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• I LHA TERRA LAKES SUBDIVISION WATER MAIN CONSTRUCTION - DEVELOPER ' S AGREEMENT WITH TERRA LAKES LLC The Board reviewed a Memorandum of May 29 , 2001 : DATE MAY 29, 2001 TO JAMES E CHANDLER COUNTY ADMINISTRATOR FROM . MICHAEL C . HOTCMUSS, P . E . ENVIRONMENTAL ENGINEER DEPARTMENT OF UTILITY SERVICES SUBJECT : DEVELOPER'S AGREEMENT FOR TERRA LAKES SUBDMSION WATER MAIN CONSTRUCTION BACKGROUND Terra Lakes Subdivision is a proposed 24 lot single-family home residential development located on the north side of 41 ' Street approximately I /8' mile east of 66' Avenue. A 12" diameter master planned water main is scheduled to be constructed along 41 ' Street between 58°i Avenue and 66' Avenue on an as-needed basis driven by development (see attached copy of master plan map) . The water main installation will comprise constructing approximately 3 , 800 linear feet of 12 " PVC along 41 n Street from approximately 820 feet west of 58' Avenue to the southwest comer of the project . TERRA LAKES , LLC, has agreed to enter into a cost sharing agreement with the County to construct the master planned water main in conjunction with their site development. Attached is a proposed developer' s agreement with TERRA LAKES, LLC for reimbursement of a portion of the subject water main . The Developer' s Agreement is stipulated to reimburse the Developer for the County ' s share of the water main based on itemized invoices of installed materials on a percentage complete basis-less 100/o 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 Utility Construction Permit (SC — 14 of attached agreement) . JUNE 199 2001 080 - 97 - x ,.. .