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...
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