HomeMy WebLinkAbout24-921ORDINANCE NO. 24-921
AN ORDINANCE OF THE CITY OF DENTON, TEXAS, A TEXAS HOME-
RULE MUNICIPAL CORPORATION. AUTHORIZING THE APPROVAL
OF A DEVELOPMENT AGREEMENT BETWEEN THE CITY OF DENTON
AND BONNIE BRAE BFR. LLC RELATING TO THE MODIFICATION OF
THE BONNIE BRAE STREET PHASE 6 IMPROVEMENT PROJECT
ADJACENT TO THE PROPERTY LOCATED AT 2205 NORTH BONNIE
BRAE STREET: AUTHORIZING THE CITY MANAGER TO EXECUTE
SAID DEVELOPMENT AGREEMENT; AND PROVIDING FOR THE
RECEIPT OF FUNDS FROM BONNIE BRAE BFR, LLC IN THE AMOUNT
OF EIGHTY-NINE THOUSAND, NINE HUNDRED AND SIXTY NINE AND
30/100 DOLLARS ($89,969.30); AUTHORIZING THE CITY MANAGER TO
EXPEND SAID FUNDS; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, Bonnie Brae BFR, LLC (“Owner”) owns the approximately
16.97 acre property commonly known as 2205 North Bonnie Brae Street, depicted on
Exhibit “ A“ attached hereto (“Subject Property”); and
WHEREAS, the City is designing and constructing the Bonnie Brae Street
Phase 6 Project, which is the widening of Bonnie Brae Street from a two (2) lane
undivided to a four (4) lane divided roadway from University Drive (US380) to N
Elm Street (US77) and is a component part of the larger multi-phase Bonnie Brae
Street Improvement Project; and
WHEREAS, Owner has requested City to design and construct, at Owner’s
expense, an alternative vehicular element of a median cut for a hooded left-hand turn
lane (hereafter, the “Project”) and make part of the Bonnie Brae Street Phase 6 Project
plan set in order to support pedestrian, bicycle, transit, and vehicle connectivity
between the Subject Property within the Bonnie Brae Street Phase 6 Project; and
WHEREAS, to facilitate the completion of this work, the City and Owner
desire to enter into a Development Agreement; and
WHEREAS, the Owner will pay the City the full cost for the design and
construction of the Project along the street frontage of Subject Property, an estimated
amount of $89,969.30;
WHEREAS, the City Council of the City of Denton deems it is in the public
interest and serves a municipal and public purpose to enter into an agreement with
Owner for the purpose of memorializing the Project additions to Bonnie Brae Street
Phase 6 plan set.
NOW, THEREFORE;
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. City Council finds that the Agreement between the City of
Denton and Owner serves a valid municipal and public purpose and is in the public
rnterest.
SECTION 2. The Development Agreement between the City of Denton and
Owner attached hereto as Exhibit “B” is hereby approved. The City Manager, or
designee, is hereby authorized to execute the Development Agreement on behalf of
the City of Denton.
SECTION 3. The City Manager is hereby authorized to carry out the City’s
rights and duties under the Agreement.
SECTION 4. This Ordinance shall become effective immediately upon its
passage and approval.
[Signatures to appear on the following page .]
The motion to approve this ordinance was made by
seconded by Srt,..A B,Qh
by the following vote D - A :
Rv I Met he/ and
_; the ordinance was passed and approved
Aye
b/
Nay Abstain Absent
Gerard Hudspeth, Mayor:
Vicki Byrd, District 1 :
Brian Beck. District 2:
Paul Meltzer, District 3 :
Joe Holland. District 4:
Brandon Chase McGee, At Large Place 5 :
Jill Jester, At Large Place 6:
,/
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PASSED AND APPROVED this the 1 day of JL#. 2024
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ATTEST:
LAUREN THODEN, CITY SECRETARY
B Y : eF#b}\/
APPROVED AS TO LEGAL FORM:
MACK RErNWAND, CITY ATTORNEY
C>q'#ly Pq,ed by Oe„+•'n- SH,Pk,
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BY: ;'”""M“&
[Signatures to appear on the following page.]
May21st
EXHIBIT C
EXHIBIT D
EXHIBIT E