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bcoK <br />11.H.5. GRACE'S LANDING - PROPOSED DEVELOPER'S <br />AGREEMENT - GRACE'S LANDING. LTD. <br />The Board reviewed a Memorandum of February 3, 1998: <br />DATE: FEBRUARY 3,1998 <br />TO: JAMES E CHANDLER <br />COUNTY ADMINISTRATOR <br />p <br />FROM: DONALD R HUBBS, P.E. f-�`` U <br />DIRECTOR OF UTILITY SERVICES <br />PREPARED AND WILLIAM F., P.E. <br />STAFFED BY. CAPIT ENGINEER <br />SUBJECT: GRACE'S LANDING. PROPOSED DEVELOPERS <br />AGREEMENT. INDIAN RIVER COUNTY PROJECT <br />NO. CDS/CCS - 606 <br />As part of the construction of the Grace's Landings low income housing project, the <br />developer has oversized their pump station and force main to service surrounding <br />properties. (Please see the attached Developer's Agreement for the location map). This <br />oversizing is in keeping with the county's policy of orderly utility expansion <br />ANALYSIS <br />The cost sharing agreement is based on the hydraulic share of the utility capacity. The <br />total project cost is $65,131.00 with Grace's Landing ata 55% cost share and Indian <br />River County at a 45% cost share. The breaks down as follows: <br />Total Project Cost $65,131.00 <br />Grace's Landing Share $ 35,822.05 <br />Indian River County Share S29,309.95 <br />For details of the proposed agreement, Please reference the attached espies. Funding m <br />the interim will be from Fund No. 472 with ultimate recovery from the properties that <br />bene& as connection occurs. <br />RECONIIyIENDATION <br />The Staff of the Department of Utility Services recommends that the Board of County <br />Commissioners approved the attached Developer's Agreement and authorize the chairman <br />to execute the same. Staff also seeks authorization for fit= recovery from surrounding <br />properties as connections occur. <br />ON MOTION by Commissioner Eggert, <br />SECONDED by Commissioner Macht, the Board <br />unanimously approved the Developer's Agreement <br />with Grace's Landing; authorized the Chairman to <br />execute same; and authorized staff to seek future <br />recovery from surrounding properties as connections <br />occur, as recommended by staff. <br />DOCUMENTS ARE ONFILEIN THE <br />OFFICE OF THE CLERK TO THEBOARD <br />FEBRUARY 10, 1998 <br />-54- <br />i a <br />