Commission Meeting Agenda Item

Sun Communities Finance LP, Inc. is the property owner of Water Oak Country Club Estates, a gated, active retirement lifestyle mobile home park with an existing parent parcel covering approximately 350 acres, and a recent expansion adding 30 acres and proposing an additional 300 home sites. The main entrance and general location is at the intersection of County Road 25 and North Highway 27/441, also referenced as Water Oak Boulevard. The development exhibits multiple active retirement lifestyle amenities including club houses, a restaurant, and golf courses.

In order to supply the additional development with sewer services as its next expansion approaches, the owner/developer is seeking to reserve 85,500 gallons per day, or 342 Equivalent Residential Units (ERUs), at this time. The 342 ERUs reflect a calculation of .211 per lot based on historic sewer consumption records submitted by the owner/developer engineer of record. At present, Water Oak Country Club Estates has a private wastewater plant that they would like to decommission and subsequently utilize the Town of Lady Lake to treat the wastewater generated by the development.

The developer has agreed to utilize the Town's sewer distribution to benefit the development and to the use of the sewer facilities on the terms and conditions hereinafter set forth in the attached agreement, as provided by Utility (the Town).

The lump sum for the total ERUs allocation is $1,084,824.00. The developer is requesting that upon approval, the developer shall pay $881,816.00 for the 278 ERUs within 30 days of the executed agreement, and that the remaining $203,008.00 of the impact fees for the additional 64 ERUs are to be paid on or before six months from the date of the execution of this agreement. Should the developer fail to pay the corresponding impact fee allocations as provided herein, the Town, in its sole discretion, may rescind and void this agreement in its entirety.

This agreement was reviewed by Town Attorney Derek Schroth and Town staff and was determined to be correct in form for consideration and approval by the Town Commission.