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File #: 20-1227    Version: 1 Name:
Type: Public Hearing / First Reading Status: Passed
File created: 9/28/2020 In control: City Council
On agenda: 10/27/2020 Final action: 11/10/2020
Title: Ordinance authorizing a Wastewater Lift Station Construction and Reimbursement Agreement with Peterson Properties, Ltd to construct wastewater lift station for a planned commercial development located on Westpoint Road and Highway 358 with a completion date within 24 months; transferring $520,000 from the Water Arterial Transmission and Grid Main Trust Fund, and $40,000 from the Water Distribution Main Trust Fund to the Wastewater Trunk System Trust Fund; and appropriate $712,412.82 from the Wastewater Trunk System Trust Fund to reimburse the Developer per the agreement. (District 3) (Requires 2/3 vote)
Sponsors: Development Services
Attachments: 1. Agenda Memo - Peterson Properties Reimbursement A, 2. Ordinance -Peterson Properties Reimbursement Agreement, 3. Location Map - Peterson Properties West Point Crossing, 4. Presentation - Peterson Properties Reimb Agmt

Title

Ordinance authorizing a Wastewater Lift Station Construction and Reimbursement Agreement with Peterson Properties, Ltd to construct wastewater lift station for a planned commercial development located on Westpoint Road and Highway 358 with a completion date within 24 months;  transferring  $520,000 from the Water Arterial Transmission and Grid Main Trust Fund, and $40,000 from the Water Distribution Main Trust Fund  to the Wastewater Trunk System Trust Fund; and appropriate $712,412.82 from the Wastewater Trunk System Trust Fund to reimburse the Developer per the agreement. (District 3) (Requires 2/3 vote)