Item 81 Passedunofficial
In plain language — from the agenda backup
This item authorizes a cost participation agreement with Vanterra Capital Group to reimburse the developer for oversizing a water main tied to a Service Extension Request. The bigger main is meant to serve a proposed mixed-use development in the city's extraterritorial jurisdiction south of Killingsworth Lane, west of Cameron Road, and north of Howard Lane. The reimbursement is capped at $709,430, available in Austin Water's Fiscal Year 2025-2026 Capital Budget.
The official agenda language
Authorize negotiation and execution of a cost participation agreement with Vanterra Capital Group, LLC for the City to reimburse the developer an amount not to exceed $709,430 for design and construction costs associated with oversizing a water main and appurtenances related to Service Extension Request No. 6398 that will provide water service to a proposed mixed-use development located in the City’s extraterritorial jurisdiction south of Killingsworth Lane, west of Cameron Road, and north of Howard Lane. Funding: $709,430 is available in the Fiscal Year 2025-2026 Capital Budget of Austin Water.
"Without objection, the consent agenda is adopted" — meeting transcript (unofficial)