Submitted By: Rusella Bowes-Johnson
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Presentation By: Sean Lanier
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Department: Water & Sewer
STAFF RECOMMENDATION (Motion Ready):
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Approve Developer's Agreement between the City of Ocala and WPG-Triple Crown, LLC for property located at SE 52nd Street at US 301 C-Store and reimbursements in an amount not to exceed $122,936
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OCALA'S RELEVANT STRATEGIC GOALS:
Economic Hub
PROOF OF PUBLICATION:
N/A
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BACKGROUND:
WPG-Triple Crown, LLC (Owner & Developer) wishes to develop a parcel of property located at SE 52nd Street at US 301 into a convenience store. In connection with the development of the property, the Developer has requested that the City of Ocala (City) provide expanded central water and wastewater services. The City has agreed to do so pursuant to the terms and conditions of this Agreement and the City Code.
FINDINGS AND CONCLUSIONS:
* The City has agreed to reimburse the Developer for a portion of the actual costs incurred to design, install, survey, test, inspect, maintain, and repair both the force main and the upsized water main.
* Based on a bid obtained from the approved contractor, it is anticipated that the cost to install and survey the force main will be $186,386, and the cost to perform the water main upsizing will be $99,979. The City shall reimburse Developer 37.13 percent of the force main costs, which equates to $69,201, and 37.71 percent of the water main, which equates to $37,700. These costs represent the difference between the infrastructure size the Developer needs to service the project and the additional capacity the City desires.
* The City shall have no obligation to reimburse force main costs and water main upsizing costs that exceed $122,936.15 in the aggregate (i.e., $106,901 plus a 15 percent contingency) unless such excess cost is due to unforeseen conditions that were not readily observable by the Developer and the Approved Contractor before commencing work. Such excess cost shall be ...
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