Title
Subject: Developers Agreement for General Capital Mt. Pleasant LLC for Water Main Construction (Res.10-2223)
Recommendation of the Racine Waterworks Commission of 9-28-10: To approve. Refer to the Finance and Personnel Committee for approval.
Recommendation of the Finance & Personnel Committee of 10-11-10: The Mayor and City Clerk be authorized and directed to enter into an agreement with GenCap, Mt. Pleasant, LLC to construct and install local water facilities as defined in the City Municipal Code and the retail water service agreement dated 5-24-04.
Fiscal note: Fee estimation not to exceed $7,500 and remainder shall be payable within 30 days of each invoice rendered by Racine Water Utility to GenCap.