Staff recommends approval of the Utility Construction Reimbursement (Pioneering) Agreement providing for future reimbursement of water main construction costs under certain conditions.
Highland Cassidy, LLC, constructed a water main extension for service to their development site south US Hwy. 27. The Utility Construction Reimbursement (Pioneering) Agreement provides for reimbursement to the Developer of a cost not to exceed $360,799.26 in the event the intervening property should be developed at some future time.
1. Approve the resolution as presented, or
2. Such alternative action as the Commission may deem appropriate
Collection of future connection fees will allow reimbursement of the City’s out-of-pocket costs of upsizing the water main for future demands, and will reimburse the Developer for their construction costs for installation of the water main. The latter reimbursement will be on a pass-through basis as the fees are collected. The agreement has a five (5) year term.
Department: __Environmental Services__
Prepared by: __Marj Allman__________
Attachments: Yes__x__ No ______
Advertised: ____Not Required ______
Attorney Review : Yes_x__ No ____
Reviewed by: Dept. Head ________
Finance Dept. ____wp______________
Deputy C.M. ___________________
City Manager _______RS____________
Account No. __N/A_____________
Project No. ___________________
WF No. ______________________
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A UTILITY CONSTRUCTION REIMBURSEMENT (PIONEERING) AGREEMENT WITH HIGHLAND CASSIDY, LLC, RELATING TO WATER MAIN CONSTRUCTION FOR WATERFRONT ESTATES; 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 Highland Cassidy, LLC, whose address is 295 First Street South, Winter Haven, FL 33880, for utility construction reimbursement.
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 __12th___ day of _February________ 2007.