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Ordinance No. 15,248 ORDINANCE NO. 15,248 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, AUTHORIZING THE FINAL PAYMENT UNDER A DEVELOPMENT AGREEMENT TO D.R. HORTON, INC., IN THE AMOUNT OF ONE HUNDRED FIFTY-SEVEN THOUSAND EIGHT HUNDRED, EIGHTY-EIGHT AND NO1100 DOLLARS ($157,888.00) FOR THE CITY'S PORTION FOR THE ADDITION OF A TRAFFIC SIGNAL AT COUNTRY CLUB DRIVE AND WEST BAKER ROAD; MAKING OTHER PROVISIONS RELATED THERETO; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. WHEREAS, on December 10, 2015, the City Council of the City of Baytown, Texas, passed Ordinance No. 13,056 authorizing a Development Agreement with D.R. Horton, Inc., for certain roadway and infrastructurc improvements associated with Goose Creek Reserve; and WHEREAS, Ordinance No. 13,056 authorizes payment pursuant to the Agreement in an amount not to exceed ONE HUNDRED SIXTY THOUSAND AND NO/100 DOLLARS ($160,000.00); and WHEREAS, the Agreement included a clause under which the City is to pay 50% of the final construction cost for a traffic signal at Country Club Drive and West Baker Road; and WHEREAS, the total final construction cost is THREE HUNDRED FIFTEEN THOUSAND SEVEN HUNDRED SEVENTY-SIX AND NO/100 DOLLARS ($315,776.00); NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: That the City Council hereby finds and determines that construction of a traffic signal at Country Club Drive and West Balser Road has been completed as required under the Development Agreement and in full accordance with all of the terms and provisions of the aforesaid contract. Section 2: That the total final construction cost for the traffic signal at Country Club Drive and West Baker Road is THREE HUNDRED FIFTEEN THOUSAND SEVEN HUNDRED SEVENTY-SIX AND NO1100 DOLLARS ($315,776.00). Section 3: That final payment to D.R. HORTON, INC., in the amount of ONE HUNDRED FIFTY-SEVEN THOUSAND EIGHT HUNDRED, EIGHTY-EIGHT AND NOI100 DOLLARS ($157,888.00) is hereby authorized. Section 4: This ordinance shall take effect immediately from and after its passage by the City Council of the City of Baytown. INTRODUCED, READ, and PASSED by the affirmative vote of the City Council of the City of Baytown, this the 27' day of October, 2022. BRANDON CAPETILLO, Mayor A ST: FgATOKj�T AtMEL 4dKS0N. City Cler' APROVE O FORI�uI(> l SCO�TT LE OND, City Attorney R:VScon\Ordi.n.e 10-29-22\Ordimme DR Mmn ,docz