Consider and take appropriate action on the Fifth Amendment to the Construction Agreement between Rastegar Related Fund Management Infinity Park Property Owner L, RPC F1 Once LLC, and Travis County for the McAngus Industrial Development project<strong data-pasted="true">, </strong>in Precinct Four. (Judge Brown)

Staff Report & Agenda Item Details

McAngus Industrial Development project is a proposed 4-building warehouse site project located on McAngus Road. The Construction Agreement between Rastegar Related Fund Management, Infinity Park Property Owner LP, RPC F1 One LLC and Travis County was approved by the Commissioners Court on August 2, 2022, for the widening of a portion of McAngus Road near the Ross Road extension. The First Amendment was approved to extend the time to complete certain road improvement obligations. The Second Amendment was approved to again extend the timeline to complete certain improvements to McAngus Road. The third Amendment was proposed to remove the City of Austin from its obligations from the agreement. The fourth amendment was proposed to extend the McAngus Road construction plan approval deadline from August 31, 2024, to May 1, 2026, and to extend the McAngus Road construction deadline from February 28, 2025, to December 31, 2026.<br data-pasted="true"> <br>The fifth amendment is proposed to extend the McAngus Road construction plan approval deadline from May 1, 2026, to December 31, 2026, and to extend the McAngus Road construction deadline from December 31, 2026, to July 1, 2027.<br><br>The extension is requested to obtain the easements necessary for the project, due to permitting and construction-related delays.