TITLE
title
Amendment No. 4 to Water and Sewer Service Agreement With LGI Homes-Florida, LLC, for Trilby Crossing Residential Development
body
BRIEF OVERVIEW
On January 26, 2021, the Board approved Amendment No. 1 to the Trilby Crossing Water and Sewer Service Agreement between the Hernando County Water and Sewer District (HCUD) and LGI Homes-Florida, LLC (Developer). The amendment granted the Developer a 12-month extension to complete construction due to delays caused by the COVID-19 pandemic.
On July 13, 2021, the Board approved Amendment No. 2 to the Agreement which clarified cost sharing details and allowed the Developer to purchase the required Performance and Payment bond instead of the Contractor.
On January 11, 2022, the Board approved Amendment No. 3 to the Agreement which granted the Developer an additional three-month extension to complete the construction due to market conditions causing material delays and high contractor demand.
Amendment No. 4 grants the Developer an additional six months (no later than September 30, 2022) to complete construction due to the ongoing delays in manufacturing and transportation of materials caused by the nationwide increase in construction activity.
FINANCIAL IMPACT
No financial impact at this time.
LEGAL NOTE
The Board, on behalf of the Hernando County Water and Sewer District, has the authority to approve this item pursuant to Chapter 125, Florida Statutes.
recommendation
RECOMMENDATION
It is recommended that the Board, on behalf of the Hernando County Water and Sewer District, approve and authorize the Chairman’s signature on attached Amendment No. 4 to the Trilby Crossing Water and Sewer Service Agreement and authorize staff to record the amendment in the Public Records of Hernando County.