Regional Water System
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Preliminary Development Agreement with Cypress Point on the Lake LLC
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SUBJECT
recommendation
Authorize execution of a Preliminary Development Agreement with Cypress Point on the Lake LLC, to construct and use shoreline improvements on NTMWD property adjacent to Bois d'Arc Lake for residential purposes and authorize the subsequent execution of a Lease and Use Agreement with the future homeowners association who will own the improvements as required by the Preliminary Development Agreement.
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PURPOSE
Cypress Point on the Lake LLC, is a residential property developer that wishes to construct certain improvements and to use NTMWD property adjacent to Bois d'Arc Lake for its residential development called Cypress Point. Upon completion of the improvements, ownership will transfer to a future homeowners association who will be responsible for all future maintenance activities.
RECOMMENDATION
The Executive Director and NTMWD staff recommend the Board of Directors authorize the Executive Director to execute a Preliminary Development Agreement with Cypress Point on the Lake LLC, as follows:
Contracting Party:
Cypress Point on the Lake LLC
Scope:
Preliminary Development Agreement
Contract Term:
5-years
Amount:
None
Committee:
This will be an item on the October 22nd, 2025, Real Estate Committee meeting agenda
DRIVER(S) FOR THIS PROJECT
Strategic Objective:
3.2 Engaged Members, Customers and Stakeholders
? Regulatory Compliance
? Asset Condition
? Capacity
? Redundancy/Resiliency
? Relocation or External Requests
? Operational Efficiency
? Safety
? Administrative
? Policy
? Other _____________
BACKGROUND
* Bois d'Arc Lake (the Lake) is a water supply reservoir developed to meet the needs of the NTMWD's Member Cities and Customers.
* Given the importance of the Lake as a significant public water supply source for the NTMWD, the NTMWD Board of Directors adopted Resolution 20-53 Authorizing the Adoptio...
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