Title
Consider and take action on a resolution approving the utility conveyance and security agreement with Galveston County Municipal Utility District No. 45 for water, sanitary sewer, paving and drainage facilities associated with the Coastal Point Subdivision, Madrid Lane Extension Phase 2 (Executive Director of Development Services)
Background:
Approval of this resolution will approve the utility conveyance and security agreement with Galveston County Municipal Utility District No. 45 (the “District”) for Coastal Point Subdivision, Madrid Lane Extension Phase 2.
The District has constructed certain water, sanitary sewer, street and drainage facilities and is formally conveying the facilities to the City pursuant to the Utility Agreement, by and between the City and the District (Ordinance No. 2003-53, 2006-17 First Amendment, 2006-96 Second Amendment). Subject to a security interest retained by the District, the agreement requires that these facilities be conveyed to the City for ownership, operations and maintenance.
The municipal infrastructure for the development was accepted by the City on the following date:
1. Coastal Point Subdivision, Madrid Lane Ph 2 08/29/2023
Attachments:
1. Proposed Resolution
2. Exhibit A - Utility Conveyance and Security Agreement
3. City Acceptance Document
4. Aerial Map
FUNDING
{X} NOT APPLICABLE
STRATEGIC PLANNING
{X} NOT APPLICABLE