Council approves escrow and consulting agreement for OVS Phase 2 (30 lots)
Summary
Landon Darwin updated council on the OVS development: Phase 2 covers 30 lots outside the floodplain, plans submitted to FEMA; Lackland will cover a culvert, the city will hold the OVS PID bond and be responsible for roads; council approved an escrow agreement with Lackland and a consulting contract with 30 Three Sixty Public Finance, Inc./Mitch Mosesman.
Landon Darwin reviewed the status of the OVS project and described the Phase 2 plan. "Phase 2 plan approved for 30 lots not in flood plain, plans now submitted to FEMA," the minutes record.
The minutes further note that Lackland will pay for a culvert while the city will be responsible for constructing and ultimately maintaining roads; the city will hold the OVS PID bond. Council directed preparation of a memorandum of understanding requiring that roads be repaired before the project is completed and turned over to the city. A motion by Scherri Holmes, seconded by Janelle Davis, approved the escrow agreement with Lackland and the consulting contract with 30 Three Sixty Public Finance, Inc./Mitch Mosesman; the motion carried with all others in favor.
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