Title: Consideration and possible approval of a Capital Contribution Front Ending Agreement (CCFEA) with Maverik, Inc. (Developer of Record) for offered capacity improvements to be made to Highland Ranch Parkway/Pyramid Highway intersection.

Petitioner/Presenter: John A. Martini, P.E., City Engineer/John A. Martini, P.E., City Engineer

Recommendation: Staff recommends that the City Council Approve the CCFEA with Maverik, Inc

Financial Impact: None

Business Impact (Per NRS 237):
     A Business Impact Statement is not required because this is not a rule.

Agenda Item Brief: This item seeks approval of an agreement between Maverik, Inc., (Developer of Record), the RTC of Washoe County and the City of Sparks whereby the developer will construct intersection capacity improvements at Highland Ranch Parkway and Pyramid Way in exchange for Regional Road Impact Fee Credits in an amount equaling the fair value of the capacity improvements estimated at $110,500. These improvements will support the development of a new Maverik Gas Station and Convenience Store within the Kiley North Planned Unit Development. This CCFEA was considered and approved by the RTC Board on July 19, 2013.

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