12/4/2001 - Laserfiche WebLink

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As shown in Exhibit B of the attached agreement, the estimated cost sharing between the developer and the County is as follows Developer's Share $ 19,781 62 County's Share $ 5,847 38 Total Project Cost $ 251629.00 Construction of the water main will allow the County to coordinate expansion of the water distribution system with development of the site, as well as provide water service to future projects along the US 1 corridor As future projects connect to the water system, line extension fees will be collected, along with capacity charges. A portion of the developer's contribution includes $2,212.05, which is the proportionate share of a directional bore provided by Fountain Towers, LLC, Medical Office building funded by the County. Even though the County is only reimbursing $5,84738 to the developer, $8,059.43 of County funds are entitled to be reimbursed through line extension fees as future customers connect to the new water main The County's total share of $5,847.38 will be funded from the capacity charge fund, Account Number 472. The staff of the Department of Utility Services recommends that the Board of County Commissioners approve the attached developer's agreement as presented, authorize the Utilities Department to recover $83059.43 ($5384738 + $2,212.05) in he extension fees from future development and authorize the Chairman to execute the same ON MOTION by Commissioner Adams, SECONDED by Commissioner Stanbridge, the Board unanimously approved the Developer's Agreement with Eddy Group, Inc.; authorized the Utilities Department to recover $8,059.43 in line extension fees from future development; and authorized the Chairman to execute the Agreement; all as recommended by staff. DECEMBER 4, 2001 AGREEMENT IS ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD -111- �'. r, i' is J