Agenda - City of College Station Council Agendas

February 14, 2008
Consent Agenda Item 2e
Development Agreement Regarding Access Improvements to Central Station
To:
From:
Glenn Brown, City Manager
David Gwin, Director of Economic and Community Development
Agenda Caption: Presentation, possible action, and discussion regarding a development
agreement to improve access to the Central Station shopping center and to generally
improve traffic flow in the immediate area.
Recommendation(s):
attached.
Staff recommends approval of the development agreement as
Summary: This item has been prepared in response to Council direction at the
September 27, 2007 Workshop Meeting of the City Council.
As part of the Texas Avenue widening project, Texas Department of Transportation (TxDOT)
plans to install a raised median along much of Texas Avenue to better manage access,
improve safety, and enhance mobility along the entire corridor. Limited median openings
will be provided at all signalized locations, as well as several other locations required to
maintain this access.
With the redevelopment of the Culpepper Plaza Shopping Center (now Central Station) and
the planned installation of the raised median along the applicable section of Texas Avenue,
there is likely to be significant traffic buildup on Harvey Road at the Texas Avenue signal.
Centro Properties, the owner of the shopping center, approached the City and TxDot about
the possibility of several improvements to safely improve access to the center and to
generally improve traffic flow in the immediate area.
As approved, the recommended improvements will add a directional left-turn opening in the
planned raised median on Texas Avenue and an additional travel lane on Harvey Road. This
will help to alleviate traffic buildup along Harvey Road, which is currently the likely path for
travelers southbound on Texas Avenue to access the Central Station shopping center.
Budget & Financial Summary: The total cost of the project is $223,268. Of that
amount, the City of College Station will pay no more than $92,891. Centro Properties will
pay $121,661 and any overages related to these improvements. TxDOT will pay $8,716,
which is the difference between the Development Agreement total amount and the
established project costs assumed by Centro Properties and the City.
Attachments:
Development Agreement
Exhibit A – Improvements
Exhibit B – Advanced Funding Agreement
Exhibit C – Engineer’s Estimate
38