SUBJECT:
Title
Request Approval of First Amendment to Water System Developer’s Service Agreement 21-01 Between Golden Ocala Equestrian Land, LLC and Marion County (Budget Impact - None)
Body
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INITIATOR: |
DEPARTMENT: |
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Tony Cunningham, P.E., Director |
Utilities |
DESCRIPTION/BACKGROUND:
On January 19, 2021, the Board formalized an agreement with Golden Ocala Equestrian Land, LLC. This Water System Developer’s Agreement outlined the expansion of the county's water utility system, including the development of a new Regional Water Plant (RWP) to serve the WEC and the broader northwest area (construction of a new plant called the NW Regional Water Treatment Plant).
At the time, the overall cost of the RWP was not anticipated to exceed $5,000,000 and the Developer desired to fast track the construction due to the system limitations that existed. The developer agreed to design, permit, and construct the RWP (“Regional Water Plant”) and new On-Site Improvements. The developer agreed to fund the RWP improvements up to a total cap of $5,000,000 in exchange of credits. The developer completed a portion of the work primarily site design, 30% treatment plant design and constructing and testing of the production wells.
At this time, the construction of the RWP is anticipated to exceed $10,000,000 and system improvements have been completed to provide sufficient capacity for approximately the next 5 years. Due to the change in circumstances, County staff and the developer have agreed that subject to board approval and pursuant to this first amendment, County shall complete the construction of the RWP and incorporate the wells constructed by the developer.
Through this amendment, developer agrees to pay the unused balance of the $5,000,000 originally agreed to. The developer will receive credits for the contribution.
BUDGET/IMPACT:
None
RECOMMENDED ACTION:
Recommended action
Motion to approve and authorize the Chairman and Clerk to execute the First Amendment Developer’s Agreement 21-01.
end