Laserfiche WebLink
DATE: FEBRUARY 7, 2000 <br />TO: JAMES E. CHANDLER <br />COUNTY ADMINISTRATOR <br />FROM: DONALD R. HUBBS, P.E.\ <br />DIRECTOR OF UTILITY <br />TILI TY, SE CE <br />PREPARED MICHAEL C. HOTCHKISS, P.E. <br />AND STAFFED ENVIRONMENTAL ENGINEER <br />BY: DEPARTMENT OF UTILITY SERVICES <br />SUBJECT: DEVELOPER'S AGREEMENT FOR CASCADES OF VERO <br />SUBDIVISION <br />WATER MAIN CONSTRUCTION <br />BACKGROUND <br />Cascades of Vero is a groposed 75 lot single-family home residential subdivision located at the <br />northwest comer of 65 Street and the Lateral "G" Canal. A 10" master planned force main is <br />scheduled to be constructed along the south property line on an as -needed basis driven by <br />development (see attached copy of master plan map). L.I.F.E., LTD. a Florida Limited Partnership <br />has agreed to enter into a cost sharing agreement with the County to construct two sections of <br />master planned water main in conjunction with their site development. A 12" diameter water main <br />will be constructed east along 65th Street from an existing water main located on the east side of <br />Cobblestone Subdivision to the southeast corner of Cascades of Vero Subdivision. A section of <br />16" diameter water main will also be constructed along the 69th Street right-of-way on the northern <br />boundary of Cascades of Vero Subdivision. <br />Attached is a proposed developer's agreement with L.I.F.E., LTD, a Florida Limited Partnership for <br />reimbursement of a portion of the subject water mains. The Developers Agreement is stipulated to <br />reimburse the Developer for the County's share of the water main along 65`F Street upon acceptance <br />by the County, with the water main along 691h Street being refunded over the next five years <br />proportional to Capaeirfemn7m,(colllected by the County. <br />ANALYSIS <br />As shown in Exhibits B 1 and B2 of the attached agreement, the estimated cost sharing between the <br />developer and the County is as follows: <br />March 7, 2000 <br />12" Water Main Along 65th Street -Exhibit B 1 <br />Developer's Share $1,350.00 <br />County's Share $73,535.75 <br />Total Project Cost $74,885.00 <br />16" Water Main Along 69th Street -Exhibit B2 <br />Developer's Share $4,117.50 <br />County's Share $24,390.54 <br />Total Project Cost $28,508.04 <br />85 <br />BOOK< <br />mJe, ..±b V� f �1UI_ =�. <br />