Title
Rocky River Sanitary Trunk Sewer Reimbursable Agreement
Action
Action:
A. Approve a five-year reimbursable agreement with 19300 Shearer Road Realty LP for construction of a portion of the Rocky River Sanitary Trunk Sewer project, and
B. Adopt a budget ordinance appropriating $2,700,000 from 19300 Shearer Road Realty LP into the Charlotte Water Capital Projects Fund.
Body
Staff Resource(s):
Angela Charles, Charlotte Water
David Czerr, Charlotte Water
Carl Wilson, Charlotte Water
Explanation
§ The agreement will include construction and project administration for a portion of the Rocky River Sanitary Trunk Sewer project in the Town of Davidson (adjacent to Council District 3).
§ The project will construct sanitary sewer line from the existing Rocky River sanitary sewer and extending north along the Rocky River and will provide public sanitary sewer service for the area.
§ The project is included in the Charlotte Water Capital Investment Plan (CIP).
§ In accordance with the Water and Sewer Extension Policy, 19300 Shearer Road Realty LP has applied for a five-year reimbursable agreement to accelerate the project in the CIP.
§ 19300 Shearer Road Realty LP 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 $2,700,000.
§ In accordance with the Water and Sewer Extension Policy, 19300 Shearer Road Realty LP will be reimbursed 93.1 percent of the total eligible project costs in five equal annual payments starting one year after completion of construction.
Charlotte Business INClusion
The city will negotiate a MWSBE goal for Infrastructure Reimbursement Agreement Contract as the scopes of work are defined for design and construction services.
Fiscal Note
Funding: Charlotte Water Capital Investment Plan
Attachments
Attachment(s)
Map
Budget Ordinance