Public Hearing: YES ☐ NO ☒ Department: Watershed Management
SUBJECT:
Title
Commission District(s): 4 & 7
Agreement for the Construction and Financing of Sewer Upgrades with True Worth Developments LLC. with a contribution of $172,000.00.
Body
Information Contact: Reginald D. Wells, Director
Phone Number: 770-414-6240
PURPOSE:
To consider approving an agreement for the Construction and Financing of Sewer Upgrades in the Southfork Peachtree model shed with True Worth Developments LLC.
NEED/IMPACT:
True Worth Developments LLC. seeks to build a community with 45 housing units at 2154 Brockett Road, Tucker, GA, 30084, (the “Project”) and the Project requires upgrading and expanding portions of the existing sanitary sewer infrastructure and lines to accommodate additional discharge of wastewater into the Sewer System. The purpose of this Agreement is for the parties to enter a binding contract evidencing their agreement as to the installation and financing of the improvements for this development. The improvements will consist of upgrades and expansion of certain portions of the DeKalb County sanitary sewer infrastructure and lines servicing the Southfork Peachtree model shed. The improvements will allow for building a community with 45 housing units scope at 2154 Brockett Road, Tucker, GA, 30084. The County, through its Department of Watershed Management and/or its contractor, will determine those portions of the sanitary sewer infrastructure and lines to be upgraded and expanded (the “Work”). The improvements will be completed by August 1, 2026. Completed improvements shall generate 24,420 gallons per day in sewer capacity credits as calculated per DeKalb County’s Capacity Assurance Banking Credit Program. Company agrees that upon completion of the improvements and before Company shall be allowed access to the County’s sanitary sewer system, Company shall reimburse the County $172,000.00 of the total estimated cost of $225,500.00 for sewer improvements in the Southfork Peachtree model shed. (“Company’s Contribution”).
FISCAL IMPACT:
The County's contribution is not anticipated to exceed $53,500.00.`
RECOMMENDATION:
Recommended Action
Adopt the ordinance and authorize the Chief Executive Officer to execute all necessary documents...