Description
Title: Authorize negotiation and execution of a cost participation agreement with Vanterra Capital Group, LLC for the City to reimburse the developer an amount not to exceed $5,720,080 for design and construction costs associated with oversizing a wastewater lift station, force main, and gravity wastewater main and appurtenances related to Service Extension Request No. 6039 that will provide wastewater service to a proposed mixed-use development located in the City’s extraterritorial jurisdiction south of Killingsworth Lane, west of Cameron Road, and north of Howard Lane. Funding: $5,720,080 is avail
Summary
The legislation under File ID 26-2047, discussed at the City of Austin Council Meeting on July 23, 2026, proposes a cost participation agreement with Vanterra Capital Group, LLC. The City plans to reimburse the developer up to $5,720,080 for costs related to oversizing wastewater infrastructure, including a lift station and force main, to support a mixed-use development in the City’s extraterritorial jurisdiction. This development will include approximately 195 single-family townhomes and 200 multi-family units. The funding is sourced from the Fiscal Year 2025-2026 Capital Budget of Austin Water. The initiative is significant as it aligns with the City’s long-term planning for infrastructure and supports the growth of residential units