1984-03-14 Regular Meeting - Laserfiche WebLink

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,;~ • • • THE STATE OF TEXAS § § COUNTY OF HARRIS § This Agreement made and entered into by and between the CITY OF LA PORTE, a municipal corporation of Harris County, Texas, hereinafter called "City", and KAY HOMES, INC., a Texas business corporation having its principal office in Houston, Harris County, Texas, hereinafter called "Kay Homes," W I T N E S S E T H: 1. The City of La Porte, by its Ordinance No. 1393, finally passed and approved on December 28, 1983, has heretofore annexed and • made a part of the corporate limits of the City, all of the area which formerly comprised the College View Municipal Utility District. Kay Homes was and is an active residential home builder in the former College View Municipal Utility District. The sewer treatment plant in the College View Municipal Utility District was not, at the time of annexation, meeting current regulatory requirements to comply with its operation permit. City's engineers have recommended the construction of necessary lines and lift stations to transport the effluent from College View Municipal Utility District to City's central sanitary sewer treatment plant. Kay Homes has agreed to pay certain sums to City to be applied toward the cost of such facilities, in consideration of City agreeing to issue certain building permits • to Kay Homes, so that Kay Homes may continue without interruption its residential building program in Brookglen, Section III, a sub- . division in Harris County, Texas. The fees paid to City hereunder by Kay Homes shall be considered Capital Cost Recovery Fees. 2. For and in consideration of the payment of Two Hundred Forty Six Thousand Nine Hundred Sixty~Dollars ($246,960.00) by Kay Homes to City, the receipt and sufficiency of which is hereby acknow- • ledged, as and for a Capital Cost Recovery Fee, to be deposited by City to City's Water and Sewer Improvement Fund, to be used by City ~r ~.