Title
Villas of Tallgrass Stormwater Improvement Agreement
History
Subsequent to the development of the Villas of Tallgrass subdivision, MWRD identified adjoining storm water deficiencies which require modifications to the area drainage flow in order to prevent future flooding. This drainage issue relates to accommodating flow from off-site through the Villas of Tallgrass property. Staff has worked with the consulting engineer for the Villas of Tallgrass to identify the most cost effective solution to convey this off-site stormwater flow safely through both the Villas property and adjoining subdivisions, ultimately routing the water to the designated stormwater pond for storage. The consultant and staff estimate the most cost effective solution to the required improvement at $160,000. The developer for Villas of Tallgrass, Marth Construction, and their Engineer, DesignTek Engineering, Inc., have agreed to participate in, and construction manage, the project as well as cap the Village’s contribution to 50% of the total improvement cost, not to exceed $80,000; of which an additional $65,000 will be reimbursed to the Village.
Financial Impact
The attached agreement calls for a 50% Village cost share with the remaining 50% coming from the partnership of Marth Construction and DesignTek Engineering, Inc. (25% each). Additionally the Village share would be capped at an amount not to exceed $80,000; of which $65,000 will be reimbursed to the Village. Therefore, the Village will contribute not more than $15,000 to this stormwater improvement.
Recommended Action/Motion
I move to approve the Tallgrass Stormwater Improvement Agreement with Marth Construction and DesignTek Engineering, Inc. pending final review and approval by the Village Attorney for an amount not to exceed $80,000; of which $65,000 will be reimbursed to the Village