Section 101-598 Ord. 16661; Approving Final Plat of R.T.W. Addition; Authorizing a Cost Sharing Agreement w/LOTE Development, Inc.; Authorizing a Performance Contract


Ordinance No.             16661             Council Bill No.            B 357-00A           

AN ORDINANCE
        
approving the Final Plat of R.T.W. Addition, a major subdivision; accepting the dedication of rightsofway and easements; authorizing a cost sharing agreement with LOTE Development, Inc.; authorizing a performance contract; and fixing the time when this ordinance shall become effective.

BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBIA, MISSOURI, AS FOLLOWS:

    SECTION 1.  The City Council hereby approves the Final Plat of R.T.W. Addition, dated August 28, 2000, a major subdivision located on the west side of Ballenger Lane, across from Aztec Boulevard, containing approximately 5.91 acres in the City of Columbia, Boone County, Missouri, and hereby authorizes and directs the Mayor and City Clerk to sign the plat evidencing such approval.

    SECTION 2.  The City Council hereby accepts the dedication of all rightsofway and easements as dedicated upon the plat.

    SECTION 3.  The City Manager is hereby authorized to execute a cost sharing agreement with LOTE Development, Inc. pertaining to the reconstruction of Ballenger Lane.  The form and content of the contract shall be substantially as set forth in "Exhibit A" attached hereto and made a part hereof as fully as if set forth herein verbatim.  The approval of the Final Plat of R.T.W. Addition is subject to the condition that subdivider, LOTE Development, Inc., enter into this agreement with the City.  This condition shall be satisfied upon execution of the agreement and shall not be affected by a disapproval of the Ballenger Lane project by the Missouri Department of Transportation or by a determination of the City Council, following a public hearing, not to proceed with the project.

    SECTION 4.  The City Manager is hereby authorized to execute a performance contract with LOTE Development, Inc. in connection with the approval of the Final Plat of R.T.W. Addition.  The form and content of the contract shall be substantially as set forth in "Exhibit B" attached hereto and made a part hereof as fully as if set forth herein verbatim.

    SECTION 5.  This ordinance shall be in full force and effect from and after its passage.

    PASSED this 20th day of November, 2000.