June 19, 2007
Status:
Approve the Funding and Construction Agreement between Lincoln Park Development Group, L.L.C., Hollywood Gates L.L.L.P., and The School Board of Broward County, Florida, at Elementary School "C", Hollywood, Florida.
Lincoln Park Development Group L.L.C. and Hollywood Gates L.L.L.P. desire to construct townhomes on Lincoln and Pierce Streets. These proposed townhomes are not serviced by a sanitary sewer lift station and redevelopment requires the use of a lift station. As a condition precedent to approving the development, the City of Hollywood requires the Lincoln Park Development Group, Hollywood Gates and the School Board enter into an agreement to provide a sanitary sewer line and lift station for use by the two developments and allow the School Board to "hook into" the existing lift station, and not construct a new one. The Lift Station will be constructed on the City owned (proposed School Board leased) Lincoln Park grounds. The total cost of constructing the Lift Station is $188,700. The School Board's proportional share is $83,972.
Lincoln Park Development Group will be responsible for constructing the Lift Station and Sanitary Sewer Lines to 24th Avenue. All parties will share the construction costs, based on the proration on the projected sewage flow rates. Under the terms of the agreement, The School Board will reimburse Lincoln Park Development Group, L.L.C. upon construction of the school and "hook up" to the Lift Station.
The School Board Attorney has approved this agreement as to form.
The total cost of constructing the Lift Station is $188,700. The School Board's proportional share is $83,972. The source of funds are included in the Adopted District Educational Facilities Plan, Fiscal Years 2006-07 to 2010-11, page 28.
Requested Action
Approve the Funding and Construction Agreement between Lincoln Park Development Group, L.L.C., Hollywood Gates L.L.L.P., and The School Board of Broward County, Florida, at Elementary School "C", Hollywood, Florida.
Summary
Lincoln Park Development Group L.L.C. and Hollywood Gates L.L.L.P. desire to construct townhomes on Lincoln and Pierce Streets. These proposed townhomes are not serviced by a sanitary sewer lift station and redevelopment requires the use of a lift station. As a condition precedent to approving the development, the City of Hollywood requires the Lincoln Park Development Group, Hollywood Gates and the School Board enter into an agreement to provide a sanitary sewer line and lift station for use by the two developments and allow the School Board to "hook into" the existing lift station, and not construct a new one. The Lift Station will be constructed on the City owned (proposed School Board leased) Lincoln Park grounds. The total cost of constructing the Lift Station is $188,700. The School Board's proportional share is $83,972.
Lincoln Park Development Group will be responsible for constructing the Lift Station and Sanitary Sewer Lines to 24th Avenue. All parties will share the construction costs, based on the proration on the projected sewage flow rates. Under the terms of the agreement, The School Board will reimburse Lincoln Park Development Group, L.L.C. upon construction of the school and "hook up" to the Lift Station.
The School Board Attorney has approved this agreement as to form.
School Board Goals
| Goal 4 - All stakeholders will work together to build a better school system. |
Financial Impact
The total cost of constructing the Lift Station is $188,700. The School Board's proportional share is $83,972. The source of funds are included in the Adopted District Educational Facilities Plan, Fiscal Years 2006-07 to 2010-11, page 28.
Source of Additional Information
Robert Sharps 754 321-1597 Jonathan M. Peservich 754 321-8355
Associated File Attachments
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Agreement (Files) | |
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CollaborationForm (Files) | |
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ExecutedCompleteCopy (Files) |