Staff recommends approval of the Utility Construction Reimbursement (Pioneering) Agreement with K & M Properties of Florida, LLC.
Some time ago, Prestige Ready Mix relocated their concrete plant to Jim Rogers Industrial Park. Lake County required Prestige Ready Mix to connect to central water and sewer. Subsequently, the ownership of Prestige Ready Mix was transferred to K & M Properties of Florida, LLC. This agreement is with K & M Properties of Florida, LLC.
As is customary with such connections, the City required the connection to be made at the developer’s expense. This Pioneering Agreement provides for reimbursement to the developer for water and wastewater facilities constructed and conveyed to the City as future connections are made to the developer-constructed assets. It also provides for reimbursement for upsizing costs on the water line extension as direct reimbursement to the developer upon completion and acceptance by the City.
A Utility Service Agreement is presented separately.
1. Approve the Utility Construction Reimbursement (Pioneering) Agreement as presented, or;
2. Such alternative action as the Commission may deem appropriate
The City’s direct cost is $7,320.00 for upsizing of the water main (Exhibit C). All other costs are pass-through reimbursements to be made as future connections are made to the system and proportional connection fees are collected from future connections.
Department: Environmental Services
Prepared by: R. Sharp_
Attachments: Yes X No ______
Advertised: ____Not Required ______
Attorney Review : Yes X No ____
Reviewed by: Dept. Head rss
Finance Dept. _________JB_______
Deputy C.M. ________EFS________
City Manager ___________________
Account No. 043-3099-533-63-10
Project No. _430002__________
WF No. ___________________
Budget ____ $340,640.00______
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 K & M PROPERTIES OF FLORIDA, LLC; 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 a Utility Construction Reimbursement (Pioneering) Agreement with K & M Properties of Florida, LLC whose address is 7228 C Westport Place, West Palm Beach, Florida, 33413.
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 _23rd____ day of __June_______ 2008.