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AGENDA MEMORANDUM
Meeting Date: April 24May 8, 2006
From: Jack Rogers, Gas Director
Subject: Resolution authorizing a Professional
Services Agreement Approval of a
professional service agreement with
Harris Cove Partners, Ltd. to provide fFor gas service to Lake Harris Cove.
Staff Recommendation:
Staff
recommends approval of the Professional Services Aagreement to provide
gas service to Lake Harris Cove.
Analysis:
Harris Cove Partners, Ltd. is building apartments near Hwy 441 behind Lowes
Home Improvement Warehouse. To obtain service they are willing to commit
that all of the 152 units will have a minimum of gas water heaters, hHydro-heat,
and gas stoves or gas clothes dryers. A chart showing the anticipated build
out expenses and revenue is included in the Ffiscal
Iimpact.
The agreement has been reviewed and approved by the
City Attorney.
Options:
1. Adopt a resolution approving the Professional
Service Agreement an agreement with Harris Cove
Partners, Ltd., for gas service to
Lake Harris Cove , or
2. Such alternative action as the Commission may deem appropriate
Fiscal Impact:
According to the rules set forth in the City Code
of Ordinances section 22-248 (e.) a less than seven year
payoff will bepayoff will
be realized in less than
7 years. Attached is a
schedule of the anticipated cash flow reflecting based on a first year capital cost of $46,000 for 2”
main and services required to serve this development and a revenue stream of at least $78,554 over seven years.
Submission Date and Time: 5/18/2006 3:09 PM____
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Department: ______________________ Prepared by: ______________________ Attachments: Yes____ No ______ Advertised: ____Not Required ______ Dates: __________________________ Attorney Review : Yes_X__ No ____
_________________________________ Revised 6/10/04 |
Reviewed by: Dept. Head ________
Finance Dept. __________________
Deputy C.M. ___________________ Submitted by: City Manager ___________________ |
Account No. _042 2099 532 XX XX
Project No. __
WF No. _____377311/334098_______
Budget _____$126,000__/$339,000__
Available ____$1 |
RESOLUTION NO._______________
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:
THAT the Mayor and City Clerk are hereby authorized to
execute an agreement with Harris Cove Partners, Ltd., a Florida
limited partnership, whose address is __1551 Sandspur Rd., Maitland Fl. 32751, for the purpose of extending natural gas service
to Lake Harris Cove. A copy of the agreement is attached..
THAT this resolution shall become effective immediately.
PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a regular meeting held the __22nd___ day of __May_______ 2006
__________________________
Mayor
ATTEST:
__________________________
City Clerk