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Summary:
GSSW OL, LC and Radebaugh Properties, Inc, "Developer", owns certain property generally located at 5151 Millenia Blvd. consisting of approximately 50 acres. Developer is developing the property as a mixed use project consisting of up to 725,000 square feet of office, 175 rooms of hotel and 1,174 units of multi-family, "Project". In order for the City to accommodate waste water from the Project, the City's waste water system may have to be upgraded. In an effort to expedite the upgrade, Developer commissioned a report which analyzed various options. City staff have reviewed the report and are satisfied with the information presented therein. Due to the fact that the City would have had to complete a report as a condition of the construction of the upgrade(s) and the fact that the construction would not be a site related cost with respect to the Project, the City has agreed to grant the developer with a waste water credit in the amount of $59,667.58, the cost of the report. The credit may only be utilized to offset the sewer benefit fee assessed by the City for construction of the Project. |
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Fiscal & Efficiency Data:
The Credit will be utilized to offset the sewer benefit fee assessed against the Project, Fund 466 Wastewater Impact Fee Reserve.
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Recommended Action:
Approval of the attached Agreement and authorization for the Mayor or Mayor Pro Tem to execute same, subject to the review and approval of the City Attorney's Office. |
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Agenda Item attachment(s) on file in the City Clerks Office.
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Note:
All agenda items must
be in the City Clerk's office by Noon Friday, six(6) business days prior to the
regular Monday City Council meeting.
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Contact:
Roy Payne, Victor Godlewski
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Approved By:
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Department
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Date and Time
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| Budget Outside Routing Approval |
2/12/2014 5:50 PM |
| City Clerk |
2/13/2014 6:58 AM |
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