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