City of Glenn Heights City Council Agenda August 5 2025
Rain Financial to Fund $135K Jenkins Road Rehab
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Description
The Glenn Heights City Council approved a Development Agreement with Rain Financial Inc., who will pay $135,000 toward Jenkins Road rehabilitation as part of a new subdivision development. The City will undertake and complete full-depth asphalt rehabilitation, with long-term maintenance responsibility.
Contract Details
Contract Amount
$135,000 plus possible additional pro-rata costs
Vendor
RAIN FINANCIAL INC
Agency
City of Glenn Heights city, TX
Contract Type
CONSTRUCTION
Document Date
August 5, 2025
Contract Term
Developer payment within 30 days of permit; City must start construction within two years or refund, otherwise term ongoing with infrastructure project
Renewal Info
Developer creditable against future Roadway Impact Fees; additional pro-rata cost payments required if City costs exceed estimate; refund obligation if City fails to begin work within two years.
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