AGENDA MEMORANDUM

 

 

Meeting Date:           February 12, 2007

 

From:                          Raymond S. Sharp, Director, Environmental Services

 

Subject:                      Resolution authorizing Utility Construction Reimbursement (Pioneering)

                                    Agreement with Highland Cassidy, LLC, relating to water main

                                    construction for Waterfront Estates

 

 

Staff Recommendation:

Staff recommends approval of the Utility Construction Reimbursement (Pioneering) Agreement providing for future reimbursement of water main construction costs under certain conditions.

 

Analysis:

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.

 

Options:

1.  Approve the resolution as presented, or

2.  Such alternative action as the Commission may deem appropriate

 

Fiscal Impact

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.

 

Submission Date and Time:    2/7/2007 6:52 PM2/7/2007 10:01 AM____

 

Department: __Environmental Services__

Prepared by:  __Marj Allman__________                     

Attachments:         Yes__x__   No ______

Advertised:   ____Not Required ______                     

Dates:   __________________________                     

Attorney Review :       Yes_x__  No ____

                                                

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head ________

 

Finance  Dept. ____wp______________                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager _______RS____________

 

Account No. __N/A_____________

 

Project No. ___________________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________


 

RESOLUTION 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.

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

__________________________

City Clerk