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HomeMy WebLinkAboutRes 02-30 Directing Staff to Work with AIL Investments, L.P., and its Affiliates, Toward Producing a Fair Cost Sharing AgreementTOWN OF WESTLAKE RESOLUTION NO. 02-30 A RESOLUTION OF THE BOARD OF ALDERMEN OF THE TOWN OF WESTLAKE, TEXAS DIRECTING STAFF TO BEGIN WORKING WITH AIL INVESTMENT, L.P., AND ITS AFFILIATES, TOWARD PRODUCING A FAIR AND JUST COST SHARING AGREEMENT RELATIVE TO THE COSTS NECESSARY TO CONSTRUCT PUBLIC PROJECTS. WHEREAS, the Town of Westlake is home to the historic 2,500 acre Circle T Ranch, and; WHEREAS, the Town of Westlake has adopted a master plan for development of Westlake, including the Circle T Ranch, and; WHEREAS, the Town of Westlake has adopted ordinances intended to guide development of the Town of Westlake in a manner consistent with the Board of Aldermen's goal of providing the highest quality development to produce the highest quality of life possible for Town of Westlake residents and businesses, and; WHEREAS, it has long been the policy of the Town of Westlake to require that new development result in sufficient income to the Town of Westlake to pay for public infrastructure and support services provided by the Town of Westlake, and; WHEREAS, the Circle T Ranch represents the majority of potential future commercial development in the Town of Westlake, and; WHEREAS, infrastructure that will serve development on the Circle T Ranch must be planned and constructed in accordance with the Town of Westlake master plans and development standards so as to provide services to the remainder of the Town of Westlake, and; WHEREAS, the Town of Westlake recognizes that the public infrastructure projects and costs in the attached "Exhibit A" serve as a general estimate of anticipated public improvements needed to comply with Town development standards and expectations, and; WHEREAS, the Town of Westlake requires that utilities and infrastructure be constructed in accordance with the Town of Westlake master plans that serve not only the Circle T Ranch, but the entire community of Westlake, and; WHEREAS, the Town of Westlake desires to work toward a cost sharing agreement with AIL Investment, L.P. and its affiliates that will facilitate a fair and just cost participation by the Town of Westlake for the development benefits produced by these public infrastructure projects. 07/08/2002 4:41 PM 1 007670M03 1:674527.03 NOW THEREFORE BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE TOWN OF WESTLAKE, TEXAS: SECTION 1: That the Mayor and Board of Aldermen of the Town of Westlake direct the staff to begin working with AIL Investment, L.P. and its affiliates toward producing a fair and just cost sharing agreement, and, that the list and costs of projects included in Exhibit "A" be refined and specified as development needs become more clear, and; SECTION 2: That the list of projects in Exhibit "A" is considered a first look at necessary projects which neither binds the Town of Westlake nor AIL Investments, L.P. or its affiliates with respect to requirement for participation or ultimate cost and that both parties understand that the Town of Westlake's participation will be based on the projects and costs agreed upon in the final cost sharing agreement if such agreement can be reached, and; SECTION 3: That the cost sharing methodology agreement be replicable, fair and just to all developers in the Town of Westlake, and, SECTION 4: That the final cost sharing agreement take into consideration the Town's option to use economic development incentives, and; SECTION 5: That a final cost sharing agreement be brought back to the Board of Aldermen for consideration prior to July 15, 2003, and; SECTION 6: That this Resolution shall become effective upon the date of its passage. PASSED AND APPROVED ON THIS ST' DAY OF JULY, 2002. ATTEST: i r Gin&t Crosswy, Town So ,retary L `StTnton ro)yfy/T on Attorney Scott Bradley, Mayor Trent O. Pet y, Town anager 07/08/2002 4:41 ?M 2 007670.00031:67482-1 .0 3 Exhibit "A" WESTLAKEICIRCLE T ESTIMATED PUBLIC INFRASTRUCTURE PROJECTS AND COSTS infrustruc costs revised DATE PRINTED: 07/16/2002 Infrastructure Cost Analysis PAGE 1 Of' 7 12:41 PM DESCRIPTION OF ITEMS QUANT. UNIT UNIT COST SUBTOTAL G ROADS 40,800 S, F. $60 $2,448,000 1 Westlake Pkwy Loop East 6 LD - SH 114 to N. Conn. 2,300 L. F. $990 $2,277,000 2 Westlake Pkwy Loop East 4 LD - N. Conn. To M. Conn. 1,600 L. F. $700 $1,120,000 3 Westlake Pkwy Loop East 4 LD - M. Conn. To Fidelity 4,400 L.F. $700 $3,080,000 4 East Connector - 4 LUD - Dove to WLP East Loop 3,500 L. F. $480 $1,680,000 5 Middle Connector (M. Conn.) 4LD 3,200 L. F. $700 $2,240,000 6 North Connector (N. Conn.) 4 LU 3,2C0 L. F. $480 $1,536,000 7 Ottinger 4LU (170 to N. Conn.) 1,900 L. F. $480 $912,000 8 West Connector 4 LU - 170 to WLP West Loop 2,800 L. F. $480 $1,344,000 9 Westlake Pkwy Loop West 6LD 377 to Golf Area 6,500 L.F. $990 $6,435,000 10 Westlake Pkwy Loop West 4LD Golf Area to N. Conn. 4,140 L. F. $700 $2„870,000 11 Westlake Pkwy Loop West 6LD N. Conn. to SH 170 900 L.F. $990 $891,000 12 Roanoke Road N of SH 170 (Overlay Only) 2,000 L. F. $50 $100,000 13 Pari5hlEagle N. of 170 -4 LD 1,600 L. F. $700 $1,120,000 14 Roanoke Rd. Conn. S. of WLPW to Keller 2 LN UnDiv 1,600 L. F. $300 $480,000 SUBTOTAL $26,085,000 10% Contingencies $2,608,500 12% Engineering/ Surveying $3,130,200 3% Testing I Observation $782,550 3% Permitting $782,550 TOTAL $33,388,800 infrustruc costs revised DATE PRINTED: 07/16/2002 Infrastructure Cost Analysis PAGE 1 Of' 7 12:41 PM BRIDGES AND STRUCTURES G Structure G (Bridge) (WLP E @ Mall) 40,800 S, F. $60 $2,448,000 N Structure N (Bridge) (M. Conn Bridge) 31,200 S. F. $60 $1,872,000 1 Structure I (Bridge) (WLPW South of SH 170) 40,800 S.F. $60 $2,448,000 L Structure L (Bridge) (WLPW S of Daimler) 61,200 S. F. $60 $3,672,000 H N Conn Structure (11-10x10 culverts w/wing walls 100' long) 1 L.S. $650,000 $650,000 K W Conn Structure (2-5x7 with wings - 250' long) 1 L.S. $170,000 $170,000 F Structure - WLP E, S. of Hotel Site (3-12x8 & 1-10x10 - 110' Icng 1 L.S. $325,000 $325,000 D Structure S of Daimler 1 L.S. $170,000 $170,000 SUBTOTAL $11,755,000 10% Contingencies $1,175,500 12% Engineering I Surveying $1,410,600 3% Testing I Observation $352,650 3% Permitting $352,650 TOTAL $15,046,400 infrustruc costs revised DATE PRINTED: 07/16/2002 Infrastructure Cost Analysis PAGE 1 Of' 7 12:41 PM Exhibit "A" WESTLAKEICIRCLE T ESTIMATED PUBLIC INFRASTRUCTURE PROJECTS AND COSTS DESCRIPTION OF ITEMS DAM AND LAKE IMPROVEMENTS DL Dam Spillway Reconstruction DE Structure J (Regional Detention) DL Lake Silt Removal & Reconstruction DL Mitigation SUBTOTAL 10% Contingencies 12% Engineering /Surveying 3% Testing ! Observation 3% Permitting TOTAL TRAFFIC SIGNALS TS1- TS8 Traffic Signals SUBTOTAL 10% Contingencies 12% Engineering/ Surveying 3% Testing/ Observation 3% Permitting TOTAL QUANT. I UNIT I UNIT COST I SUBTOTAL NOTE: 1. The cost of drainaqe and detention is qeneral pendinq further design 1 L.S. $900,000 $900,000 1 L.S. $600,000 $600,000 1 L.S. $1,000,000 $1,000,000 1 L.S. $1,000,000 $1,000,000 $3,500,000 $350,000 $420,000 $105,000 $105,000 $4,480,000 8 EA $250,000 $2,000,000 $2,000,000 $200,000 $240,000 $60,000 $60,000 $Z560,000 e design advances, these costs shall be updated infrustruc costs revised DATE PRINTED: 07/16/2002 Infrastructure Cost Analysis PAGE 2 OF 7 12:41 PM Exhibit "A" WESTLAKEICIRCLE T ESTIMATED PUBLIC INFRASTRUCTURE PROJECTS AND COSTS DESCRIPTION OF ITEMS 1 QUANT. I UNIT I UNIT COST I SUBTOTAL W WATER 1 12 Water Line (on 377 from Wi_PW TO SH 170) 2,200 L.F. $46 $105,600 2 12" Water Line (377 to Mall - south side of SH 170) 6,300 L.F. $48 $302,400 4 12" Water Line ( West Connector Road) 2,900 L.F. $48 $139,200 5 20" Water Line (New in New Roadway on West Loop) 4,900 L -F. $76 $372,400 6 20" Water Line (Elevated Storage Connector Line) 3,300 L.F. $76 $250,800 7 20 " Line Relocation 2,600 L.F. $80 $208,000 8 12" Water Line (W. Loop) 3,500 L.F. $48 $168,000 9 12" Water Line (North Connector Road) 3,200 L.F. $48 $153,600 10 12" Water Line (Middle Connector Road) 3,700 L.F. $48 $177,600 11 12" Water Line (from 16" to Middle Connector Rd.) 1,000 L.F. $48 $48,000 12 12" Water Line ( East Connector Road) 3,500 L.F. $48 $168,000 13 12" Water Line (East meter to Mall Site) 4,800 L.F. $48 $230,400 14 16" LINE RELOCATION 900 L.F. $65 $58,500 15AB 8" Water Line Bore to sites west of 377 (2 Bores) 700 L.F. $200 $140,000 3AB 12" Water Line Bore (SH 170 Line) (2 Bores) 1,200 L.F. $200 $240,000 16AB 12" Water Line (E. Loop) 8,800 L.F. $48 $422,400 15C 12" Water Line (on 3771170 N. of 170) 700 L.F. $48 $33,600 SUBTOTAL $3,218,500 10% Contingencies $321,850 12% Engineering/ Surveying $386,220 3% Testing/ Observation $96,555 3% Permitting $96,555 TOTAL $4,119,680 ' NOTE: The 12" water line may be placed on the north side of S.H. 170 to complete a loop for the land north of S.H. 170. infrustruc costs revised DATE PRINTED: 07!16/2002 Infrastructure Cost Analvsis PAGE 3 OF 7 12:41 PM Exhibit "A" WESTLAKEICIRCLE T ESTIMATED PUBLIC INFRASTRUCTURE PROJECTS AND COSTS DESCRIPTION OF ITEMS I QUANT. I UNIT I UNIT COST I SUBTOTAL infrustruc costs revised DATE PRINTED: 07/16/2002 Infrastructure Cost Analysis PAGE 4 OF 7 12:41 PM SEWER LINE A 2.5 MGD Lift Station B 5.7 MGD Lift Station 1 Each $500,000 $500,000 C 14" F.M. & Meter (at Large lift Station) 1 Each $1,000,000 $1,000,000 C 8" Sanitary Sewer 1 L.S. $186,000 $186,000 C-1 8" Sanitary Sewer 2,400 L.F. $35 $84,000 C-2 8" Sanitary Sewer 3,600 L.F. $35 $126,000 ❑ 10" Sanitary Sewer 700 L.F. $35 $24,500 E 12" Sanitary Sewer 1,400 L.F. $50 $70,000 F 3,000 L.F. $65 $195,000 G 10" Sanitary Sewer H 1,600 L.F. $65 $104,000 1 8" Sanitary Sewer J 10" Sanitary Sewer 1,600 L.F. $35 $56,000 K 10" Bore 2,000 L.F. $50 $100,000 L 10" Sanitary Sewer 500 L.F. $150 $75,000 M 15" Sanitary Sewer 400 L.F. $50 $20,000 N 8" Sanitary Sewer 1,900 L.F. $77 $146,300 O 15" Sanitary Sewer 700 L.F_ $35 $24,500 P 15" Sanitary Sewer 1,600 L.F. $77 $123,200 Q 600 L.F. $77 $46,200 R 8" Sanitary Sewer R-1 8" Sanitary Sewer 3,400 L.F. $35 $119,000 S 15" sanitary Sewer 4,200 L.F. $35 $147,000 T 8" Sanitary Sewer 1,400 L.F. $77 $107,800 T-1 8" Bore 400 L.F. $35 $14,000 U 10" Sanitary Sewer 200 L -F. $120 $24,000 V 15" Sanitary Sewer 1,700 L.F. $50 $85,000 W 15" Bore 1,650 L.F. $77 $127,050 X 15" Sanitary Sewer 600 L.F. $225 $135,000 Y 10" Sanitary Sewer 700 L.F. $77 $53,940 Z 18" Sanitary Sewer 2,600 L.F. $50 $130,000 AA 16" Force Main 2,300 L.F. $92 $211,6D0 AB 16" Force Main BORE 1,600 L.F. $65 $104,000 AC 16" Force Main 200 L.F. $250 $50,000 300 L.F. $65 $19,500 SUBTOTAL $4,208,550 10% Contingencies $420,855 12% Engineering /Surveying $505,026 3% Testing/ Observation $126,257 3% Permitting $126,257 TOTAL $5,386,944 infrustruc costs revised DATE PRINTED: 07/16/2002 Infrastructure Cost Analysis PAGE 4 OF 7 12:41 PM Exhibit "A" WESTLAKEICIRCLE T ESTIMATED PUBLIC INFRASTRUCTURE PROJECTS AND COSTS DESCRIPTION OF ITEMS I QUANT. I UNIT I UNIT COST I SUBTOTAL TRAILS AND TRAIL RELATED Trail Crossing (Roanoke Road) 5 L.S. $300,000 $1,500,000 Hike/Bike Trail 55,000 L.F. $75 $4,125,000 SUBTOTAL $5,625,000 10% Contingencies $562,500 12% Engineering I Surveying $675,000 3% Testing I Observation $168,750 3% Permitting $168,750 TOTAL $7,200,000 ENTRY FEATURES AND TOWN EDGE ZONES (not site development related) Entry Features Major Entry Features Minor 3 LS $1,000,000 $3,000,000 Town Edge Zone (not site related) 1 LS $500,000 $500,000 1 LS $500,000 $500,000 SUBTOTAL $4,400,000 10% Contingencies $400,000 12% Engineering I Surveying $480,040 3% Testing I Observation $120,000 3% Permitting $120,000 TOTAL $5,120,000 TRA System Participation 1 L.S. $5,500,000 $5,500,000 TOTAL infrustrue costs revised DATE PRINTED: 07/1612002 Infrastructure Cost Analysis PAGE 5 OF 7 12:41 PM Exhibit "A" WESTLAKE/CIRCLE T ESTIMATED PUBLIC INFRASTRUCTURE PROJECTS AND COSTS DESCRIPTION OF ITEMS I QUANT. I UNIT I UNIT COST I SUBTOTAL ANTICIPATED TOWN CONSTRUCTED INFRASTRUCTURE Middle Connector Road (112 of LD section) 2,100 L,F. $350 $735,000 Westlake Parkway (112 of 4 LD Section) 1,000 L.F. $350 $350,000 12" Water Line (from 16" to Middle Connector Rd.) 900 L. F. $48 $43,200 12" water Line on Middle Connector 2,100 L. F. $48 $100,800 12"Sewer Line (from school site to Marshall Branch Line 4,800 L. F. $65 $312,000 SUBTOTAL $1,541,000 10% Contingencies $154,100 12% Engineering / Surveying $184,920 3% Testing I Observation $45,230 3% Permitting $4$,230 TOTAL ANTICIPATED TOWN CONSTRUCTED INFRASTRUCTURE $1,972,480 SUBTOTAL REMAINING INFRASTRUCTURE FOR CIRCLE T RANCH DEVELOPMENT $84,774,304 LESS TOTAL ANTICIPATED TOWN CONSTRUCTED INFRASTRUCTURE $1,972,480 NET TOTAL OF REIMBURSABLE PROJECT RELATED COSTS $82,801,824 NOTES: 1 This estimate does not include any estimated on site mail costs 2 This estimate does not include any improvements in SH 114 or SH 170 (Interchanges, bridges, mall related improvements) except as noted. 3 Curbs on Westlake Parkway are not included 4 Road Unit Costs Include: Earthwork, Base, Conc. Pvmt, Curbs, Standard Street Lights, Median Landscaping, Ductbank, and Storm Drainage 5 Water Unit Costs include Lines, Valves, blow offs, air release valves, and limited fire hydrants 6 Sewer Unit Costs include Lines, Manholes, and bores where indicated 7 Bridge Costs include: Foundation, Structure, earthwork, and iimited surface enhancements. 8 This estimate does not include any costs related to Infrastructure improvements for Fidelity, Vaquero West Pump Station or the 16" and 20" "Dove Road" water main 9 Trail Crossings include 4 crossings which are not part of the drainage structures at their respective locations. 10 The costs to place overhead utility lines underground is not included. infrustruc costs revised DATE, PRINTED: 07/16/2002 Infrastructure Cost Analysis PAGE 6 OF 7 12:41 PM CIRCLE T REMAINING INFRASTRUCTURE COST SUMMARY JULY 4,2002 ROADS BRIDGES & STRUCTURES DAM & LAKE IMPROVEMENTS TRAFFIC SIGNALS WATER SEWER TRAILS & TRAIL RELATED ENTRY FEATURES & TOWN EDGE ZONES TRA SYSTEM PARTICIPATION $ 33,388,800 $ 15,046,400.00 $ 4,480,000 $ 2,560,000 $ 4,119,680 $ 5,386,944 $ 7,200,000 $ 5,120,000 $ 5,500,000 SUBTOTAL $ 82,801,824 i -ESS TOTAL ANTICIPATED TOWN CONSTRUCTED INFRASTRUCTU $ (1,972,480) TOTAL $ 80,829,344 infrustruc costs revisedSummary PAGE 7 OF 7