File #: 18-0535    Version: 1 Name:
Type: Agreement/Contract Status: Consent Agenda
File created: 2/12/2019 In control: City Council
On agenda: 2/18/2019 Final action:
Title: Approval of an Economic Development Agreement Between the City of Lewisville and Lizzie B Properties LLC to Obtain Ownership and Provide Public Easements for Portions of the Fire Sprinkler System Located at 143 and 139 W. Main Street and to Provide for the Installation of a Fence at 125 North Mill Street; and Authorization for the City Manager to Execute the Agreement.
Attachments: 1. Memo, 2. Agreement
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title

Approval of an Economic Development Agreement Between the City of Lewisville and Lizzie B Properties LLC to Obtain Ownership and Provide Public Easements for Portions of the Fire Sprinkler System Located at 143 and 139 W. Main Street and to Provide for the Installation of a Fence at 125 North Mill Street; and Authorization for the City Manager to Execute the Agreement.

 

request

ADMINISTRATIVE COMMENTS:

 

In exchange for the city’s ownership of the existing bulk main and riser assembly at 143 and 139 W. Main Street, along with all required public easements and the owner’s installation of an open-concept fence at 125 N. Mill Street, the city has agreed to pay the owner the amount of $35,291.

 

RECOMMENDATION:

 

That the City Council approve the economic development agreement as set forth in the caption above; and authorize the City Manager to execute the agreement.