SUBJECT:
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Approval of a resolution authorizing the President and CEO, or her designee, to finalize, execute, and amend three existing License Agreements held by CS Kinross Lake Parkway, LLC, for purposes of facilitating construction of transit facilities at the Uptown ATX development, and waiving fees for the License Agreements.
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FISCAL IMPACT:
Refer to executive summary for clarification.
STRATEGIC PLAN:
Strategic Goal Alignment:
? 1. Customer ? 2. Community
? 3. Workforce ? 4. Organizational Effectiveness
EXPLANATION OF STRATEGIC ALIGNMENT: In 2014, CapMetro executed three license agreements with CS Kinross Lake Parkway, LLC, for the installation of rail, utility, and wastewater utilities CapMetro's rail right-of-way located at the Uptown ATX development. Amending the license agreements will enable CapMetro to fulfill a key component of Project Connect related Redline improvements, specifically a new commuter rail station.
BUSINESS CASE: Waiving the annual fee associated with each license agreement will enable the construction of the new Broadmoor commuter rail station serving the Domain, Uptown ATX development, and the surrounding area. As consideration for the fee waiver, CS Kinross Lake Parkway will donate land to CapMetro necessary for construction of the new rail station.
COMMITTEE RECOMMENDATION: The item was presented and recommended for approval by the Operations, Planning and Safety Committee on June 11, 2025.
EXECUTIVE SUMMARY: In December 2020, CapMetro entered into an agreement (Agreement Regarding Transit Facilities and Related Improvements at the Uptown ATX Development) with Broadmoor Austin Associates and BDN Management, Inc. ("Brandywine") to develop the commuter rail station located at Brandywine's commercial development known as Uptown ATX. In 2014, CS Kinross Lake Parkway, LLC, executed three utility license agreements with CapMetro, including the payment of an annual licen...
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