Agenda Item Title:
Authorize Mayor and Finance Officer to Sign Resolution No. 2018-042, a Construction Fee Resolution for Airport Water Transmission Main Loop – Frontage Construction Fee – Project No. 11-1992, 12-2011, 12-2012, 12-2013, 12-2014 to recapture the base cost (8” equivalent) of the 16” water main constructed to the airport. The maximum collectable amount in this resolution is $2,972,735.90.
Origination Group:
Public Works Committee
Origination Meeting Date:
05/29/2018
City Council Hearing Date:
06/04/2018
Staff Contact:
Michelle Lashley
Location:
Between Reservoir Rd and Airport, North of Highway 44
Agenda Item Summary:
This resolution is to establish a construction fee for the properties adjacent to the 16” water main constructed as a part of the Airport Water Transmission Main Loop projects. Recaptured fees will accrue to the water utility enterprise fund.
Funding Source & Fiscal Impact (if applicable):
| Funding | Cost Center |
|---|---|
Recommendations:
Origination Recommendation Action:
Approve