Item 4E AudioSOUTHLAKE
REQUESTED ACTION
Approve Residential
Developer's Agreement with
Keller Watermere, LP for
Verandas at southlake,
Phase I
Location Map
Residential Developer Agreement
• Developer requests Paving Participation:
— Proposed Watermere Drive - C2U
- 60 -ft R.O.W. - 37 -ft B -B
• Development requires 31 -ft street
• $ 49,713 - Difference between 37 -ft street and 31 -ft
street
M
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 %n of actual costs not to
exceed $59,306.00.
5
Residential Developer Agreement
Park dedication — 2.32 acres
Construct trails — 0.19 miles
Park benches along trail —three (3) benches
Value of park improvements - $305,979
Park dedication fee requirement - $162,000
Requesting park credit - $143,979
M
Financial Considerations
Critical Drainage Structure Fee - $3,788
Street Construction Watermere Drive — Not to Exceed $49,713
Storm Drainage Improvements — Not to Exceed $59,306
Waterline Upsizing — Not to Exceed $18,270
Request for Park Credit - $143,979
7
City of Southlake Strategy Map
The City of Southlake provides municipal services that support the highest quality of fife.
for our residents and businesses. We do this by delivering outstanding value and
unrivaled quality in everything we do.
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I you have any questions regarding this item, contact Robert H. Price at 748 -8097.