TITLE
Consider a memorandum/resolution amending Exhibit F - Offsite Utility Plan included with the consent and development agreement between the City of Killeen, Bell County Municipal Utility District, No. 2, and WBW Land Investments, LP.
SUMMARY
AGENDA ITEM
AMENDING EXHIBIT F - OFFSITE UTILITY PLAN INCLUDED WITH THE CONSENT AND DEVELOPMENT AGREEMENT FOR BELL COUNTY MUNICIPAL UTILITY DISTRICT, NO. 2
ORIGINATING DEPARTMENT
PUBLIC WORKS - ADMINISTRATION
BACKGROUND INFORMATION
The City of Killeen entered into a Consent and Development agreement ("Agreement") with WBW Land Investments, LP ("Developer") and the to-be-created Bell County Municipal Utility District, No. 2 ("District") on June 30, 2013 (CCM/R 13-058). The Agreement addresses the planned development of approximately 1,373 acres south of Chaparral through the creation of a municipal utility district.
The Agreement includes provisions for: 1) the ability of the City to exercise development control and oversight that the City would not otherwise have due to the development's location in the County; 2) the realization of approximately $5,125,000.00 in reimbursements for the construction of improvements necessary to mitigate the community impact of the development and serve the development and surrounding areas; 3) the reduction of the density of the project from a possible 4,816 residential dwelling units to a maximum of 3,750 residential dwelling units; 4) control relating to the design and construction of water, wastewater and storm water drainage infrastructure to ensure compliance with City standards; 5) generation of additional revenue from the provision of water, wastewater and solid waste services, without the typical offset expense associated with debt issuance necessary to construct master plan projects within the City; 6) a commitment from the developer to preserve 25% of the property as open space, including a commitment to provide a minimum of 100 acres...
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