Definition of CONSENT AGENDA
Items listed on the Consent Agenda for Approval are not public hearing items. These items are considered to be routine and will be approved by one motion and one vote.
Grand Prairie, TX City Council Meeting Agenda
November 15, 2011
Consent Agenda Items
9 11-1440 License to DFW Midstream Services, LLC for gas pipelines along and across portions of Lake Ridge Parkway, Matthew Road, Prairie Lane, Polo Road, Robinson Road, Barn Owl Trail, High Hawk Boulevard and tracts of City owned land in the High Hawk at Martins Meadow Addition.
Oh, Whoops!! Forgot to mention these small details in the summary for the Consent Agenda:
Title
License to DFW Midstream Services, LLC for gas pipelines along and across portions of Lake Ridge Parkway, Matthew Road, Prairie Lane, Polo Road, Robinson Road, Barn Owl Trail, High Hawk Boulevard and tracts of City owned land in the High Hawk at Martins Meadow Addition.
Presenter
Bill Crolley, Director of Planning and Development
Recommended Action
Approve
Analysis
DFW Midstream Services, LLC has requested permission to place gas transmission pipelines along and across portions of Lakeridge Parkway, Matthew Road, Prairie Lane, Polo Road, Robinson Road, Barn Owl Trail, High Hawk Boulevard and tracts of City owned land in the High Hawk at Martins Meadow Addition.
A license from the City is needed to allow DFW Midstream Services, LLC to extend gas gathering pipelines from an existing line at the Barnes Assembly well pad site near Matthew Road and Fish Creek to the Crystal Paradise well pad site near Lakeridge Parkway and Great Southwest Parkway; and to the Corn Valley well pad site near Camp Wisdom Road and Carrier Parkway.
The license agreement is for a term of twenty (20) years with a nine (9) year renewal option. The fee during the renewal option period is to be adjusted by the increase in the Consumer Price Index.
Financial Consideration
Revenue: $492,305 lump sum advance payment (8,951 linear feet at $2.75 per linear foot per year for 20 years). Funds to be deposited in the Street Capital Projects Fund (400192) 24620.
Over and Out.
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