Subject: Communication Sponsored by Alder McCarthy, on behalf of the Waterworks Commission, requesting approval of a Developer's Agreement for the Mount Pleasant TID#7 Development Project (V. Mount Pleasant, developer). Staff Recommendation: To Approve with a Referral to the Finance & Personnel Committee. Recommendation of the Waterworks Commission on 08/20/2024: To Defer this item until more specific information can be gathered to support whether the water usage proposed within this Developer's Agreement would fall under the stipulation of the 9,000 gallons/day/acre as laid out in the 2004 Retail Water Agreement. Recommendation of the Waterworks Commission on 09/17/2024: To Defer this item until a more clearer understanding of how the REC (Residential Equipment Charge) fees will impact the financing to cover the estimated over-sizing cost of the water main without it affecting the rate payers. Recommendation of the Finance and Personnel Committee on 09-23-2024: That the Waterworks Commission be granted permission to approve a Developer's Agreement for the Mount Pleasant TID#7 Development Project (V. Mount Pleasant, developer). Fiscal Note: The developer pays all costs associated with the installation of the local 12" water main estimated at 2.58M.

Committee

Finance and Personnel Committee

Introduced

March 8, 2024

On agenda

October 15, 2024

Passed

October 15, 2024