STRATEGIC PRIORITY: Mobility Solutions, Infrastructure, and Sustainability
AGENDA DATE: May 13, 2020
COUNCIL DISTRICT(S):|910|DEPARTMENT: Water Utilities Department
EXECUTIVE: Majed Al-Ghafry
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SUBJECT
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Authorize a Development Participation Agreement with Billingsley LD, Ltd., for the Cypress Waters Development to participate in the engineering and construction costs of certain water and wastewater infrastructure improvements not to exceed 30 percent of total actual construction and engineering costs for such water and wastewater infrastructure improvements, pursuant to Chapter 49 of the Dallas City Code, as amended, and Chapter 212, Subchapter C of the Texas Local Government Code, as amended- Not to exceed $5,689,542.30 - Financing: Water Capital Improvement E Fund ($4,758,042.30) and Wastewater Capital Improvement D Fund ($931,500.00) (subject to appropriations)
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BACKGROUND
In 2010, the City of Dallas entered into a Memorandum of Understanding (MOU) with Cypress Waters Land Development, LLC, an affiliate of Billingsley Development Company and Billingsley LD, Ltd. (collectively "Billingsley" or "Developer"), and created the Cypress Waters TIF District for the economic development of a 948-acre site surrounding North Lake, near the intersection of Lyndon B. Johnson (LBJ) Freeway (Interstate Highway 635) and South Beltline Road ("Cypress Waters"). The 2010 MOU detailed the major water and wastewater infrastructure needed for the development and phases under which these pieces of infrastructure would be built. The water infrastructure included a pump station, elevated storage tank, ground storage, and pump station improvements to keep up with potable water demand. The wastewater infrastructure included lift stations and wastewater mains to be built as required to meet increasing wastewater service needs.
On June 8, 2011, City Council authorized a Phase I Development Agreement with ...
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