HomeMy WebLinkAboutAugusta Exchange
Augusta Richmond GA
DOCUMENT NAME: 0-0<) \) s-l-iA.. f:.-)( chc;. () ~
DOCUMENT TYPE: (} o/e.e...~';-
YEAR: \ q~ Co
BOX NUMBER: \
FILE NUMBER: } 2- 7 3 I
NUMBER OF PAGES: 5
P.01
..
ROAD EXTENSION AND COST SHARING'AGREEMENT
(p11
day of
: THIS
hI, r"'i~ '1
acting th.rough
AGREEMENT is entered into
this
, 19516, by and between RICHMOND COUNTY, GEORGIA,
the Augusta-Richmond County Commission-Council, a
political: subdivision of the State of Georgia (hereinafter
"Richmond :countyll) and AUGUSTA EXCHANGE, L.L.C., a Georgia limited
,
1iahility:company (hereinafter referred to as Augusta Exchange);
WIT N E SSE T H:
,WHEREAS, Richmond County has roadway plans to extend and
upgrade S~inner Mill. Road Extension/Agerton Lane to include any
upgrading :of the intersections at Wheeler Road and Walton Way
Extension (hereinafter the "Roadway Project"); and
WHEREAS, Augusta Exchange plans to, construct a proposed
retail shopping center on land adjoining the Roadway Project; and
~HEREAS, Richmond County, in its November 21, 1995,
,
session r~viewed and approved the preliminary roadway alignment
plans (her~inafter the "Plans") related to the Roadway Project,: a
copy of whfch are attached hereto as Exhibit "A" and incorporated
her~in by reference; and
WHEREAS, both Richmond County and Augusta Exchange
recognize .the benefit of joint planning and construction with
regard to the Roadway Proj ect and desir-Po to wor'k togethel: t~)
~-'. ....:-.... I:1^Clnst~ W.J...L-'- .:::oUQ.U:: ~llU.;1..l...l.Y c1J...l. COS-cS l tne "l:'roJect Cost?)
1
associated in. completing the Roadway Project in .material
. !
conformance with the Plans, !3uch C~18t::; tc include but not to be
limited to:
(a) survey costs; and
(b) construction costs (such construction costs to
i
: include the coats necessary to design, bid, and const~uct
:the extension and upgrading of Skinner Mill Roa~
Extension, Agerton Lane, to include any necessary
I
~uP9rading of the intersections of Skinner Mill Road with
;Walton Way Extension and Wheeler Road, and the
intersection of Ager~on Lane with Wheeler Road, and all
~elated matters.)'
:2
I
. ... .,.. .. . ~ UO_hL.__
Notwithstanding the above, the shari~9 of Project Costs shall be
,
subject t~ the following limitations:
. (i) Richmond County'~. total participation toward the
Project Costs shall not exceed One Million Six Hundred
:Eight-One Thousand and No/IOO ($1,681,000,00) Dollars;
.(ii) No right-of-way acquisition costs of such
,right-of-way to be conveyed by Augusta Exchange
,(including related attorneys' fees, title fees, recording
!
fees, closing costs and other related costs) shall be
considered Project Costs.
i
Augusta Exchange shall
~edicate or cause to be dedicated to the Roadway Proje~t
at no cost to Richmond County the proposed acres of
fight-of-way property (proposed 80 foot along Agerton
Lane to Skinner Mill and the proposed 100 foot ri9ht-o~-
i
~ay along the proposed Marks Church Connector) as
depicted at the cross-hatched area on Exhibit "A" for use
for the Roadway Project in accordance with the Plans.
!iii) Roadway approval, bidding, construction inspection
~hall b~ at no cost to Augusta Exchange and shall not be
~ part or the Project Costs; and
3
P.02
P.03
"
complete :the same in accordance witp.the terms and conditions set
forth be~ow;
: NO~, THEREFORE, for and in consideration of Ten and
NO/lOO ($lO.OO) Dollars, th~ mutual promises .and covenants
containe~ herein and the benefits to be derived therefrom,the
parties ~ereby agree as follows:
1. Richmond County shall cause to be constructed the
Roadway p,roject, subject to the cost limitations set forth herein
and subj~ct to the provisions hereof.
,
: 2. Cost Sharinq Aqreement. Richmond County and Augusta
E~change . will share equally all costs (the "project Costs")
associated in completing the Roadway Project in material
conformazice with the Plans, such cu:::ta t.c include but not: to be
limited to:
(a) survey costs; and
(b) construction costs (such construction costs to
include the costs necessary to design, bid, and construct
the extension and upgrading of Skinner Mill Road
Extension, Agerton Lane, to include any necessary
upgrading of the intersections of Skinner Mill Road with
Walton Way Extension and Wheeler Road,
and the
,
intersection of Agerton Lane with' Wheeler Road, and all
related matters.)'
2
'.. ,
supporting documentation.
P.06
Interes~ .at the rate of one per cent
(1%) per ~onth shall accrue on any amount unpaid after thirty (30)
days.
: IN WITNESS WHEREOF, ~he parties have hereunto caused
their pre~ence to be auly executed by their proper officials.
~~ ~. t.Uc;l:bQ(J~
. (Unoff-l-cial Witness)
~~ ~~Pa.L~O^~l~O
NOTARY PUBLIC,
I
Not~IY Fubllc:. RI~l'\mond CQCflty. Geor<<!a
My Commission expires ~ CQwmi..."II,n Exoirtl;> 5~j)t. 11. 199a
SIGNED, S~ALED AND DELIVERED
. in the presence of:
SIGNED, S~ALEO AND DELIVERED
~. in t~e presence of: ~
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..' i.(i i.; ~ ~) 1JO'Ct+tel))
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My Commis~ion expirl'!s. r.j/!_~/)'jf;--I
, . - . .' ,'"ly. (J.,,:' ;}")
, Ne\ary P\lb~. C~t>" co r , ~,E';'!
. '._1":'\ ""t'Jlret. $p.1f-311IbV
t.4y comm..... ~. ; ~ .
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AUGUSTA EXCHANGE, L,L.C, (L,P,)
a Ge9F9fi;;)1;1..mi 2 liabi,li ty
cornrany I.......~I) I If) :
By "-~~ '4l1j~MI((7
,.<Jalll!'?:';' :3 :-. Timb~~r.).L;--- -.-
(..;/ Mem~-=r /Manager
" /)/1 '(2
. .~' . .
By "':~;"/' l.~"U' O-:J .
TholT]as Abernathy
Member/Manager
5