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Council approves Hunter Ranch amendments and cost-share for Rourke Branch interceptor; city's share ~ $13M
Summary
Council approved three related Hunter Ranch (Landmark) agreements including a cost-sharing escrow that would allocate roughly $13 million of the Rourke Branch wastewater interceptor to the city, with the developer and other districts covering the remainder; amendments also clarify developer definitions and supplemental project funding.
Council voted unanimously to approve three related items tied to the Hunter Ranch (Landmark) development: a cost-sharing agreement for an oversized wastewater trunk, a second amendment to the Hunter Ranch operating agreement, and an amendment to the project agreement clarifying who counts as a "developer" under the contracts.
Charlie Rosenault, interim director of development services, explained the cost-sharing rationale and two ways of apportioning costs: a traditional oversizing method where the city would pay about 24% of construction costs, or a benefits-received method based on flows contributed to the line. Under the benefits methodology presented to council, staff estimated the city's portion at about $13,000,000; other parties would pay roughly $11,500,000 and $4,500,000 respectively. Rosenault said the escrow arrangement would allow Hillwood (the developer) to draw funds as construction proceeds.
Council members asked clarifying questions about protections if multiple projects fail and about how future buyers are treated; staff said the amendments clarify that future buyers of platted properties are not treated as the original developer and that reimbursement methods would be set by the amended agreements. All three items passed on unanimous votes.
