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Amendment to Statewide Logistics Center Water and Sewer Services and Infrastructure Improvements Agreement Dated June 27, 2023, With One Hernando, LLC, for Development of Industrial Park
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BRIEF OVERVIEW
On June 27, 2023, the Board of County Commissioners approved an Infrastructure Improvement Agreement with One Hernando, LLC (Developer) to construct certain improvements associated with their industrial project located on Kettering Road. Improvements included a wastewater lift station and the Cyril Drive Bypass project.
Since that time, prices for construction of the wastewater lift station and force main portion of the project have increased significantly. The Developer is requesting approval of the following changes:
* Cyril Drive Bypass Project reduction from $1,957,253 to $1,671,870. Total decrease of $ 285,383.
* Wastewater lift station and sewer force main increase from $762,863.05 to $1,213,828. Total increase of $450,964.95
* The addition of a customary Construction Contingency for each portion of the project as follows:
Wastewater lift station: $44,935 and Cyril Drive Bypass: $89,248, respectively.
Any cost overruns and reimbursements must be approved by the County Administrator and/or associated department director.
FINANCIAL IMPACT
Funding for the Cyril Drive Bypass road construction, as outlined in attached agreement, will impact the Constitutional Gas Tax Fund. Fund: 1013 - Constitutional Gas Tax, Department: 03211 - Debt Srv/Reserve Const GT, Account: 5616306 - Improve-Roads & Bridges in amount up to $1,761,118 (inclusive of the contingency or 1,671,870 + 89,248 = 1,761,118).
Current funding, in a combined amount of $750,000, for the wastewater lift station, as outlined in the agreement, is budgeted in Hernando County Economic Development:
Fund: 0011 - General Fund, Department: 01771 - Business Development, Account: 5626302 - Improve-Water Line Upgrade
Fund: 0011 - General Fund, Department: 01771 - Business De...
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