Laserfiche WebLink
Indian River County, Florida <br />Department of Utility Services <br />Board Memorandum <br />Date: February 20, 2020 <br />To: Jason E. Brown, County Administrator <br />From: Vincent Burke, PE, Director of Utility Services <br />Prepared By: Elliese Shaughnessy, El, Utilities Design Engineer <br />Subject: First Amendment to the Agreement between Indian River County and Lost Tree Preserve, LLC <br />Background: <br />On August 15, 2017, the Board of County Commissioners (BCC) approved the Agreement between Indian <br />River County, Florida and Lost Tree Preserve, LLC (Agre ment) for Lost Tree Preserve Planned Development <br />(PD). The County agreed to reimburse a portion of the off-site force main and water mains that serve Lost <br />Tree Preserve PD as detailed in the original Exhibits A, B, and C that totaled $150,317.23. The Agreement <br />acknowledged future off-site utility improvements and the potential amendments to the Agreement. More <br />specifically, it acknowledged the extension of the 8 -inch water main along 65th Street from Old Dixie Highway <br />to the western limits of Lost Tree Preserve PD. <br />The purpose of the First Amendment to the Agreement for Lost Tree Preserve PD is to provide the details <br />and conditions of the reimbursement for the water main extension along 65th Street. The 8 -inch water main <br />will be upsized to a 12 -inch and will be extended from the existing 12 -inch water main on 46thth Drive to tie <br />into the existing 12 -inch water main on Old Dixie Highway. The County agrees to pay no more than <br />$135,980.08 (33% of the total), as outlined in Exhibit D that is being amended to the original Agreement, <br />after the water main is dedicated to the County. The total amount for the Agreement is now $286,297.31. <br />The following summarizes the cost of the County of the initial Agreement and the 65th Street water main <br />amendment. <br />To date, a portion of the Agreement has been reimbursed, and the new remaining totals are shown below. <br />Water <br />Sewer <br />Total <br />Original Agreement <br />$105,845.95 <br />$44,471.28 <br />$150,317.23 <br />First Amendment <br />$135,980.08 <br />$44,471.28 <br />$135,980.08 <br />Total <br />$241,826.03 <br />$44,471.28 <br />$286,297.31 <br />To date, a portion of the Agreement has been reimbursed, and the new remaining totals are shown below. <br />69 <br />Water <br />Sewer <br />Total <br />Paid <br />$ 35,430.48 <br />$ 35,430.48 <br />Remaining <br />$206,395.55 <br />$44,471.28 <br />$250,866.83 <br />69 <br />