Public Hearing: YES ? NO ? Department: Watershed Management
SUBJECT:
Title
Commission District(s): District 3, Super District 6
Agreement for the Construction and Financing of Sewer Upgrades with Company with a contribution of $70,000.00.
Body
Information Contact: David Hayes
Phone Number: 770-414-6240
PURPOSE:
To consider approving an agreement for the Construction and Financing of Sewer Upgrades in the Snapfinger model shed with BRAD Springview Apartments, LLC.
NEED/IMPACT:
BRAD Springview Apartments, LLC seeks to a 70-unit Low-Income Housing Tax Credit development with 1,240 sq. ft. of commercial space at 3260 Panthersville Road, Decatur, GA 30034, (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. This development will enhance its surrounding community as per section 3 of the County policy for allocating wastewater capacity credits, hence allowing the company to participate in the completion of capacity credit generation. The improvements will consist of upgrades and expansion of certain portions of the DeKalb County sanitary sewer infrastructure and lines servicing the Snapfinger model shed. The improvements will allow for a 70-unit Low-Income Housing Tax Credit development with 1,240 sq. ft. of commercial space. 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 November 1, 2025. Completed improvements shall generate 31,920 gallons per day in sewer capacity credits as ...
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