Public Hearing: YES ☐ NO ☒ Department: Watershed Management
SUBJECT:
Title
Commission District(s): 2 & 6
Agreement for the Construction and Financing of Sewer Upgrades with NEX Development Partners, LLC. with a contribution of $832,000.00.
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 North Fork Peachtree Creek modelshed with NEX Development Partners, LLC.
NEED/IMPACT:
NEX Development Partners, LLC. seeks to build a multi-family community with 290 housing units at 3355 Northeast Expressway, Chamblee, GA 30341 (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 North Fork Peachtree Creek 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 15, 2027. Completed improvements shall generate 118,297 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 $832,000.00 of the total estimated cost of $1,092,000.00 for sewer improvements in the North Fork Peachtree Creek modelshed. (“Company’s Contribution”).
FISCAL IMPACT:
The County's contribution is not anticipated to exceed $260,000.00.
RECOMMENDATION:
Recommended Action
To authorize the CEO or designee to execute the Agreement and all necessary documents in a form acceptable to the County Attorney.