Title
Resolution - A Resolution of the City Council of the City of Mansfield, Texas, Approving an Economic Development and Performance Agreement by and Between the Mansfield Economic Development Corporation (“MEDC”) and Medical Expense Division, Inc. and Authorizing its Execution by the President of the MEDC; and Providing an Effective Date
Requested Action
Consider request for assistance from Medical Expense Division, Inc.
Recommendation
At the April 2 MEDC Board meeting, the board unanimously recommended reimbursement of actual cost, not to exceed $250,000, for sanitary sewer lines and fire hydrants.
Description/History
Arlington Pain and Therapy (APT) is currently located in Southeast Arlington. They have decided Mansfield offers the best positioning for their practice long term. APT specializes in cardiac rehab, physical therapy, sports medicine, and pain management. The new $6.4 million 20,000 SF medical office building will be located at 75 Regency Parkway on a 3.6-acre tract of land. It is estimated to bring 25 staff and doctors to Mansfield and an additional 15 within 5 years.
When Regency Parkway was extended to Heritage Parkway, it was determined the existing sanitary sewer was not able to continue to Heritage, therefore, leaving over 30 acres without sewer service. In order for APT to connect to public sewer, they will need to install 1,200 linear feet of sanitary sewer line to the west. This extension will also open up 30 acres of undeveloped land to the west of the APT site. The cost of the sewer line extension is approximately $300,000.
The second item in this request is for two fire hydrants at a cost of $27,000. These fire hydrants could benefit future development in the area.
Justification
This project will extend sanitary sewer to Regency Parkway opening up additional land for development.
Funding Source
4A
Prepared By
Richard Nevins, MEDC, 817-728-3652