05-22-2023 - Laserfiche WebLink

Home Browse Search

Regular Council Meeting May 22, 2023 Page 5 possibility of partnering with Lionshead with regard to construction and installation of water infrastructure. Mr. Path explained that Lionshead was required by the fire code to build a fire suppression loop around their building with hydrants and they proposed that the City would construct a bigger public loop with Lionshead connecting laterals inward to provide the required hydrants. He also said this arrangement would benefit the City by extending public infrastructure westward in the Industrial Park, setting the City up for potential expansion should another prospect arise to the West and/or South at reduced cost to the taxpayers, because the company would be contributing financially to the project. Mr. Path said the proposed agreement included Lionshead paying the City the net $250,000 upfront prior to work beginning on the water lines. He also said the City could begin construction upon signing of the agreement and that Lionshead would make an installment payment of 25% of their total financial obligation on or before July 1St and the remainder on or before October 1St. He also said Lionshead had started work on the site and public improvements would benefit the rest of the NW Industrial Park. Mr. Path expressed his thoughts about adding language designed to protect the City and taxpayers should for some reason Lionshead did not make the initial installment in a timely manner. He added that the City would not activate the water infrastructure to their facility and if they missed the second installment, the City would deactivate the line. Mr. Path explained the primary risk to the City in building the water line prior to receiving their full payment was that the City did not collect payment and could not replenish the City's water line stock for the work occurring at the Gene Stallings Industrial Park. Mayor Pro -Tem Pankaj said he believed they would pay on time but that he was in favor of adding language to protect the City, such as requirement of paying before the water is turned on and before a Certificate of Occupancy is issued. He said he was in favor of option 2A. Council Member Pilgrim agreed with Mayor Pro -Tem Pankaj. Subject to language being added in the agreement to protect the City should payment not be made on time, a Motion to approve the agreement was made by Mayor Pro -Tem Pankaj and seconded by Council Member Pilgrim. Motion carried, 7 ayes — 0 nays. 17. Consider and approve future events for City Council and/or City Staff pursuant to Resolution No. 2004-081. Council Member Pilgrim said he would like to be included in the facilities tour that the new council members will be taking, as did Council Member Savage. Mr. Path said he would ask Denene to schedule tours for all of the Council Members.