Staff recommends approval of a resolution authorizing execution of a Gas Service Agreement for installation of natural gas service to Plantation Plaza.
Cornerstone Development of Lake County is constructing a business development known as Plantation Plaza on US Highway 27, south of Leesburg. The developer has requested natural gas service for four restaurants to be constructed within the plaza. The developer is unable to determine when these restaurants will occupy the plaza or what their total annual gas consumption will be. For this reason, the developer is willing to provide the initial funding of nine thousand dollars ($9,000) for installation of the gas main and services. In return, the City will reimburse a portion of the funds provided by the developer, based on the estimated first year gas consumption of each restaurant that occupies the plaza. As provided for in the agreement, the reimbursement will not exceed two thousand dollars ($2,000) for each connected restaurant, and eight thousand dollars ($8,000) total for the development.
1. Approve the resolution authorizing execution of a gas service agreement to install natural gas service to Plantation Plaza.
2. Such alternative action as the Commission may deem appropriate
The project is developer funded. The City will be able to recoup the funds that are returned to the developer, through the sale of gas, within the first year of operation of each restaurant.
Prepared by: ______________________
Attachments: Yes____ No ______
Advertised: ____Not Required ______
Attorney Review : Yes___ No ____
Reviewed by: Dept. Head ________
Finance Dept. __________JB______
Deputy C.M. ___________________
City Manager ___________________
Account No. _________________
Project No. ___________________
WF No. ______________________
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG AUTHORIZING THE MAYOR AND THE CITY CLERK TO EXECUTE A GAS SERVICE AGREEMENT TO INSTALL NATURAL GAS SERVICE TO PLANTATION PLAZA; 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 Cornerstone Development of Lake County, LLC, whose address is 1316 Bowman St, Clermont Florida, 34711, for the installation of gas service to Plantation Plaza.
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 _8th____ day of December_______ 2008