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____

 

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. ___420002/420010_______

 

WF No. _____377311/334098_______

 

Budget  _____$126,000__/$339,000___

 

Available ____$124,00019,416/$139,704250,000_______


 

RESOLUTION NO._______________

 

A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE AN AGREEMENT WITH __Harris Cove Partners, Ltd., a Florida limited Partnership, to extend Natural gas Service TO Lake Harris Cove ; AND PROVIDING AN EFFECTIVE DATE.

 

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