Public Hearing: YES ☐ NO ☒ Department: Watershed Management
SUBJECT:
Title
Commission District(s): 2 & 6
Agreement for the Construction and Financing of Sewer Upgrades with PPF AMLI 750 Commerce Drive, LLC with a Contribution of $168,500.
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 PPF AMLI 750 Commerce Drive, LLC.
NEED/IMPACT:
Annie Hirst seeks to build a community with 71 apartment units and 1 grocery store at 750 Commerce Drive, Decatur, Georgia 30030, (the “Project”) and the Project requires upgrading portions of the existing sanitary sewer infrastructure to accommodate the 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 of certain portions of the DeKalb County sanitary sewer infrastructure servicing the Southfork Peachtree modelshed. The County, through its Department of Watershed Management and/or its contractor, will determine those portions of the sanitary sewer infrastructure to be upgraded (the “Work”). The improvements will be completed by May 31, 2027. Completed improvements shall generate 23,916 gallons per day in sewer capacity credits as calculated per DeKalb County’s Capacity Assurance Banking Credit Program. PPF AMLI agrees that upon completion of the improvements and before PPF AMLI shall be allowed access to the County’s sanitary sewer system, PPF AMLI shall reimburse the County the total estimated cost of $168,500 for sewer improvements in the Southfork Peachtree modelshed. (“Company’s Contribution”).
FISCAL IMPACT:
The County's contribution is $52,500.
RECOMMENDATION:
Recommended Action
To approve the resolution and authorize the Chief Executive Officer to execute all necessary documents...