Agenda

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City Council Regular Meeting

Meeting Date:

03/28/2023

BACKGROUND

2020 F1 Graytown, LLC is the developer of the Graytown Subdivision in southern Schertz. The development is approximately 225 acres generally located on the south side of Graytown Road between IH-10 and Boenig Road. The majority of the project is to be a single family residential development, but two tracts totaling approximately 18.5 acres are zoned for commercial.

The developer is seeking to defer improvements to Boenig Drive that are triggered by the platting of Unit 1A, for up to two and a half years, to July 1, 2025. The Subdivision Improvement Agreement obligates them to start construction by January 1, 2024 or in conjunction with development of Unit 2, whichever comes first. Similarly, the developer is seeking to defer improvements to Graytown Road that are triggered by the platting of Unit 3A, for up to two and a half years, to July 1, 2025. The Subdivision Improvement Agreement obligates them to start construction by January 1, 2024 or in conjunction with development of Unit 4, whichever comes first.

Staff is recommending approval of these agreements as there is little benefit to the developer constructing such short sections of road with each plat - Units 1A and 3A. Rather it is more cost-effective and less disruptive of traffic to construct longer sections with Units 2 and 4.

GOAL

Provide for the orderly development of infrastructure within the City of Schertz.

COMMUNITY BENEFIT

Provide for development of infrastructure in a timely, cost-effective manner.

SUMMARY OF RECOMMENDED ACTION

Staff recommends approval of Resolution 23-R-02 authorizing the City Manager to enter into Subdivision Improvement Agreements with 2020 F1 Graytown, LLC for Graytown Subdivision Units 1A and 3A.

FISCAL IMPACT

The developer is putting up a surety for 125% of the cost of the public improvements being deferred for each plat. If the City has to call in the surety in the event of a default and costs exceed 125% the City might have to cover the difference and then try to recoup the difference from the developer.

RECOMMENDATION

Approval of Resolution 23-R-02.

Attachments
Resolution 23-R-02
Graytown 1A Subdivision IA
Graytown 3A Subdivision IA