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Memorandum of Understanding With Duke Energy Florida, LLC, d/b/a Duke Energy for Certain Improvements Within Easement Located at Lake Townsen Park and Associated Budget Resolution
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BRIEF OVERVIEW
Duke Energy Florida, LLC wishes to erect certain improvements on the proposed easement for the purpose of installing a new underground distribution line with above-ground junction boxes to connect with an existing substation located close to the subject property. As consideration for the easement, Duke Energy will pay the County $100,000.00 for restoration purposes associated with Duke Energy’s construction activities in the easement area and any parts of the subject property that are affected by Duke Energy.
FINANCIAL IMPACT
Upon approval of the attached budget resolution, funding in the amount of $100,000 will be available in Fund: 0011 - General Fund, Department: 04441 - PARKS & RECREATION, Account: 3669040 - DONATION-PARKS & REC.
Funding will be available for expenses in Fund: 0011 - General Fund, Department: 04441 - PARKS & RECREATION, Account: 5304601 - REPAIR/MAINT-BLDG & GRD.
LEGAL NOTE
The Board has the authority to approve the memorandum of understanding and easement pursuant to Ch. 125, Fla. Stat.
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RECOMMENDATION
It is recommended that the Board approve and authorize the Chairman’s signature on the attached memorandum of understanding with Duke Energy Florida, LLC easement, and the attached associated budget resolution.