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ANALYSIS <br /> As shown in Exhibit B of the attached agreement, the estimated cost sharing between the developer <br /> and the County is as follows : <br /> Developer' s Share $ 5 ,231 25 <br /> County ' s Share $ 1451008 . 75 <br /> Total Project Cost $ 150, 240. 00 <br /> As homes are built in the project, homeowner' s will pay a total of $31 , 200. 00 in water capaciry <br /> charges . The project is beyond the ''/< mile proximity to an existing force main requiring connection to <br /> sewer. Construction of the water main will allow the County to coordinate expansion of the water <br /> distribution system with development of the site, as well as provide water service to future <br /> development along the improved corridor. The County ' s total share of $ 145 , 008 . 75 will be funded <br /> from the capacity charge fund, Account Number 472 . <br /> RECOMMENDATION <br /> The staff of the Department of Utility Services recommends that the Board of County Commissioners <br /> approve the attached developer's agreement as presented, and authorize the Chairman or Vice <br /> Chairman to execute the same. <br /> ON MOTION by Commissioner Adams , <br /> SECONDED by Commissioner Tippin , the Board , <br /> by a 4 - 0 vote (Chairman Ginn absent) unanimously <br /> approved the Developer ' s Agreement with Terra <br /> Lakes , LLC and authorized the Vice Chairman to <br /> execute same, as recommended by staff. <br /> AGREEMENT IS ON FILE IN THE <br /> OFFICE OF THE CLERK TO THE BOARD <br /> JUNE 19 , 2001 <br /> PO b 8 I <br /> - 98 - <br /> x <br />