Title
Crescent Dixie River, LLC Reimbursable Sewer Construction Contract for the Beaverdam Creek West Branch Outfall Phase I Project
Action
Action:
A. Approve a five-year reimbursable contract with Crescent Dixie River, LLC for sewer construction of a portion of the Beaverdam Creek West Branch Outfall Phase I Project in support of the River District development, and
B. Adopt a budget ordinance appropriating $270,000 from Crescent Dixie River, LLC.
Body
Staff Resource(s):
Angela Lee, Charlotte Water
David Czerr, Charlotte Water
Carl Wilson, Charlotte Water
Explanation
§ Crescent, in partnership with Lincoln Harris, has purchased land on the west side of Mecklenburg County (adjacent to City Council District 3), to create a development known as River One, or the River District. This area is in need of water and sewer infrastructure to support the development.
§ Charlotte Water will construct a 24 inch sewer along Beaverdam Creek. This project is included in the FY2018-22 Charlotte Water Community Investment Plan (CIP) with funding scheduled for Fiscal Year 2022.
§ In accordance with the Water and Sewer Extension Policy, Crescent Dixie River, LLC has applied for a 5-Year Reimbursable Agreement to accelerate the project in the CIP.
§ Crescent Dixie River, LLC has committed to donate surveying, design, and easements on land that they control with an addendum to the standard reimbursable agreement.
§ The estimated total eligible cost of the contract is $2,700,000. The final reimbursable cost will be known once construction bids are received. Once the engineering design services are complete for the project, staff will bring forth a construction contract to City Council for approval in the second quarter of 2019.
§ The initial deposit required to be paid by the applicant is 10 percent of the estimated total eligible cost ($270,000). A budget ordinance is required to accept the developer funds.
§ Crescent Dixie River, LLC owns 33.4 percent of the land area in the basin that will be served by this project. In accordance with the Water and Sewer Extension Policy, Crescent Dixie River, LLC will be reimbursed 66.6 percent of the total eligible project costs in five equal annual payments starting one year after completion of construction.
Fiscal Note
Funding: Charlotte Water Community Investment Plan
Attachments
Attachment(s)
Map
Budget Ordinance