ITEM 9A Approve a commercial developer’s agreement with Southlake Noble LLC for the Goddard School located at 435 West Southlake Boulevard

City of Southlake Strategy Map The City of Southlake provides municipal services that support the highest quality of life for our residents and businesses. We do this by delivering outstanding value and unrivaled quality in everything that we do. unrivaled quality in everything that we do. Fulfill Our Mission Live Our Core Values PromoteLearning and Growth ProvideFinancialStewardship Serve Our Customers C1 Achieve the highest standards of safety and security C3 Provide attractive and unique spaces for enjoyment of personal interests C4 Attract and keep top-tier businesses to drive a dynamic and sustainable economic environment C2 Provide travel convenience within City and region B6 Optimize use of technology B1 Achieve best-in-class status in all City disciplines B5 Improve performance of delivery and operational processes B4 Provide high quality customer service B2 Collaborate with select partners to implement service solutions F1 Adhere to financial management principles and budget F3 Achieve fiscal wellness standards F4 Establish and maintain effective internal controls F2 Invest to provide and maintain high quality public assets Manage the Business Safety and Security L2 Enhance leadership capabilities to deliver results L3 Attract, develop and retain a skilled workforce L1 Ensure our people understand the strategy and how they contribute to it L4 Recognize and reward high performers C5 Promote opportunities for partnerships and volunteer involvement Deliver on Our Focus Areas Integrity ● Innovation ● Accountability ● Commitment to Excellence ● Teamwork B3 Enhance resident quality of life and business sustainability through tourism L5 Empower informed decision- making at all levels in the organization Infrastructure QualityDevelopment Mobility Performance Management and Service Delivery Partnerships and Volunteerism

Project Location Goddard School

The Goddard School Southlake Noble LLC will construct an approximately 8,100 square foot building for the Goddard School to be located at 435 West Southlake BoulevardSouthlake Noble LLC will construct an approximately 8,100 square foot building for the Goddard School to be located at 435 West Southlake Boulevard

The Goddard School The Commercial Developer’s Agreement covers the following public improvementsThe Commercial Developer’s Agreement covers the following public improvements –Approximately 316 LF of public water line which the City will reimburse the developer an amount not to exceed $16,000 at final acceptance, as the extension of the water line is an improvement to the system, and not a requirement of the development –Approximately 170 LF of public sanitary sewer to serve the adjacent existing veterinary clinic (east of the subject property) as agreed to by the developer of the Stratfort Gardens commercial property

The Goddard School Existing Developer’s AgreementExisting Developer’s Agreement –Construction has begun on the Goddard School under an administratively approved Developer’s Agreement which includes the payment of $2,760 in park fees which were paid be Terra Stratfort, L.P., the developer of Stratfort Gardens commercial property

The Goddard School Park CreditsPark Credits –Southlake Noble LLC, the developer of the Goddard School is requesting permission to utilize previously accumulated park credits by Terra Shady Oaks L.P. for the Shady Oaks, Phase II development, another Terra Land Development project

The Goddard School Park CreditsPark Credits –Park dedication requirements for the 1.15 acre development is acre based on one acre per 50 gross acres or a fee payment of $2,760 based on $2,400 per gross acre. –Terra Land, the owner of the property has a park dedication credit balance in the amount of $686,700 from a previous development in 2010, Shady Oaks Past 2. The developer will use $2,760 in park credits for this development.

The Goddard School Park CreditsPark Credits –The subdivision ordinance states that ‘the City may, at its discretion, apply former dedication which were in excess of the requirement at that time to current or future dedication requirements of the same owner/applicant.’ –Terra Stratfort, L.P. was the developer of the Stratfort Gardens commercial property; however, they have since sold the property to Southlake Noble LLC, the developer of Goddard School

The Goddard School Park CreditsPark Credits –Mr. Paul Spain, of Terra Stratfort, L.P., the original developer of the commercial property, has authorized the use of previously accumulated park credits to cover the park fee requirement for Southlake Noble, LLC and the Goddard School

RECOMMENDATION Approve a commercial developer’s agreement with Southlake Noble LLC for the Goddard School located at 435 West Southlake Boulevard

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