Title
Beaverdam Sanitary Trunk Sewer Phase 2 Reimbursable Agreement
Action
Action:
A. Approve a five-year reimbursable agreement with Crescent River District, LLC for construction of a portion of the Beaverdam Sanitary Trunk Sewer project, and
B. Adopt a budget ordinance appropriating $900,000 from Crescent River District, LLC in the Charlotte Water Capital Projects Fund.
Body
Staff Resource(s):
Angela Charles, Charlotte Water
David Czerr, Charlotte Water
Carl Wilson, Charlotte Water
Explanation
§ This agreement will include design, construction, and project administration for construction of a portion of the Beaverdam Sanitary Trunk Sewer project in the River District (adjacent to Council District 3).
§ The project will construct approximately 1,900 linear feet of sanitary sewer line from the future West Boulevard Extension to I-485 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, Crescent River District, LLC has applied for a five-year reimbursable agreement to accelerate the project in the CIP.
§ Crescent River District, 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 10 percent of the estimated total eligible cost or $900,000.
§ In accordance with the Water and Sewer Extension Policy, Crescent River District, LLC will be reimbursed 98.7 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