Item 82 Passedunofficial
In plain language — from the agenda backup
This item authorizes a cost participation agreement with Vanterra Capital Group, LLC to reimburse the developer for oversizing a wastewater lift station, force main, and gravity main serving a proposed mixed-use development in the city's extraterritorial jurisdiction south of Killingsworth Lane, west of Cameron Road, and north of Howard Lane. Oversizing the infrastructure builds in extra capacity beyond what the single development needs, which matters for how the area's wastewater system grows over time. The reimbursement is capped at $5,720,080, 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 $5,720,080 for design and construction costs associated with oversizing a wastewater lift station, force main, and gravity wastewater main and appurtenances related to Service Extension Request No. 6039 that will provide wastewater 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: $5,720,080 is available in the Fiscal Year 2025-2026 Capital Budget of Austin Water.
"Without objection, the consent agenda is adopted" — meeting transcript (unofficial)