Laserfiche WebLink
s. <br /> 11 . H. 2 . ASSET CHANNELS TELECOM INC . - TERMINATION <br /> OF DEVELOPER ' S AGREEMENT AND RELEASE OF <br /> PAYMENT TO SUBCONSULTANTS FOR MASTER <br /> PLANNED 16 " WATER MAIN ALONG INDIAN RIVER <br /> BOULEVARD (CARTER ASSOCIATES , COASTAL <br /> TECHNOLOGY CORP. AND KSM ENGINEERING ) <br /> The Board reviewed a Memorandum of June 19 , 2001 : <br /> DATE : JUNE 19 . 2001 <br /> TO : JAMES E. CHANDLER <br /> COUNTY ADMINISTRATOR <br /> PREPARED STEVEN J. DOYLE . P . E . <br /> AND STAFFED INTERIM ASSISTANT DIRECTOR <br /> BY : OF UTILITY SERVICES <br /> SUBJECT: TERMINATION OF DEVELOPER' AGREEMENT WITH ASSET CHANNELS <br /> TELECOM INC . AND RELEASE OF PAYMENT TO SUB CONSULTANTS <br /> FOR MASTER PLANNED 16" WATER MAIN ALONG INDIAN RIVER BLVD. <br /> BACKGROUND & ANALYSIS <br /> On April 26 . 2000 the County entered into a Developers Agreement with .Asset Channels Telecom Inc . <br /> for the design and installation of a 16- inch diameter master planned water main along Indian River <br /> Boulevard. Upon Board of County Commission written acceptance of the Developer ' s Agreement, the <br /> Developer commenced with the design and permitting portion of the project and retained the professional <br /> services of three local firms : Caner Associates Inc . , Coastal Tech. Corp . and KSM Engineering to complete <br /> survey , design and permitting tasks . <br /> On December 18 , 2000 staff received written correspondence from Coastal Tech Corp . indicating .Asset <br /> Channels ' Inc . intent to proceed with Bankruptcy Proceedings . Asset Channels Telecom Inc . requested six <br /> payments over the period of May 2000 through October 2000 of which the County processed and made <br /> payment on Pay Request Nos . 1 through ; , inclusive . Request for Payment No . 6 had not been acted upon <br /> in light of the potential for bankruptcy. The intent of Asset Channels to go mto bankruptcy was further <br /> substantiated by reports from local vendors (sub-consultants ) indicattng that they had not been paid for <br /> sen•uces rendered relative to Pay Request Nos . -1 R = . <br /> y _ <br /> Staff discontinued further payments to .Asset Channels Telecom Inc . pending restitution with local <br /> endors . Staff attempted to assist local vendors in receiving pa-vment from Asset Channels Telecom Inc . but <br /> vas unsuccessful . On March � , 2001 the Department of [ tihneS issued a Notice of Termmanon of <br /> Developer ' s Agreement. <br /> JULY 3 , 2001 P6 7 8 5 <br /> - 86 - <br />