File #: 24-3710    Version: 1 Name:
Type: Agreement/Contract Status: Consent Agenda
File created: 9/4/2024 In control: City Council
On agenda: 9/16/2024 Final action:
Title: Approval of a Professional Services Agreement with Teague Nall and Perkins, Inc. in the Amount of $59,000 for a Drainage Analysis for the Southwest Corner of the intersection of Valley Ridge Boulevard and East College Street and Authorization for the City Manager or Her Designee to Execute the Agreement.
Attachments: 1. 01 - Memo TNP PSA Valley Ridge Drainage Study, 2. 02 - PSA TNP Valley Ridge-E. College, 3. Exhibit A - Insurance, 4. 03 - Exhibit B Scope of Services, 5. 04 - Location Map
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Approval of a Professional Services Agreement with Teague Nall and Perkins, Inc. in the Amount of $59,000 for a Drainage Analysis for the Southwest Corner of the intersection of Valley Ridge Boulevard and East College Street and Authorization for the City Manager or Her Designee to Execute the Agreement.

 

request

ADMINISTRATIVE COMMENTS:

 

Old Town Lewisville Tenant I, LP and Old Town Lewisville Tenant II, LP (collectively referred to as the “Developer”) have entered a public-private partnership with Lewisville PFC (“LPFC”) to construct The Standard at Old Town (the “Project”). The Project is a 600-unit Class A multifamily rental housing development to be located at approximately 701 East Main Street and will be completed in two phases. As part of the Project, the City is partnering with the Developer to construct required public infrastructure and to establish a regional drainage solution. This Professional Service Agreement will provide for development of options for regional drainage solutions for the Project.

 

RECOMMENDATION:

 

That the City Council approve the Agreement as set forth in the caption above and authorize the City Manager or her designee to execute the agreement.