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HomeMy WebLinkAboutSummary FormDate: 11 / 1 /2006 AGENDA ITEM SUMMARY FORM FILE ID: 0 U" O a c 6 6 HEELH NO V 14 20O6 Requesting Department: Public Facies Commission Meeting Date: 12/14/2006 District Impacted: 2 By Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: Resolution authorizing the City Manager to execute a tri-party agreement with Miami Dade Water and Sewer Department for the Flagstone Island Gardens Development. Purpose of Item: The administration recommends that the Miami City Commission adopt the attached Resolution authorizing the City Manager to execute a Tri-Party Agreement in substantially the attached forti with Miami -Dade County Water and Sewer Department ("COUNTY") and Flagstone Island Gat%ns, LLC, ("DEVELOPER") for the provision of water and sanitary sewer services, for the Flagstone Island Gardens development on Watson Island. Background Information: 00 See Supplemental Sheet Budget Impact Analysis NO Is this item related to revenue? NO Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: NO Is this item funded by Homeland Defense/Neighborbood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: CIP N/A If using or receiving capital funds Grants N/A Final Approvals (SIGN AND DATE) voe Budget N/ Risk Management Purchasing Chief Dept. Director City Manager 6' r- d/` cool SUPPLEMENTAL SHEET Paae 1 of 2 Subject: Resolution authorizing the City Manager to execute a tri-party agreement with Miami Dade Water and Sewer Department for the Flagstone Island Gardens Development. Background Information: The City of Miami ("City") and Flagstone Island Gardens, LLC ("Developer") entered into an Agreement to Enter into a Ground Lease (the "Agreement to Enter") on January 1, 2003 consistent with all material aspects of the Watson Island RFP and the Island Gardens Proposal and setting forth the conditions for the future execution of a long-term ground lease ("Lease") with the Developer. The Flagstone Island Garden's development will utilize water and sewer services provided by the Miami Dade Water and Sewer Department ("County"). Prior to permitting a connection, the County requires an agreement to be executed outlining the responsibilities of each party. The Developer agrees to contribute $1,282,399,38 to the cost of upgrading the water main to meet current County standards and to provide payment at the time of connection to the water and sewer systems. The County calculates the estimated capacity needed for the project and calculates a connection charge based on the agreed average total daily gallonage. All payments will be paid by the Developer and therefore this item has no budgetary impact. The plat that was approved by City Commission on October 12, 2006, Resolution No. 06-0608 entitled "Watson Island Southwest" cannot be recorded with the County until this agreement is executed. Page 2 of 2