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CITY COUNCIL AGENDA MEMO |
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| | | | | | | | | MEETING DATE: | 12/8/2020 | | DEPARTMENT: | Gov Relations | | DIRECTOR: | Brandi Youngkin, Director of Policy & Government Relations | | AGENDA ITEM: | Approval of the terms and conditions of a Right-of-Way Use Agreement by and between the City of Plano, Texas and TB Plano 1 LLC. | | RECOMMENDED ACTION: | Approval of Contract / Agreement |
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| | | | | | | | ITEM SUMMARY To approve the terms and conditions of a Right-of-Way Use Agreement by and between the City of Plano, Texas and TB Plano 1 LLC, the right to locate, place, attach, install, operate, maintain, repair and replace, a sky bridge system located in a portion of 11th Street between K Avenue and Iron Avenue in Plano, Texas between two buildings located on Block A, Lot 1 and Block B, Lot 1; and authorizing the City Manager to execute all necessary documents; and providing an effective date. Approved |
| | | | | | | | BACKGROUND The City of Plano, Texas ("City") and TB Plano 1 LLC ("Company") request to enter into a Right of Way Use Agreement in which the Company desires to locate, place, attach, install, operate, maintain, repair and replace, a skybridge system located in the City's Right-of-Way. The City will allow Company to use the Right-of-Way for the skybridge structure under the terms of this Agreement. |
| | | | | | | | FINANCIAL SUMMARY/STRATEGIC GOALS This agreement is for a sky bridge system located in the City's public Right-of-Way for a seventy-five (75) year period. The agreement will generate a total of $80,625 in revenue in the General Fund over the span of the agreement, or $1,075 per year for the seventy-five (75) year period.
Approval of this Right of Way Agreement relates to the City's Strategic Plan Critical Success Factor of Excellent, Innovative and Accountable City Government.
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| ATTACHMENTS: | | Description | Upload Date | Type | | Agreement | 11/20/2020 | Agreement |
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