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Heartz Road/FP-AG 890725~ev. 4-24-89 AGENDA REQUEST FORM CITY COUNCIL MEETING July 25, 1989 ITEM NO. ~ ITEM CAPTION: Consideration and approval of an ordinance providing for pro-rata reimbursement in regard to construction of Heartz Road in the area north of Sandy Lake Road and authorizing the Mayor to sign. SUBMITTED BY: (Director' s' Signature) EVALUATION OF ITEM: £ STAFF REP.: OTHER REP.: DATE: BUDGET AMT.: COMMENTS: AMT. ESTIMATED: AMT. +/- BUDGET: FINANCIAL REVIEW BY: LEGAL REVIEW BY: AGENDA REQ FORM 0588DS REVIEWED BY CM: AN ORDINANCE OF THE CITY OF COPPELL, TEXAS ORDINA#C~ NO. AN ORDINANCE OF THE CITY OF COPPELL~ TEXAS, PROVIDING FOR THE COLLECTION OF A PRO RATA COST FROM AN AFFECTED PROPERTY PURSUANT TO THE AGREEMENT SET FORTH 'IN 'THIS ORDINANCE BETWEEN ABQ DEVELOPMENT coRpoRATION AND THE OWNERS OF THE AFFECTED PROPERTY; PROVIDING THAT THE AMOUNT COLLECTED SHALL BE AN AMOUNT OF MONEY EQUAL TO THE REIMBURSEMENT DUE ABQ FOR CONSTRUCTION OF THAT PORTION OF PROPOSED HEARTZ ROAD WHICH WILL BE ADJACENT TO THE PROPERTIES OWNED BY ABQ DEVELOPMENT CORPORATION AND THE OWNERS OF THE AFFECTED PROPERTY; DESCRIBING THE AFFECTED PROPERTY; PROVIDING FOR REIMBURSEMENT AS SUCH PRO RATA PAYMENTS ARE COLLECTED; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, ABQ Development Corporation (hereinafter referred to as "ABQ"), a New Mexico corporation with its headquarters located in Albuquerque, New Mexico, and Joan Sokora Blake and husband, Tomm~l~ J. Blake, Mary Beth Shields and husband J. W. Shields, Tim Sokora and wife Kay Sokora, and Jaequie Stubblefield, a widow (hereinafter referred to as ,'Owners"), and the City of Coppell, Texas, have entered into an agreement evidenced by the approval and adoption of this ordinance concerning the eonstruetion of proposed Heartz Road between property owned by ABQ on the west and property owned by Owners on the east and extending north of Sandy Lake Road a distance of approximately 620.89 .feet; and WHEREAS, ABQ and Owners have dedicated sufficient right-of-way, slope easement, and temporary construetion easements for the purpose of constructing said proposed Heartz Road, as shown on Exhibit "A" attached hereto; and WHEREAS, AB(~ has agreed to construct at its sole cost and expenSe said roadway over the dedicated right-of-way in accordance with planS and specifications approved by the City; and WHEREAS, upon completion of such roadway in accordance with said plans, the City of Coppell shah accept such improvements as a dedicated street; and WHEREAS, the City of Coppell has agreed, in lieu of assessment against Owners' property to adopt this pro rata ordinance establishing by agreement with Owners a pro rata charge to be collected at the time Owners' property is finally platted for development and to reimburse AB(~, to the extent authorized by this ordinance, in return for its present construction of the full width of the roadway; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS: SECTION 1. Upon final completion, dedication, and acceptance by the City of the improvements to be conStructed by AB(~ pursuant to this ordinance and the agreements between the parties expressed herein, the actual cost thereof shall be determined and a pro rata reimbursement shah be calculated. Thereafter, the City shall charge and collect from each developer of the affected property of Owners at the time the final plat of the affected property (or any part thereof) is approved by the City of Coppell, an amount of money equal to such developer's pro rata share (based on the area of the affected property so platted by the developer). SECTION 2. City shall deposit all such funds so collected by it in an account designated as the ,,Perkins/ABQ Account," and each three (3) months shall pay to said AB~ the accumulated funds so collected, less an administrative f~e of .1%, and shall continue to do so until the City shall have collected and paid to ABG{ as reimbursement the total actual cost of construction due AB~ pursuant to the terms of this ordinance less said administrative charge; provided, however, the City of Coppell shah not be obligated to reimburse ABQ any pro rata charges collected pursuant to this ordinance after fifteen (15) years from the effective date of this ordinance. SECTION 3. This ordinance shall take effect immediately from and after its adoption, as the law in such eases provides. DULY PAMMBD by the City Council of the City of Coppell, Texas, this the o(~,~'/~ day of ~ , 1989. APPROVED: MAYOy -- ATTEST: C/~-~EC~R ETA RY AGREED TO AND APPROVED: By ~ , / Staff Sti-i~kmaff Senior Vice President AGREED TO AND APPROVED: Ton~i~J. Blake f/ J.W. Shields APPROVED AS TO FORM: / City Attorney CO89-0620 LWJ/sb ABQ DEVELOPMENT CORPORATION 89' 49' 09' E - 30.01' __NORTH PROPERTY LINE -- RUTH PERKINS TRACT 45'TOTAL PAV~Iv~NT 10' SLOPE EASISIVENT 25' TEI~Y GONSTI~tJGTION EA~'I~'~T 'MENT CORPORATION_ PROPERTY OF UNKNOWN OWNERSHIP TO BE DEDICATED FOR HEARTZ ROAD RIGHT--OF--WAY '- 0.3401 ACRES SANDY RUTH PERKINS AREA FROM RUTH PERKINS '1'O BE DEDICATED FOR HEARTZ' ROAD RIGHT--OF--WAY =' 0.0858 ACRES ST~-r ce~rEnu~ EXISTING ~ LINE WEST PROPERTY LINE -- RUTH PERKINS TRACT $ ~3'° 53 &3' W -- 12.~'4' S 80' 34' 17' W -- 18.O4'