AGENDA ITEM REPORT
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A RESOLUTION ACCEPTING A UTILITY EASEMENT FROM MCA PROMENADE OWNER, LLC, A DELAWARE LIMITED LIABILITY COMPANY, TO THE CITY FOR A PORTION OF LAND LYING WITHIN A PORTION OF PARCEL “A,” GREEN FARM REPLAT.
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BACKGROUND:
As part of the development of Cooper’s Hawk Winery and Restaurant of Coconut Creek, water and wastewater infrastructure was installed. The water and wastewater infrastructure was constructed per City standards and specifications and is now being dedicated to the City. The Utility Easement is described in Exhibit “1” from the Developer to the City. The Bill of Sale from the Developer to the City is attached as Exhibit “2.”
DISCUSSION:
The City is committed to ensuring continuity and expansion of utility services, as well as efficient and effective customer service. The Developer, at their cost, has designed and constructed water and wastewater infrastructure to serve their development and to be an integral part of the City’s system. These facilities were designed and constructed per City standards and are now being dedicated to the City through this Utility Easement and Bill of Sale, transferring all rights, title and interest located within said Utility Easement to the City. The City will be responsible for all future maintenance and upkeep of these facilities upon refund of the maintenance bond amount from the City to the Developer.
RECOMMENDATION:
Staff recommends approval of this Resolution.
FISCAL IMPACT: Fair Market Value: $89,315