File #: 21-0433    Version: 1 Name:
Type: Public Hearing / First Reading Status: Passed
File created: 3/30/2021 In control: City Council
On agenda: 5/11/2021 Final action: 5/18/2021
Title: Ordinance authorizing a Wastewater Lift Station, Gravity and Force Main Line Construction and Reimbursement Agreement for up to $2,041,201.17 with Mostaghasi Investment Trust to construct a new Wastewater Lift Station, Gravity and Force Main for a proposed residential and commercial development located west of the U.S. Highway 77 (I-69) and County Road 52 Intersection with a completion date of within 24 months; transferring $372,704.89 from the Water Arterial Transmission and Grid Main Trust Fund, $83,339.25 from the Water Distribution Main Trust Fund, and $101,793.65 from the Wastewater Collection Line Trust Fund to the Wastewater Trunk System Trust Fund; appropriating $1,772,500.78 from the Wastewater Trunk System Trust Fund; transferring of future revenue of $268,700.39 collectively from Water and Wastewater lot and acreage fees and pro rate fees to the Wastewater Trunk System Trust Fund; authorizing appropriation of $268,700.39 from the Wastewater Trunk System Trust Fund to reimbur...
Sponsors: Development Services
Attachments: 1. Agenda Memo - Reimbursment Agreement River Ridge Unit 4, 2. Ordinance (v2) River Ridge Unit 4 Reimbursement Agreement 4.23.21, 3. Location Map - River Ridge 4.pdf, 4. Presentation - River Ridge Unit 4 WW Lift Station Reimb Agmt

Title

Ordinance authorizing a Wastewater Lift Station, Gravity and Force Main Line Construction and Reimbursement Agreement for up to $2,041,201.17 with Mostaghasi Investment Trust to construct a new Wastewater Lift Station, Gravity and Force Main for a proposed residential and commercial development located west of the U.S. Highway 77 (I-69) and County Road 52 Intersection with a completion date of within 24 months; transferring $372,704.89 from the Water Arterial Transmission and Grid Main Trust Fund, $83,339.25 from the Water Distribution Main Trust Fund, and $101,793.65 from the Wastewater Collection Line Trust Fund to the Wastewater Trunk System Trust Fund; appropriating $1,772,500.78 from the Wastewater Trunk System Trust Fund; transferring of future revenue of $268,700.39 collectively from Water and Wastewater lot and acreage fees and pro rate fees to the Wastewater Trunk System Trust Fund; authorizing appropriation of $268,700.39 from the Wastewater Trunk System Trust Fund to reimburse the Developer per the agreement. (District 1)