HomeMy WebLinkAboutMINUTES - 12151987 - 1.18 " TO : BOARD OF SUPERVISORS
FROM: J . MICHAEL WALFORD, PUBLIC WORKS DIRECTOR
DATE : December 8 , 1987
SUBJECT: Reimbursement Agreement with Pulte Homes Corporation ,
Oakley Area . Project # 7555-6D8709
Specific Request ( s ) or Recommendation ( s ) & Background &
Justification
I . RECOMMENDATION
Approve reimbursement agreement with Pulte Homes Corporation in
the amount of $67 ,430 . 93 for the construction of storm drains in
Drainage Area 29C .
II . FINANCIAL IMPACT
Future drainage fees are committed to paying off the -amount of
the agreement .
III . REASONS FOR RECOMMENDATION/BACKGROUND
The reimbursement agreement is provided for in the Credit and
Reimbursement: Policy that has been adopted for Drainage Area 29C .
The reimbursement portion becomes operative when the cost of the
storm drains installed in a development exceeds the drainage fees
due on the development . The cost of the storm drains installed
by Pulte Homes exceeded the drainage fees due by $112 , 384 .88 .
The adopted Credit and Reimbursement Policy provides for a 60
percent reimbursement of the excess cost.
CONSEQUENCES OF NEGATIVE ACTION:
By not signing the. agreement , the Board may void the Credit and
Reimbursement: Policy they have adopted for Drainage Area 29C .
Continued on attachment: yes Signature:
Recommendation of County Administrator
Recommendation of Board Committee
Approve Other:
Signature( s) :
Action of Board on : QAC 15 1987
Approved as Recommended C Other —
Vote of Supervisors I HEREBY CERTIFY THAT THIS IS
A TRUE AND CORRECT COPY OF AN
Unanimous (Absent ) ACTION TAKEN AND ENTERED ON
Ayes : Noes : THE MINUTES OF THE BOARD OF
Absent: Abstain: SUPERVISORS ON DATE SHOWN.
Attested DEC 15 1487
Orig . Div . : Public Works ( FC ) PHIL AT LOR,
cc : CLERK OF THE BOARD
OF SUPERVISORS AND
COUNTY ADMINISTRATOR
RSC : sj
BO : Pulte . tll �� dd
BY lo7Q�.Is�l�wi ,
DEPUTY CLERK