Case File 26-0342
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Ordinance authorizing a Wastewater Trust Fund Reimbursement Agreement up to $377,849.00 with V2 Ventures Partners, LLC to construct an off-site wastewater improvement for a proposed residential development located at the northeast intersection of Excelsior Boulevard and Rombs Street, also known as Oso Vista Subdivision and authorizing future appropriation of Wastewater Trust Fund revenue up to the $377,849.00 to reimburse the developer in accordance with the agreement and Unified Development Code. (District 3).
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Check MPM's District 3 and 5 subdivision pact for overrun risk
Context: The $1.6M figure spans three separate agreements folded into a single 9-0 consent-agenda vote on June 30, 2026, with no individual cost breakdown in the minutes.
Recommended: Review the reimbursement and cost-overrun allocation clauses in the three MPM Development DPAs — with roughly $1.6M committed across bundled residential and commercial subdivisions, any ambiguity over who absorbs costs beyond that estimate becomes a dispute risk once construction bids come in.
Request MPM's Districts 3-5 street oversizing cost split
Context: Council adopted the $1.6M MPM DPAs 9-0 on consent at both the June 23 first reading and June 30 second reading.
Recommended: Pull the three Developer Participation Agreements the council approved with MPM Development, LP for the exact cost-share ratio the city applied to street infrastructure oversizing; that ratio is now your negotiating benchmark for any subdivision you're pursuing in Council Districts 3 or 5.
Ask why MPM's Districts 3-5 subdivision deal bypassed line-item review
Context: Minutes note Item 28 was 'not individually detailed in pages 1-7; approved on consent agenda' at both the June 23 and June 30 votes.
Recommended: Item 28 bundled three MPM Development agreements worth roughly $1.6M into the consent agenda with no individual cost breakdown recorded in either reading — ask staff why, especially since the same June 30 meeting cleared $36.4M in total commitments without item-by-item discussion.
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Ordinance authorizing a Wastewater Trust Fund Reimbursement Agreement up to $377,849.00 with V2 Ventures Partners, LLC to construct an off-site wastewater improvement for a proposed residential development located at the northeast intersection of Excelsior Boulevard and Rombs Street, also known as Oso Vista Subdivision and authorizing future appropriation of Wastewater Trust Fund revenue up to the $377,849.00 to reimburse the developer in accordance with the agreement and Unified Development Code. (District 3).
Vote: 9 for, 0 against
approve Wastewater Trust Fund Reimbursement Agreement up to $377,849.00 with V2 Ventures Partners for Oso Vista Subdivision
Ordinance authorizing a Wastewater Trust Fund Reimbursement Agreement up to $377,849.00 with V2 Ventures Partners, LLC to construct an off-site wastewater improvement for a proposed residential development located at the northeast intersection of Excelsior Boulevard and Rombs Street, also known as Oso Vista Subdivision and authorizing future appropriation of Wastewater Trust Fund revenue up to the $377,849.00 to reimburse the developer in accordance with the agreement and Unified Development Code. (District 3).
Vote: 9 for, 0 against
Authorize Wastewater Trust Fund Reimbursement Agreement up to $377,849 with V2 Ventures (first reading)
Not individually detailed in pages 1-7; approved on consent agenda