board authority to redetermine amount of Park Dedication fee
Questions? Bob Price (817) 748-8097