AGENDA MEMORANDUM

 

 

Meeting Date:           December 8, 2008

 

From:                          Jack Rogers, Gas Director

 

Subject:                      Resolution authorizing execution of a Gas Service Agreement for installation of natural gas service to Plantation Plaza

 

 

Staff Recommendation:

Staff recommends approval of a resolution authorizing execution of a Gas Service Agreement for installation of natural gas service to Plantation Plaza.

 

Analysis:

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.

 

Options:

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

 

Fiscal Impact:

 

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.

 

 

 

 

 

Submission Date and Time:    12/4/2008 4:20 PM____

 

Department: ______________________

Prepared by:  ______________________                     

Attachments:         Yes____   No ______

Advertised:   ____Not Required ______                     

Dates:   __________________________                     

Attorney Review :       Yes___  No ____

                                                

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head ________

 

Finance  Dept. __________JB______                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager ___________________

 

Account No. _________________

 

Project No. ___________________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________


 

RESOLUTION 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

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

__________________________

City Clerk