ITEM 9B Authorize a Commercial Developer Agreement with Keller Watermere, L.P., for South Village at Watermere, located south of West Southlake Boulevard between Pearson Road and Davis Boulevard

South Village at Watermere Site Location

South Village at Watermere Council Consideration required:Council Consideration required: –Request for Public Participation Watermere Drive -- $49,713Watermere Drive -- $49,713 Off-Site Drainage -- $59,306Off-Site Drainage -- $59,306 –Park Dedication and Improvements

South Village at Watermere Residential Retirement CommunityResidential Retirement Community Standard Commercial Developer Agreement as previously approved by City CouncilStandard Commercial Developer Agreement as previously approved by City Council

South Village at Watermere Proposed Public Infrastructure includes:Proposed Public Infrastructure includes: –1,300 LF of Public Paving –6,000 LF of Public Water Line –3,500 LF of Public Sanitary Sewer Line –2,000 LF of Public Storm Sewer

South Village at Watermere Proposed Utility Plan 1,300 LF PUBLIC PAVING 6,000 LF PUBLIC WATER LINE 3,500 LF PUBLIC SANITARY SEWER 2,000 LF PUBLIC STORM SEWER

South Village at Watermere Developer requests Paving Participation:Developer requests Paving Participation: –Proposed Watermere Drive - C2U –60’ R.O.W. – 37’ B-B Development requires 31’ streetDevelopment requires 31’ street $ 49,713 - Difference between 37’ street and 31’ street$ 49,713 - Difference between 37’ street and 31’ street

South Village at Watermere Developer requests Off-site Drainage Participation:Developer requests Off-site Drainage Participation: – 2 - 6x3 and 1- 5x3 Box Culverts Under Union Church Road The developer is requesting that the City participate in the engineering, construction and surveying of off-site drainage improvements by reimbursing the developer to the extent of 29.5% of actual costs not to exceed $59, The developer is requesting that the City participate in the engineering, construction and surveying of off-site drainage improvements by reimbursing the developer to the extent of 29.5% of actual costs not to exceed $59,

South Village at Watermere Park Issues Park Dedication FeesPark Dedication Fees –$90,000 Park DedicationPark Dedication –6 Acres of Private Open Space

South Village at Watermere Park Issues Developer will constructDeveloper will construct –8’ paved pathway on the east side of Watermere Drive –1.25 miles of 5’ paved trails on the west side of Watermere Drive connecting the public parkland at Southlake Boulevard to Union Church Road –6’ paved sidewalk along Union Church Road

South Village at Watermere Park Issues Phase 2 Park ImprovementsPhase 2 Park Improvements –2 Lighted Tennis Courts –Fishing Pier –Outdoor Neighborhood Pool –Horseshoe Pit –Pavilion Phase 2 Park improvements will be completed within one year of final acceptancePhase 2 Park improvements will be completed within one year of final acceptance

South Village at Watermere Recommendation:Recommendation: –Approve Developers Agreement for South Village at Watermere –Delete playground requirement –Grant Park Board authority to redetermine amount of Park Dedication fee

Questions? Bob Price (817)