Laserfiche WebLink
' . <br /> �� , ..',. � <br /> development projects that protect their mutual investment and add lasting value to the entire <br /> subdivision. <br /> ■ Capital Improvements. The proposed capital improvements to accommodate the waterpark <br /> and new subdivision include approximately 2200' of new roads between US 36 and West <br /> Main, intersection work within the US 36 right of way, extension and/or relocation of water <br /> and sanitary sewer mains, landscaped areas within City right of way, and ornamental street <br /> lighting (similar to the Oakwood area). REID will design and construct the capital <br /> improvements listed above, and will be reimbursed by the City of Decatur to a not to exceed <br /> amount of$1.75 million. City staff will have review and approval authority over design and <br /> construction standards, and upon completion, all capital improvements will be dedicated as <br /> public. The proposed agreement also includes a five year maintenance provision during <br /> which REID will be reimbursed, at an annual level not to exceed $30,000, for maintenance of <br /> landscaped public areas. REID will also donate to the City all necessary right of <br /> way/easements to accommodate capital improvements. <br /> POTENTIAL OBJECTION: <br /> City staff is not aware of any organized objection. <br /> INPUT FROM OTHER SOURCES: <br /> STAFF REFERENCE: <br /> If Council members have questions they may contact A.J. Krieger, 424-2727; I <br /> ajkrieger(a�decaturnet.org . <br /> BUDGET/TIME IMPLICATIONS: <br /> Pending approval of the agreement, REID will prepare engineered drawings of the necessary <br /> capital improvements for review and approval by City and IDOT staff, and immediately begin <br /> construction of the indoor waterpark facility. Construction of the indoor waterpark facility is <br /> expected to be completed in late 2001, or early 2002. Construction of the outdoor portion should <br /> begin Spring 2002. Pending review and approval by IDOT and City staff, construction of capital <br /> improvements is expected to take between 12-24 months. The City's reimbursement will be <br /> triggered by final acceptance and dedication of all improvements as public. <br />