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15.

Meeting Date:	01/11/2016
Reimbursement Agreement with AFW Investments II, LTD.
Submitted for:	Rose Magana	Submitted By:	Rose Magana
Department:	Commissioners Court

Subject:

Discussion and possible action to enter into a cost reimbursement agreement by and between Webb County and A.F.W. Investments II, LTD., a Texas Limited Partnership (AFW Investments) and GAG of Laredo Investments, LLC., a Texas Limited Liability Company (GAG of Laredo), for the additional costs incurred by AFW Investments and GAG of Laredo at their Phoenix Village Subdivision, Phases I-VI, to handle the excess post development water and/or storm-water runoff created by subdivision improvements made and constructed by Webb County to the Los Altos Phase I Subdivision, Tanquesitos South Acres Subdivision, and an un-platted subdivision known as Tanquesitos II. Phases I & II of the Phoenix Village Subdivision have been completed. The reimbursement costs for fiscal year 2016 for the completed Phases I & II of the Phoenix Village Subdivision totals to $59,154.06. The reimbursement costs for fiscal year 2016 for the uncompleted Phases III & IV of the Phoenix Village Subdivision totals to $11,326.84. The reimbursement costs for fiscal year 2017 for the uncompleted Phase V of the Phoenix Village Subdivision shall be for the sum of $55,381.24. The reimbursement costs for fiscal year 2017-2018 for the uncompleted Phase VI of the Phoenix Village Subdivision shall be for the sum of $112,942.09. The reimbursement amounts shall be made subject to verification of the completion of Phases III, IV, & V, of the Phoenix Village Subdivision by the Webb County Engineering Department. [Fund #605]

Background:

N/A

Previous Court Action:

Fiscal Impact

Budget Account Number:	n/a
Funding Source:	n/a
Balance:	n/a
Financial Impact:
n/a

Attachments
reimbursement agreement
Cost Reimbursement Agreement - Executed