SUBJECT:
Resolution of the Title
A Resolution of the Town Council of the Town of Erie Approving the Amendment and Partial Termination of Improvements Acquisition, Water System and Operations Agreement; of Agreement to Proceed; and of Common Interest and Confidentiality Agreement
Department
DEPARTMENT: Utilities
Presenter
PRESENTER(S): Todd Fessenden, Utilities Director
Pete Johnson, Town Water Attorney
end
Time
TIME ESTIMATE: 0 minutes
end
For time estimate: please put 0 for Consent items.
Fiscal
FISCAL SUMMARY:
Cost as Recommended: $(322,000)
Balance Available: N/A
Fund Water Fund
Line Item Number: 500-75-110-605000-100438
New Appropriation Required: No
Policy
POLICY ISSUES:
The Town strives to provide a robust and reliable water infrastructure. While the infrastructure to be conveyed to the Town as part of this project was not up to our standards and therefore will not be conveyed, the other aspects of the project remain in the Town's interest. Approving this item allows for the negotiated changes to the project to take affect and reimbursement of a half of the costs expended back to the Town.
Recommendation
STAFF RECOMMENDATION:
Approve the Resolution
Body
SUMMARY/KEY POINTS
Approving this item allows for the negotiated changes to the project to take affect and reimbursement of a half of the costs expended back to the Town.
BACKGROUND OF SUBJECT MATTER:
The Town of Erie has been evaluating the Filly Lake Well Project since approximately 2020, when the Town first entered into an agreement to acquire the Filly Lake Well, a dewatering well intended to be converted into a municipal water supply well. The agreement also provided that the Town would receive a Court-approved augmentation plan and certain changed water rights that would be used to replace depletions from the Filly Lake Well, in exchange for water credits that the Town would provide for water taps within Town developments. Among other components...
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