SUBJECT
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Approve the Fifth Amendment to the Cypress Lake Alternative Water Supply Agreement between the Water Cooperative of Central Florida and Reedy Creek Improvement District relating to the Cypress Lake Wellfield. ($2,080,000 not-to-exceed, onetime expense)
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DESCRIPTION
On March 8, 2011, the Board of County Commissioners approved the Interlocal Agreement Relating to the Establishment of the Water Cooperative of Central Florida (the Cooperative) By and Among the City of St. Cloud, Florida, Tohopekaliga Water Authority (TOHO), Orange County, Florida, and Polk County, Florida, for innovative regional cooperation among local governments, and created the charter for a separate legal entity to serve these regional purposes. Along with the approval of the Cooperative Agreement in March 2011, the Board approved the initial Candidate Project List and authorized the Cooperative to assess and evaluate the Cypress Lake Wellfield project for potential implementation as an Approved Project. Subsequently, Amendments 1 through 4 to the Interlocal Agreement defined each party's financial and administrative roles/obligations related to design, permitting and construction of the alternative water supply project known as the Cypress Lake Wellfield (Project).
The Fifth Amendment to Cypress Lake Alternative Water Supply Agreement (Agreement) for the Project will: A) change all references in the Agreement from "TWA" to "TOHO" so as to be more consistent with the current terminology used to identify that Party and change all references in the Agreement from "Class V, Group 4 concentrate disposal wells" to "concentrate disposal wells" to provide flexibility in the event the classification should change in the future; and B) approve a new Phase III, Stage 6 authorizing: 1) engagement of the following: a) bond counsel; b) financial advisor; c) rate study consultant; d) consultant services to provide coordination and support services for tasks related to governance, managemen...
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