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File #: 15-19589    Version: 1 Name:
Type: Business Item Status: Agenda Ready
File created: 1/20/2023 In control: City Council Business Meeting
On agenda: 2/27/2023 Final action:
Title: Appropriate Private Developer Funds
Attachments: 1. Appropriate Private Developer Funds Map, 2. Appropriate Private Developer Funds Budget Ordinance


Appropriate Private Developer Funds




Adopt a budget ordinance appropriating $513,705 in private developer funds for infrastructure improvements to the General Capital Projects Fund from the following developers:

-                     EBA Crystal Real Estate, LLC

-                     Phillips Place Owner II, LLC



Staff Resource(s):

Phil Reiger, General Services

Jennifer Smith, General Services

Veronica Wallace, General Services



§                     Private developer agreements and appropriations are needed when a developer is required through the city rezoning process to make infrastructure improvements.

§                     The private developers are providing funds to the city, and the city will construct the required improvements on behalf of the developers.

-                     EBA Crystal Real Estate, LLC contributed $413,705 for the JW Clay Boulevard Streetscape Project (Council District 4).

-                     Phillips Place Owner II, LLC contributed $100,000 for the South Park Comprehensive Neighborhood Improvement Project for LOOP Improvements (Council District 6).

§                     The developer contribution is based on agreed upon amounts during the rezoning process.


Fiscal Note

Funding:  Private Developer Contributions to the General Capital Investment Plan





Budget Ordinance