RESOLUTION - SEWER LIFT STATION TO CITY OF SFD. - #2014-31

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0?�6lcf— c-�i RESOLUTION JOINT AGREEMENT BETWEEN THE CITY OF SANFORD AND LEE COUNTY PRODUCT DEVELOPMENT INITIATIVE — LEE COUNTY INDUSTRIAL PARK October 6 & 7, 2014 WHEREAS, the Lee County Board of Commissioners began the development of a new section of the Lee County Industrial Park in 2001; and WHEREAS, in 2003 the County completed construction of the Colon Road Sewer Lift Station which was designed to serve 2200 acres of potential Industrial Property and contracted with the City of Sanford to maintain and service the lift station; and WHEREAS, the City of Sanford purchased the Lee County water system on December 21, 2004 and became the primary source for water and sewer services in the City of Sanford and Lee County; and WHEREAS, by divesting itself of the Colon Road Lift Station, the County will complete the transfer of all water and sewer assets to the City of Sanford; and WHEREAS, in August of this year, the City and County, along with the newly created Sanford Lee County Partnership for Prosperity (SLCPP), agreed to co -locate the departments and agencies associated with Community and Economic Development to the Buggy Factory beginning in the summer/fall of 2015; and WHEREAS, both the City of Sanford and Lee County wish to develop product that the new SLCPP can use to recruit new industry investment and jobs to our community as part of their continued cooperative effort to bring growth to the community. NOW, THERFORE, BE IT RESOLVED, BY THE SANFORD CITY COUNCIL AND LEE COUNTY BOARD OF COUNTY COMMISSIONERS, that it is the intent of the County Commissioners to transfer ownership of the Colon Road Sewer Lift Station to the City of Sanford for their use in the continued development of the Lee County Industrial Park. As part of this transfer, the County agrees to use funds the City intends to pay to the County (not to exceed $800,000 from the City) in consideration for the transfer to develop Broadband Infrastructure in the Industrial Park by extending the current NCMC line from Central Carolina Community College to CCCC facilities in the Industrial Park. Planning and development of this project will begin when both bodies agree to this transfer of assets by approving this agreement. BE IT FURTHER RESOLVED by both Boards that in additional consideration of the transfer of the Lift Station, City Council will commit to extend water and sewer lines to the Lee County Industrial Park so that sites within the Park will become more marketable as industrial sites. Planning and development of water and sewer line extensions to the Park will begin when this agreement is signed by both parties. BE IT FURTHER RESOLIVED that by passing this Resolution, both Boards instruct their staff attorneys to develop the necessary documents to complete the transfer of the Colon Road Sewer Lift Station from the County to the City, and further instruct the City and County Managers to begin the projects committed to in this Resolution.