1997-10-27 Regular Meeting of City Council

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e e REQUEST FOR CITY COUNCIL AGENDA ITEM Agenda Date Requested: October 27, 1997 Requested By: Guy Rankin (1)<.. 'X.. Department: Planning Report Resolution Ordinance Exhibits: Development Agreement with Exhibits Summary Be Recommendation Summary: The Preliminary Plat for Summer Winds, Section One was approved by the Planning and Zoning Commission on July 17, 1997. Section 5.01 of the Development Ordinance states that "partial or half-streets may be provided where the Commission feels that a street should be located on a property line." The Planning and Zoning Commission and staff recognize that development of the proposed subdivision (and eventually the commercial zone to the south) will create demand for CaniffRoad. Therefore, a specific condition of the Preliminary Plat approval was that City Council approve an Agreement that established the amount of participation by the Developer for the construction of a portion of Caniff Road. Also, it is the City's policy that all developer agreements be approved by City Council. Attached is a tabulation of estimated construction costs for Caniff Road. The estimate provides for the initial 100 feet of the road from Underwood to be concrete with curbs and gutters. The remainder of the road, terminating into Pecan Crossing, would be constructed of flexible base and asphalt with open ditches. The assumption that guided the preparation of this Agreement is that the City will pay for one- half of the cost of improvements and the Developer is required to participate in the other one- half of the cost of improvements where the Developer has frontage on Caniff Road. Caniff Road is approximately 1700 feet in length and the Developer has approximately 2,150 feet of frontage. Other owners of property to the south are two churches. Only a portion of the churches' properties are considered developed and covered by a site plan on file with the City. (See Development Agreement, Exhibit "A") The calculation for the Developer's participation is as follows: o The total cost of the project is estimated . o One-half on the total is the City's responsibility o The remaining half is divided by the total frontage of all properties to obtain a per foot cost $79,893/ 3400ft = $23.50 per foot o Multiply the Developer's frontage by the per foot cost $23.50*2,150 = 550,520.57 $159,786 $ 79,893 Since the General Plan for Summer Winds indicates two phases, the Agreement provides for the Developer to divide his participation to the City. The Developer has requested that the initial participation be the actual construction of the first 100 feet of Caniff Road which is designated to be 32 feet wide concrete with curbs and gutters. This is estimated to cost $24,880. The second