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Acceptance of Utility Oversizing Agreement Between Hernando County Water and Sewer District and Somerset Land, LLC, for Somerset Bay Sanitary Sewer Force Main
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BRIEF OVERVIEW
On August 22, 2023, Doc ID 12601, the Board approved a sanitary sewer force main oversizing agreement between Hernando County Utilities Department (HCUD) and Somerset Land, LLC. In the agreement (#10) it states if physical installation of the project does not commence within one (1) year from full execution of the agreement, it shall become null and void.
Due to unforeseen circumstances during the redesign portion of the project, the project was not able to be started within a year of the agreement execution. Therefore, a new agreement has been prepared which will give an additional year from date of execution for the project to begin construction.
FINANCIAL IMPACT
A payment reimbursement amount, not to exceed $341,445.56 upon completion, will be receipted into:
Revenues:
Fund: 4111 - Hernando County Utilities, Account: 3897010 - Contributed Assets.
LEGAL NOTE
The Board has the authority to act on this matter pursuant to Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended the Board approve and authorize the Chairperson’s signature on the attached Utility Oversizing Agreement for the Somerset Bay Sanitary Sewer Force Main.