Title
Goose Creek Sanitary Sewer Extension to Cresthill Reimbursable Agreement
Action
Action:
A. Approve a five-year reimbursable agreement with Green Street Land Company LLC for construction of the Goose Creek Sanitary Sewer Extension project in the amount of $2,400,000, and
B. Adopt a budget ordinance appropriating $2,400,000 from Green Street Land Company LLC.
Body
Staff Resource(s):
Angela Charles, Charlotte Water
David Czerr, Charlotte Water
Carl Wilson, Charlotte Water
Explanation
§ This agreement will include design, real estate acquisition, permitting, construction, inspection services, project administration, and any other expenses accrued from construction for the Goose Creek Sanitary Sewer Extension project in the Town of Mint Hill (adjacent to Council District 5).
§ The project will construct approximately 5,400 linear feet of 8-inch sanitary sewer line from Lawyers Road to Cresthill Drive and will provide public sanitary sewer service for the area.
§ This project is included in the Charlotte Water Capital Investment Plan (CIP) with funding scheduled for Fiscal Year 2025.
§ In accordance with the Water and Sewer Extension Policy, Green Street Land Company LLC has applied for a five-year reimbursable agreement to accelerate the project in the CIP.
§ Green Street Land Company LLC will donate the design, and Charlotte Water will procure the contractor for construction.
§ The initial deposit required to be paid by the applicant is ten percent of the estimated total eligible cost or $2,400,000. A budget ordinance is required to accept the developer funds.
§ In accordance with the Water and Sewer Extension Policy, Green Street Land Company LLC will be reimbursed 84.3 percent of the total eligible project costs in five equal annual payments starting one year after completion of construction.
Fiscal Note
Funding: Charlotte Water Capital Investment Plan
Attachments
Attachment(s)
Budget Ordinance
Map