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R92-88 ACCEPTING PROPOSED ANNEXATION AGREEMENT
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R92-88 ACCEPTING PROPOSED ANNEXATION AGREEMENT
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7/22/2016 2:22:18 PM
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Resolution/Ordinance
Res Ord Num
R92-88
Res Ord Title
ACCEPTING PROPOSED ANNEXATION AGREEMENT AND SCHEDULING SAME FOR PUBLIC HEARING - B & R DEVELOPMENT COMPANY
Approved Date
6/1/1992
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intersection of Hickory Point Road and Oakland Avenue north <br /> on Oakland Avenue to the north property line of the <br /> Premises. Said mains shall be built to City standards and <br /> specifications, and upon completion thereof shall be <br /> dedicated to the City. Upon acceptance by the City, the <br /> City shall pay to B & R the sum of $108, 000 . 00. <br /> 8 . The City shall improve Hickory Point Road and <br /> Oakland Avenue, at its cost, as follows: <br /> (a) Oakland Avenue - curb and gutter, to City <br /> specifications, shall be constructed on the west <br /> side of Oakland Avenue, from the south property <br /> line of Hickory Point Estates to the north line of <br /> the northernmost entrance road into said Premises. <br /> (b) Hickory Point Road - the surface shall be <br /> widened to twenty-four (24) feet from the east <br /> property line of the Premises to the west property <br /> line of same, with culverts for not more than six <br /> (6) residential driveway approaches as indicated <br /> by B & R in accordance with paragraph 10 hereof. <br /> 9 . If, during the term of this agreement, the City <br /> improves, widens, alters or changes Oakland Avenue, <br /> including sidewalks, at that portion thereof adjacent to the <br /> premises, and other than as described in paragraph 8 hereof, <br /> B & R shall reimburse the City one-half (1/2) of the cost of <br /> such improvement, widening, alteration or change; provided <br /> that, B & R' s total liability hereunder, cumulatively for <br /> any and all such projects, shall not exceed $25, 000. 00. <br /> 10. At such time as B & R furnishes the City survey <br /> and drainage information satisfactory to the Director of <br /> Public Works regarding future lots to front on Hickory Point <br /> Road, but not to exceed six (6) such lots, the City shall <br /> issue building permits for such sites notwithstanding the <br />
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