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Item 4EItem 4E Residential Developer Agreement REQUESTED ACTION Approve Residential Developer’s Agreement with Keller Watermere, LP for Verandas at Southlake, Phase I Location Map Verandas at Southlake Residential Developer Agreement 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 Residential Developer Agreement Developer requests Off-site Drainage Participation: – 2 - 6x3 and 1- 5x3 Box Culverts Under Union Church Road The developer is requesting that the City reimburse the developer to the extent of 29.5% of actual costs not to exceed $59,306.00. Residential Developer Agreement Financial Considerations Questions: Bob Price – 748-8097