Sparks City Council Meeting 10/14/2013 2:00:00 PM

    Monday, October 14, 2013 2:00 PM
    City Council Chambers, Legislative Buiding, 745 4th Street, Sparks, Nevada

Consent Items: 5.4

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.

Background: Please see the Attached letter from RTC for a detailed background regarding this agreement.

Analysis: The CCFEA provides for construction of capacity improvements to the intersection of Highland Ranch Parkway and Pyramid Way within the Kiley North Planned Development.

Alternatives: The City Council may disapprove the agreement and provide the City Manager with alternate direction.

Recommended Motion: "I move to approve the Capital Contribution Front Ending Agreement (CCFEA) with Maverik Development, Inc."

Attached Files:
     CCFEA maverik.pdf
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