Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to Execute a Wastewater Impact Fee Credit Agreement with TMPG Highland Lakes, LLC, for the Construction of an Oversized Sanitary Sewer Line (extending 3,468 Linear Feet), Serving an Approximately 343 Acre Development (Highland Lakes), Generally Located on the North Side of Bloomdale Road and West Side of Ridge Road
Summary
COUNCIL GOAL: Direction for Strategic and Economic Growth
(1A: Establish regional infrastructure incentives to increase economic growth)
MEETING DATE: March 21, 2023
DEPARTMENT: Development Services
CONTACT: Gary Graham, P.E., Director of Engineering
Brandon Opiela, Development Services Manager
RECOMMENDED CITY COUNCIL ACTION:
* Approval of the Resolution
ITEM SUMMARY:
* This item authorizes the City Manager to enter into a wastewater impact fee credit agreement with TMPG Highland Lakes, LLC, for the construction of a master-planned sanitary sewer line serving the Highland Lakes subdivision, generally located on the north side of Bloomdale Road and west side of Ridge Road.
* In conjunction with the platting and development of the Highland Lakes Phase 1 (approximately 140 acres) and Phase 2 (approximately 48 acres) the applicant is required to construct an oversized 27" diameter sanitary sewer line (extending approximately 3,468 linear feet) through the subject property (which is utility impact fee eligible and shown on the attached sewer line construction exhibit).
* The total number of wastewater impact fee credits to attach to the property under the proposed agreement will be for 447.26 service units (approximate value of $734,855), which will cover all of the residential lots within Phases 1 and 2 of the Highland Lake subdivision. Per the proposed agreement, any balance of wastewater impact fee credits remaining can be used within the future Phase 3 of the Highland Lakes subdivision.
* Wastewater Impact Fee Credit Agreements following the standard te...
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