Laserfiche WebLink
The proposed purchase agreement would allow the City to investigate the sites in detail. A Phase I <br /> Environmental Site Assessment would be completed on both sites. A comprehensive profile of <br /> water quality would be obtained from the Harristown site. The depth of the ponds at the <br /> Harristown site would also be investigated. As with any real property acquisition, significant <br /> findings would affect the closing dates. <br /> SCHEDULE: <br /> The closing date is December 1, 2024. The draft Capital Improvement Budget will lay out plans <br /> for developing this water source over the next few years. <br /> BUDGET/TIME IMPLICATIONS: <br /> Budget Impact: The Water Capital Fund has sufficient cash reserves to provide for this property <br /> acquisition. The costs to acquire and develop Lake Charlie Rhodes, estimated at $11.8 million in <br /> the CIP budget, can be avoided. Approximately$100,000/year in treatment costs can be avoided <br /> due to a cleaner water supply. <br /> Staff Impact: Staff has allocated time to manage this project. <br /> POTENTIAL OBJECTION: No objection is anticipated. <br /> INPUT FROM OTHER SOURCES: None <br /> STAFF REFERENCE: Jon Kindseth, Deputy City Manager, Matt Newell, Public Works <br /> Director, and Robert Well, Water Production Manager. Matt Newell will be in attendance at the <br /> City Council meeting to answer any questions of the Council on this item. <br /> LEGAL REVIEW: The property sales agreement has been prepared and reviewed by Counsel. <br /> This memorandum was written by Robert Weil, P.E., Water Production Manager. <br /> — 3 — <br />