AGENDA MEMORANDUM

 

 

Meeting Date:           June 23, 2008

 

From:                          Raymond S. Sharp, Director, Environmental Services/Public Works

 

Subject:                      Resolution authorizing the Utility Construction Reimbursement (Pioneering) Agreement with K & M Properties of Florida, LLC

 

 

Staff Recommendation:

Staff recommends approval of the Utility Construction Reimbursement (Pioneering) Agreement with K & M Properties of Florida, LLC.

 

Analysis:

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.

 

Options:

1.  Approve the Utility Construction Reimbursement (Pioneering) Agreement as presented, or;

2.  Such alternative action as the Commission may deem appropriate

 

Fiscal Impact

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.

 


 

Submission Date and Time:    6/20/2008 4:48 PM____

 

Department: Environmental Services

Prepared by:  R. Sharp_                     

Attachments:         Yes X    No ______

Advertised:   ____Not Required ______                     

Dates:   __________________________                     

Attorney Review :       Yes X   No ____

                                                

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head rss

 

Finance  Dept. _________JB_______                                     

                              

Deputy C.M. ________EFS________                                                                         

Submitted by:

City Manager ___________________

 

Account No. 043-3099-533-63-10

 

Project No. _430002__________

 

WF No. ___________________

 

Budget ____ $340,640.00______

 

Available ___$101,143.96_______


 

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 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.

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

__________________________

City Clerk