(A)   The city requires the developer to fund an economic and utility feasibility study of all proposed development requiring the equivalent of five or more single-family connections in advance of any approval by the City Planning and Zoning Commission and the City Council.
   (B)   The economic and utility feasibility study shall be performed by the City Engineer or designee, a Texas professional engineer, who will identify the following:
      (1)   Water, wastewater plants, and lift stations, to determine if capacity is available and the potential costs for such capacity;
      (2)   Water distribution system and wastewater collection system, to determine if the capacity is available in the city’s lines and if the lines need to be extended to the proposed development; to determine the costs to extend the lines; and if comprehensive waste plans are necessary, potential responsibility and costs for extending utilities;
      (3)   Storm sewer system and storm water detention, to determine if capacity exists in the infrastructure serving the proposed development; to determine if detention is required; to determine if regional detention is available; and to determine potential responsibility and costs;
      (4)   Streets, turn lanes, and traffic signals, to determine if a street needs to be extended or widened because of project traffic volumes; to determine if a traffic impact analysis (TIA) is needed; to determine whether turn lanes are needed on the existing streets serving the proposed development; and to determine the potential responsibility and cost;
      (5)   Revenue, to calculate the potential tax revenues and associated expense for any contribution and/or reimbursement by the city and its financial impact on the city;
      (6)   Annexation, to identify whether the tract will require annexation to be served; and identify the cost to process the annexations; and
      (7)   Schedule, to identify the developer’s potential schedule for the project.
   (C)   In order to guarantee adequate funds to reimburse the city for engineering and related expenses for the economic and utility feasibility study and the platting of the proposed development, a developer shall execute an escrow agreement with the city in a form provided by the city. The City Engineer shall provide the estimated costs of providing such services to the developer which shall be attached as an exhibit to the escrow agreement.
(Ord. 18-0320, passed 3-20-2018)