Title
A resolution approving a Water Transportation and Emergency Interconnection Agreement with Kaufman County Municipal Utility District No. 12 and BDMR Development, LLC, to provide temporary treated water to the Polo Ridge Ranch development situated on approximately 805.79 acres of land located south of FM 740, west of FM 2757 and north of Kelly Road in Kaufman County, Texas, and within the corporate limits of the City of Mesquite, Texas, and authorizing the City Manager to finalize, execute and administer the agreement on behalf of the City.
Body
On March 5, 2018, the City Council approved a Development Agreement with BDMR Development, LLC (Developer) to participate in the financing of up to $35 million in public infrastructure improvements for a 1,007 lot single-family residential development on 805.79 acres in Kaufman County, known as Polo Ridge Ranch (Development). As part of the agreement, the Developer agreed to voluntary annexation of the property and this occurred on December 16, 2019.
The City will be the retail water provider for the Development, but construction of the City's large diameter water transmission main that will extend water service to this area along IH-20 has been delayed due to ongoing negotiations with property owners to acquire necessary easements and a 10-acre tract for a three million gallon ground storage tank and pump station. This water line and pump station will not be completed until early 2022.
The City issued $14.5 million in special assessment revenue bonds (PID bonds) on July 1, 2019, and the Developer has already obtained a grading permit to begin rough grading and utility work. In order to construct streets and pad sites for phase one of the Development, the Developer will need construction water. Therefore, on April 17, 2020, the Developer executed an amendment to the Development Agreement whereby the Developer agreed to assist the City in obtaining temporary treated water from Kaufman Municipal Utility District No...
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