TITLE
title
Cabot Citrus OPCO, LLC, Water and Sewer Service Agreement With Hernando County Water and Sewer District
body
BRIEF OVERVIEW
Cabot Citrus OPCO, LLC is developing a golf resort (formerly known as World Woods) located on US 98 east of the Suncoast Parkway. Previously, Hernando County Utilities did not provide water and wastewater services to this development. As part of the redevelopment, attached is an agreement that will provide bulk wastewater service.
Below are notable terms within the agreement:
* The developer will continue to provide potable water and fire flow to serve the needs of the development.
* At such time that Hernando County Utilities water is available adjacent to the development, the developer will connect to the public water system.
* The developer will construct a new 6,000+\- lineal foot off-site force main along the northern boundary of the County Landfill and connect to an existing force main. The developer will oversize the force main from 8" to 12" to provide additional capacity for future developments within the County. The Water and Sewer District will reimburse the developer $333,751 for the cost of oversizing the off-site force main.
* In addition to the rates for sewer services, the developer will pay a surcharge ($1.00 per 1000 gallons) to provide funding in case the off-site force main will need to be relocated to accommodate growth of the County landfill. The surcharge will sunset after reaching $216,568.
FINANCIAL IMPACT
Funds in the amount of $333,751 to be available in Account No. 4144-07244-5626322, Capital Fund / Dept., Sewer Line Upgrade account.
LEGAL NOTE
The Board has the legal authority to review and approve this item per Chapter 125, Florida Statutes.
recommendation
RECOMMENDATION
It is recommended that the Board approve and authorize the Chairman's signature on the attached Cabot Citrus OPCO, LLC Water and Sewer Service Agreement and authorize staff to record the agreement in the Public Records of...
Click here for full text