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• Developer's Share County's Share Total Project Cost $59,452.90 $446,932.10 $506,385.00 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. RECOMMENDATION The staff of the Department of Utility Services recommends that the Board of County Commissioners approve the attached developer's agreement as presented, and authorize the Chairman to execute the same. MCH/mch Attachments Commissioner Adams questioned staff concerning this agreement and was not comfortable with approving it because she wanted more information about River Bend 296 LLC She felt there are a lot of groups were involved and asked about foreign limited liability and Shopco. Utility Services Director Donald R. Hubbs advised that the County Attorney's office did their usual corporate research and found that United Corporate Services of Miami, Florida is the registered agent. Deputy County Attorney Will Collins advised that a foreign limited liability is a limited liability company organized in some other state than Florida. It is required they have a resident agent in Florida. He further advised the structure of a limited liability company in that they do not have a president but act through their members. Director Hubbs advised there was some initial confusion as to the owner and they had to go back and forth a couple of times to get the name. Commissioner Adams was very uncomfortable with this. March 6, 2001 123 BK I i i PG 02 •