Title
Resolution Authorizing the City Manager to Execute a Reimbursement Agreement with CIP Construction Company in an Amount Not to Exceed $188,280.87 to Upgrade an Existing Undersized Storm Sewer and Water Line Along Lindsay Street and Eugene Street.
Body
Department: Water Resources
Council District: 3
Public Hearing: N/A
Advertising Date/By: N/A
Contact 1 and Phone: Steven D. Drew, 373-7893
Contact 2 and Phone: Thomas Carruthers, 373-7406
PURPOSE:
To reimburse CIP Construction Company ("CIP") in an amount not to exceed $188,280.87 for the upgrade of an existing undersized storm sewer and water line along Lindsay and Eugene Street.
BACKGROUND:
N.C.G.S. 160A-320 allows cities to reimburse property owners, developers, or their contractors for the costs associated with the design and construction of public enterprise improvements that are in addition to the improvements required by a city's land development regulations and are adjacent or ancillary to the private land development project. In order to enter into a reimbursement agreement pursuant to N.C.G.S. 160A-320, the City Council must make one of the following findings:
i. The cost to design and construct the public enterprise improvements will not exceed the estimated cost of providing for those improvements through either eligible force account qualified labor or through the City's normal bidding processes; or
ii. The coordination of separately constructed improvements would be impracticable.
CIP is a developer that has received City approval to construct Bellemeade Village, a $50 million mixed-use development that includes six-story buildings with brick, stucco and cast concrete facades along Bellemeade and North Eugene Streets in the downtown business district. This development will include approximately 300 apartments and possibly 20,000 square feet of retail space. The City has requested CIP to upgrade the existing 30" RCP public storm sewer system that runs ...
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