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HomeMy WebLinkAboutResolution 3568-12-2007A RESOLUTION NO 3568-12 2007 CONSENTING TO THE CREATION OF TRADITION MUNICIPAL UTILITY DISTRICT NO 2 OF DENTON COUNTY AND TO CERTAIN ROAD PROJECTS WITHIN THE DISTRICT AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE AGREEMENT CONCERNING CREATION AND OPERATION OF TRADITION MUNICIPAL UTILITY DISTRICT NO 2 OF DENTON COUNTY" FOR THE TRADITION DEVELOPMENT WHEREAS effective May 3 2005 the City of Fort Worth (the `C~") adopted a Policy Concerning Creation of Conservation and Reclamation Distracts (the `Creation Policy") WHEREAS by House Bi113182, 80th Texas Legislature, Regular Session, Special Distract Local Laws Code, Chapter 8189 effective September 1 2007 (the `District Legislation'), the Texas Legislature approved the creation of Tradition Mumcipal Utility Distract No 2 of Denton County encompassing that certain 1,920-acre tract situated in the City's extraterritorial ~urisdichon m Denton County Texas, described m Section 2 of the Distract Legislation (the `District"), which Distract lies m the extraterntoraal jurisdiction of the City• WHEREAS, Section 8189 023 of the Distract Legislation provides that the election to confirm the creation of the Distract may not be held unless the City adopts a resolution after September 1 2007 reconfirming its consent to the creation of the Distract; WHEREAS, Section 8189 102(c) of the District Legislation provides that the District may not undertake a road project unless the City consents by ordinance or resolution, WHEREAS, Aperaon Communities, LLLP Eladio Properties, LLLP Drooy Properties, LLLP and Rocksand Investments, LLLP all Arizona limited liability limited partnerships (collectively `Owner"), have petitioned the City to obtain the City's consent to the creation of the District and to the undertaking of a road project by the Distract, as defined m the petition, WHEREAS, the Crty and Owner have negotiated the terms of the Agreement Concerning Creation and Operation of Tradition Municipal Utility District No 2 of Denton County" between the City the Distract and Owner (the `Consent Agreement") attached hereto as Exhibit A, and 014940 00010:998807 03 RESOLUTION NO 3568-12-2007 WHEREAS, following rts review of the Creation Policy and the Consent Agreement, the City Council desires to adopt this Resolution, which consents to creation of the Distract subject to the terms of the Consent Agreement, complies with the consent process set forth in Section 8189 023 of the District Legislation, and consents to the Road Project as defined in and subject to the Consent Agreement, pursuant to Section 8189 102(c) of the District Legislation, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS 1 That the City Council of the City of Fort Worth hereby grants rts consent to the creation of Tradition Mumcipal Utility District No 2 of Denton County pursuant to the District Legislation and subject to the terms and conditions set forth m the Consent Agreement. 2. That the City Council of the Crty of Fort Worth hereby grants rts consent to the Road Project as defined in the Consent Agreement, subject to the terms and conditions set forth in the Consent Agreement. 3 That the City Manager or a designee is hereby authorized to execute the Agreement Concerning Creation and Operation of Tradition Mumcipal Utility District No 2 of Denton County attached hereto as Exhibit A, and that the City Secretary is hereby authorized to attest such execution for and on behalf of the City in multiple counterparts. 4 That this Resolution shall constitute consent to the creation of the District pursuant to Section 8189 023 of the Distract Legislation and consent to the Road Project, as defined m the Consent Agreement, pursuant to Section 8189 102(c) of the Distract Legislation. That it is officially found and determined that this meeting of the Crty Council of the Crty of Fort Worth is open to the public as required by law and that written notice of the date, hour place and subject of the meeting was posted for at least seventy two hours before the meeting as required by law 014940 00010:998807 03 RESOLUTION NO 3568-12-2007 6 That this Resolution and the Consent Agreement shall supersede any prior resolutions or agreements regarding the City's con sent to creation of the District. Adopted the 18th day of December, 2007 ~•,~~ ~~~.~~~`~'~ f ~ ~ `~. ~ "' APPRQUf D , .x f~. ~ ~: ~ CITY COUNCIL ~ ~ ~. ._ `~ f~ ~ Marty Hendrix~`~'" DEC 1 8 2007 City Se"cretary j !` ~ =~ '^'~, ~*` "",~~.~ ~~` City Secretary of the G "~,~ ,~`' ~'~ ,~ City of Fort Worth, Texas trI y~: ' ~4 Pjrl..r •~. ' e++~~__ 014940.00010:998807 03 RESOLUTION NO 3568-12-2007 Exhibit A The Agreement Concerning Creation and Operation of Tradltlon Mumclpal Utility District No 2 of Denton County is available for mspechon and copying m the City Secretary's Office, Third Floor of Crty Hall, 1000 Throckmorton. 014940 00010:998807.03 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION Approved on 12/18/2007 Res No 3568-12 2007 DATE Tuesday December 18 2007 LOG NAME 06TRADITION2 REFERENCE NO C 22589 SUBJECT Authorize Execution of the Consent Resolution Development Agreement, Buy-Out Option Agreement, Impact Fee Agreement, Utility Agreement, Wholesale Wastewater Service Agreement, and the Agreement for the Sale of Treated Water and Approve the Form of the Strategic Partnership Agreement for Tradition Municipal Utility District No 2 of Denton County RECOMMENDATION It is recommended that the City Council 1 Adopt a resolution consenting to the creation of Tradition Municipal Utility District No 2 of Denton County ("District") 2 Authorize the City Manager or a designee to execute the following contingent upon receipt of necessary executed documents from Aqua Utilities a A Development Agreement between the City and Aperion Communities LLLP Eladio Properties, LLLP and Drooy Properties, LLLP and Rocksand Investments LLLP b A Buy-Out Option Agreement between the City Aqua Utilities Aperion Communities, LLLP Eladio Properties, LLLP and Drooy Properties LLLP and Rocksand Investments, LLLP and the District; c An Impact Fee Agreement between the City Aqua Utilities Aperion Communities LLLP Eladio Properties, LLLP and Drooy Properties, LLLP and Rocksand Investments, LLLP and the District; d A Utility Agreement between the City and Aqua Utilities, Aperion Communities LLLP Eladio Properties LLLP and Drooy Properties LLLP and Rocksand Investments LLLP and the District; e A Wholesale Wastewater Service Agreement between the City and Aqua Utilities, f An Agreement for the Sale of Treated Water between the City and Aqua Utilities, and 3 Authorize the City Manager or a designee to bring forth the Strategic Partnership Agreement for approval after the formation of the Municipal Utility District. DISCUSSION Aperion Communities LLLP Eladio Properties, LLLP and Drooy Properties LLLP and Rocksand Investments LLLP (AEDR) are Arizona limited liability partnerships that own and are developing approximately 2 663 acres in Fort Worths and Northlake s extraterritorial jurisdiction as a mixed-use development to be known as `Tradition The property is in Denton County and is located north of Highway 114 and west of Highway 156 On December 13 2005 (M&C C-21198) the City Council authorized the City Logname 06TRADITION2 Page 1 of 3 Manager to enter into contracts for the first 431 acres of this development known as Tradition Municipal Utility District No 1 of Denton County The district was confirmed by the voters on May 12, 2007 On September 12 2006 (M&C G-15392) the City Council granted conditional consent to Tradition Municipal Utility District No 2 of Denton County in response to a petition submitted by AEDR. The intent was to allow the creation of a 'master MUD" that would subsequently be subdivided into smaller tracts consistent with their development phases. During the 2007 legislative session H B 3182 was approved and authorized the creation of this district consisting of 1 922.737 acres subject to adoption of a consent resolution by the Fort Worth City Council The attached resolution grants formal consent to the formation of the District and specifically grants to the District the authority to finance road projects In addition it grants the City Manager the authority to execute the Agreement Concerning Creation and Operation of Tradition Municipal Utility District No 2 of Denton County" (the Consent Agreement) This is the contract between the developer the District, and the City governing .the issuance of bonds the construction standards for infrastructure and the terms of future annexation The other documents listed above which are available for public inspection and copying in the City Secretary's Office can be summarized as follows The Development Agreement provides for the enforcement of municipal building codes and establishes land use and development regulations for the Development. In addition it imposes Special Regulations to govern design issues such as block lengths and street right-of-way and sidewalk widths. The Development will generally be in compliance with development standards within the City limits The Agreement also identifies enhancements beyond the City's regulations in terms of amenities, entry features and landscaping The remaining five agreements identified as items b through f above relate to the provision of water and wastewater facilities and service to the Development. Aqua Utilities is the holder of the Water Certificate of Convenience and Necessity (CCN) in the Development and are therefore party to several of the agreements Aqua Utilities will provide retail water and wastewater service to the Development. The City will provide wholesale water service through a wholesale contract similar to those with our customer cities The provider for wholesale wastewater service is still under negotiation The goal of the City and the Developer is to partner with Trinity River Authority (TRA) and install a new interceptor line from the existing TRA wastewater treatment facility at Denton Creek. If this occurs, the City will provide wholesale wastewater service to Aqua Utilities through a wholesale contract and a TRA interceptor line agreement will be brought to City Council for consideration If the negotiation of TRA interceptor option is unsuccessful the Developer intends to build a package treatment plant to be operated by Aqua Utilities The Impact Fee Agreement will allow the City to recover the treatment, pumping and other infrastructure costs associated with providing water and wastewater service to the Development. Under the Buy-Out Option Agreement the City has the option to purchase the water and wastewater facilities in the Development from the District for $10 and become the retail water and wastewater service provider This can occur at anytime after 17 years of the first connection to retail water or wastewater utility service within a District, or within 90 days before the date of annexation of a District by the City Aqua Utilities will agree not to contest the application of the City for the CCN for the area within that District. The Strategic Partnership Agreement will authorize the City to annex acreage within the Development designated for commercial development for the limited purpose of imposing sales and use tax. This agreement will be presented to the City Council with the appropriate public hearings after the district is formally established by election Logname 06TRADITION2 Page 2 of 3 This Development will not require the expenditure of City funds or the collection of offsetting revenue for wholesale services for several years. FISCAL INFORMATION/CERTIFICATION The Finance Director certifies that approval of these Agreements will have no immediate material effect on City funds. Any effect on expenditures and revenues will be budgeted in future fiscal years TO Fund/AccountlCenters Submitted for City Manager's Office b~ Originating Department Head. Additional Information Contact: FROM Fund/AccountlCenters Dale Fisseler (6140) Fernando Costa (8042) Susan Alanis (8180) Logname 06TRADITION2 Page 3 of 3