Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to Execute a Developer Participation Agreement with SLC McKinney Partners, L.P., for the Construction of an Oversized Wastewater Main and Related Infrastructure Improvements, Being Extended to the Tucker Hill, Phase 4 Subdivision, Generally Located East of Tremont Boulevard and North of Darrow Drive
Summary
COUNCIL GOAL: Direction for Strategic and Economic Growth
MEETING DATE: November 7, 2017
DEPARTMENT: Development Services
CONTACT: Gary Graham, P.E., Director of Engineering
Michael Hebert, P.E., Assistant City Engineer
Brandon Opiela, Development Manager
RECOMMENDED CITY COUNCIL ACTION:
• Approval of the Resolution
ITEM SUMMARY:
• This item authorizes the City Manager to enter into an agreement with SLC McKinney Partners, L.P., regarding the reimbursement of construction costs incurred by the oversizing of a master planned wastewater main.
• The contract price of the items associated with the oversized main and related appurtenances is $235,421.89.
• The proposed agreement stipulates that the City agrees to participate in the cost of construction for the oversized portion of the wastewater main (24” diameter), up to $147,268.57, which is the estimated difference between the costs of the oversized main and the cost to construct the City’s minimum standard 12” diameter main that would otherwise be sufficient to serve the Tucker Hill, Phase 4 Subdivision.
• If the actual cost of the oversized main exceeds the estimated cost difference, the agreement states the City will agree in writing, subject to the availability of funds, to an increased level of participation in an amount up to the actual cost of the oversized main.
• In no circumstances shall the City’s participation in costs exceed the difference between the cost to construct the standard 12” diameter line and the cost to construct the 24” diameter oversized main.
• The location of the proposed 24” diameter wastewater main is shown on the attached exhibit and will extend a total of 1,762 linear feet.
BACKGROUND INFORMATION:
• The Tucker Hill, Phase 4 subdivision is currently being developed.
FINANCIAL SUMMARY:
• The proposed agreement stipulates that the City agrees to participate in the cost of construction for the oversized wastewater main, up to $147,268.57. If the actual cost of the oversized main exceeds the estimated cost difference, the agreement states the City will agree in writing, subject to the availability of funds, to an increased level of participation in an amount up to the actual cost of the oversized main.
• Funds are available in WW4354 (Undesignated Oversize Participation) project to fulfill the obligations of this agreement.
• With the approval of this item, $752,731.43 will remain in WW4354.
BOARD OR COMMISSION RECOMMENDATION:
• N/A