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Subject: Communication sponsored by Alder Taft, on behalf of the Waterworks Commission submitting Developers Agreement for the Leo Living Multi-Residential Development (LEO@Mount Pleasant LLC, Developer).
Recommendation of the Finance and Personnel Committee on 04-10-2023: That the Waterworks Commission be allowed Consideration and Approval of the Developers Agreement for the Leo Living Multi-Residential Development.
Fiscal Note: All costs associated with design and construction of the water main and service will be paid by the Developer. Per the Agreement, the water main will be dedicated to the Utility for future maintenance as Contributions in Aid of Construction (CIAC). In addition, as the property abuts CTH C, which is designated as a regional water main artery, the Developer will pay for a 12-inch diameter local distribution main segment of that water main. Per the Retail Water Agreement, the Utility will pay over-sizing costs estimated at $30,000.00 for the regional main. Per ...
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