Commissioners Court Special Meeting

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Meeting Date:	12/21/2017
Reimbursement Payments to AFW Investments II, LTD. and GAG of Laredo Improvements LLC
Submitted for:	Erika Hernandez	Submitted By:	Erika Hernandez
Department:	Civil Legal Division

Information

Subject:

Discussion and possible action to authorize, approve and issue Two (2) reimbursement payments to A.F.W. Investments II, LTD. and GAG of Laredo Investments, LLC., for the following completed Phoenix Village Subdivision drainage improvements, in the amount of $6,476.52 for Phases III & IV and $37,449.77 for Phase V, for a combined total sum of $43,726.29. These payments are being paid to the developers pursuant to the subdivision drainage cost reimbursement agreement previously approved on January 11, 2016, Item No. 15, between Webb County and A.F.W. Investments II, LTD., and GAG of Laredo Investments, LLC. These reimbursement payments for the completion of Phases III, IV, & V of the Phoenix Village Subdivision are below the amounts set forth in the reimbursement agreement due to reduced construction costs realized by the developers. [Requested by Luis Perez-Garcia, Webb County Engineer; Funding Source Account #3015-7050-001-470000-075]

Background:

N/A

Previous Court Action:

Fiscal Impact

Budget Account Number:	See Financial Impact
Funding Source:	See Financial Impact
Balance:	N/A
Financial Impact:
Funding Source Account number: 3015-7050-001-470000-075

Attachments
Phoenix Village Subdivision Reimbursement Agreement