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C 09K 10i PAGE 20? <br />11.H.1. DEVELOPER'S AGREEMENT WITH VANCE MCCOWN <br />CONSTRUCTION CO., INC. FOR THE REX STORE CORP. (REX TV) <br />The Board reviewed a Memorandum of April 14, 1997: <br />DATE: APRIL 14, 1997 <br />TO: JAMES E. CHANDLER <br />COUNTY ADMINISTRATO <br />FROM: TERRANCE G. PI <br />DIRECTOR F I ITY SERVICES <br />PREPARED WILLIAM F. Mc C , P.E. <br />AND STAFFED CAPIT TS ENGINEER <br />BY: DEP O UTILITY SERVICES <br />SUBJECT: DEVELOPER'S AGREEMENT WITH VANCE MCCOWN <br />CONSTRUCTION COMPANY, INC., FOR THE REX <br />STORE CORPORATION <br />INDIAN RIVER COUNTY PROJECT NO. CDS/CCS-622 <br />BACKGROUND <br />As development proceeds on the south side of State Road 60, east of <br />Kings Highway, it has become necessary to extend utility services <br />to this area. This expansion has progressed through the <br />utilization of developers' agreements with the various businesses <br />for the construction of both Master -planned lines as well as <br />oversized lines to serve the adjacent properties. The Master Plan <br />called for water main extensions both on State Road 60, as well as <br />parallel to the main relief canal behind the properties fronting <br />State Road 60. (See attached exhibit from the Master Plan.) To <br />date the water has been extended through agreements with both <br />WalMart and Applebees for construction across their properties. <br />The proposed sewer service to this project is an extension of an <br />existing system, the core of which was constructed through the <br />developer's agreement with Applebees (see attached). <br />ANALYSIS <br />The total estimated construction cost of the Master -planned water <br />main extension is $77,445.50. The County's contribution is <br />$70,470.50, with the developer paying $6,975.00. The developer's <br />portion is calculated at a rate of two times the line extension fee <br />for both front and back property lines. The total estimated cost <br />of the sewer main extension is $69,710 ,0. The County's <br />contribution is $64,042.58, with the developer paying $5,667.42. <br />The developer is also reimbursing the County a proportional share <br />of the regional area lift station constructed through the <br />developer's agreement with Applebees. This reimbursement is in the <br />amount of $5,958.71. For complete details of the proposed <br />developer's agreement, please reference the attached proposed <br />agreement. <br />RECOMMENDATION <br />The staff of the Department of Utility Services recommends that the <br />Board of County Commissioners approve the Developer's Agreement as <br />presented and authorize the chairman to execute same. <br />84 <br />April 22, 1997 <br />