Item 4G
Resolution No. 15-006 and 380 Agreement with Strode Property Co. for Kimball Oaks
Item 4G
Presentation Overview
2
E SOUTHLAKE BLVD
CISD Eubanks Intermediate School and Dawson Middle School.
S KIMBALL AVE
Kimball
Crossing
Chik-Fil-A
Project Overview
4
13.86 acres
123,100 sf
102,100 retail
21,000 restaurant
PGA Tour Store
Annual Tax Revenues
5
Development Costs – Public Assets
6
Village Center South
Existing CISD Drive
S. Kimball Ave
New Drive Connection
Actuated Crosswalk
Location TBD
New Median Break
S-Bound VCS Decel Lane
Remove Drive Connection
Extend Median
New 8-inch Water Line
Fees eligible for reimbursement
Council Directive
$197,092 Project Reimbursement
Improvements Meet 2030 Master Thoroughfare Plan
Meets Strategy C2 – Provide Travel Convenience
Meets Strategy F2 – Invest to Provide High Quality Public Assets
Meets EDB2 – Manage Incentive Programs to Attract and Retain High Quality Businesses
Public Works Review
Underground utilities at site being investigated
Cost of burying three utilities at project
- Encore: Approximately $450,000
- Charter Communications: unknown
- TW Telecom unknown: unknown
Total of burying all utilities could exceed $600,000
Potential Future Work in the Area
10
Contact:
Shannon Hamons, 817-748-8037