Authorize negotiation and execution of a cost participation agreement with Lennar Homes of Texas, Inc. for the City to reimburse the developer an amount not to exceed $568,225 for design and construction costs associated with a water main and appurtenances related to Service Extension Request No. 5002R that will provide water service to a proposed single-family development located in the City’s extraterritorial jurisdiction on FM 812, east of Highway 183 and west of FM 973. Funding: $568,225 is available in the Capital Budget of Austin Water.

Summary

This item authorizes the City of Austin to negotiate and enter into a cost participation agreement with Lennar Homes of Texas, Inc. The agreement will allow the City to reimburse the developer up to $568,225 for design and construction costs related to a water main and appurtenances. This infrastructure is necessary for Service Extension Request No. 5002R, which will provide water service to a proposed single-family development comprising approximately 774 homes on a 123-acre tract. The property is located in the City's extraterritorial jurisdiction on FM 812, east of Highway 183 and west of FM 973. The funding for the City's reimbursement comes from the Capital Budget of Austin Water. The agreement specifies that the City will participate in the costs of an oversized 16-inch water main, covering up to 25% of hard costs and 15% of the City's hard cost participation for soft costs. The developer will bear the cost of other required water main extensions and all associated soft costs.

Citizen Impact

This agreement facilitates the extension of water services to a new single-family development in the City's extraterritorial jurisdiction. Residents in this new development will have access to city water, and the cost participation ensures the City invests in infrastructure that aligns with long-term planning goals for the area.

Confidence

high