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DATE FEBRUARY 23, 2001 TO: JAMES E. CHANDLER COUNTY ADMIMSTRATOR FROM: DONALD R. HUBBS, , DIRECTOR OF UTILITY SER S PREPARED MICHAEL C. HOTCHKISS, P.E. AND STAFFED ENVIRONMENTAL ENGINEER BY: DEPARTMENT OF UTILITY SERVICES SUBJECT: DEVELOPER'S AGREEMENT FOR RIVER BEND SUBDMSION FORCE MAIN CONSTRUCTION BACKGROUND River Bend Subdivision is a proposed 646 lot single-family home residential development located at the southeast comer of 63rd Street and U.S. Highway 1. A master planned force main is scheduled to be constructed from the Central Region Wastewater Treatment Facility on an as -needed basis driven by development (see attached copy of master plan map). The force main installation will comprise constructing approximately 1,800 linear feet of 16" PVC along the Lateral "G" Canal right of way, 4,150 linear feet of 12" PVC along the 53nd Street and U.S. Highway 1 right of ways and 4,100 linear feet of 6" PVC along the 63' Street right-of-way, from the Central Regional Wastewater Treatment Plant to the northeast corner of the project. RIVER BEND 296 LLC, has agreed to enter into a cost sharing agreement with the County to construct the master planned force main in conjunction with their site development. Attached is a proposed developer's agreement with RIVER BEND 296 LLC for reimbursement of a portion of the subject force main. The Developer's Agreement is stipulated to reimburse the Developer for the County's share of the force main based on itemized invoices of installed materials on a percentage complete basis -less 10% retainage, monthly with final payment and release of retainage at the time said facilities are dedicated to the County (SC — LA of attached agreement). Developer will be required to post a 225% payment and performance bond prior to issuance of the Utility Construction Permit (SC — 14 of attached agreement). ANALYSIS 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 $591452.90 County's Share $4467932.10 Total Project Cost $5069385.00 As homes are built in the project, homeowner's will pay a total of $2,646,016.00 in water and sewer capacity charges. The developer has agreed to pay $458,544.00 to reserve 164 sewer equivalent residential units.(ERU) prior to the County's reimbursement of funds described in the developer's agreement. Construction of the force main will allow the County to coordinate expansion of the wastewater collection system with development of the site, as well as provide sewer service to future development along the improved corridor. The County's total share of $458,544.00 will be funded from the capacity charge fund. MARCH 13, 2001 -41-