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HomeMy WebLinkAboutCOST SHARING AGREEMENT BETWEEN COEL DEVELOPMENT CO AND STEPHEN BEAZLEY BUILDERS INC . ' xw�� r � ,:. �*a "�' �"�*:i'�� r� . t � . � . . . . . � , -.��. .. . s . . . . . .. . . . �+ ";', ..; STATE OF �EQRGiA� CC}UNTY OF 1;iCHMC3ND) CC?ST SH�RIN� .A�REEMENT' THIS Agreem�nt, mad�e the ,� d�y o� , 2(�11, by at�d bet�ween CO�1. dE�tE�t�PMEWT Ct,�., IN�C., a G�:orgia co�poration, and` STEPI�EN �E+42LEY BUILfi��RS, INC., a Gecar�ia �rpor�#io�, as party af the first part, h�rein�ft�r referred fa as "CC3EL", and Al1GU�'TA, GEC��2GlA, a palNticai subdivisi�n of th� State of Georgia, #�y and through it� Utili#�es �3e�artment, as party of the ��cond part, hereinafter referr�d to as �Al1GUS7A": WVITNESSETk-i WHE�F.,,AS GQEf� owns cer�airt pr�pert�r des�ribed as: All Chat lr�t, ac parcet a�7and, situate, lying and being fn Richrn�ntl County, �e�rgia, 119�h �.M.D. an the northern right af way �f Ga�rd�n Hi�way (U.S. Hi�hwap �8� a�nd co�t�ining 196.89 acr�s, as shown on a plat pre�aared far Nordahl �eacelc�gment West, Inc., by Southern FarCn�rs, Inc.,.dated Augusi 22 2�Q5, said plat b�ing recardetl in the afFaee af t�te Cl�rk t�f the Superin� �ourt of �tichmon�i County,: Georg4a Bo4k 1, p�ge 11'��, rs€er�nce be9ng �►ereby made for a�ncs�e ca��tlete and aceurate d�scription as:Cd tkzs met�s, courses, bounds and Iocati�n afsaid praperly. Said;prc�perty la�ing I�nown i�► the local taar map and parcel nu�nbering system as 064-0-t�f�8�{lt�-(l; and , WHEREAS COEL vuashe�s to constrcact a subdivisic3n, �aresently gt�ing k�y th� narrie �f Haynes Statian, as apprQVed by the Augusta-Ftichmond �c�unty �fann�r�g Gommi�sion �n .��N� ��, �e.� ,�nd the Augusfia Camm'rssivn an ; �!'l� V�tHEREAS it is to the b�nefit crf bcrth parties to cor��tr�rct a water rnain p'rpeline, her�inaff�r refierred tt� as "vfra#er rnain", ta serve said CQEL pr��aerty; and Nt3W THEREFaRE, �C1EL �nd AUGtJSTA heret�y enter into tl�e fc�(lowing ac�reemen�: ; :§ . PRt:7,9EGT �CE7�� AND E�T'IM/�TEQ �C?ST; GO�L �i11 �aus� a si�cteen inc#� (1fi} in�h ducti(e iran v�ater rnain pip�line fio b�. constructed f�r a distance �f 4,596 linear feet, as shc�wn �n Exhlbit A, which wi{I be cott�#ru�t�d vvithin th� easements purc�ase�! by Augu���i, �eo�gia, for the Gordon H�ghway 16"' �1t'at�r Main Pr�jecfi. Saici proj�ct consists c�f two ��� s�ctic�ns: S�c#ion 1 wilt begin at a po�nt on the wes#ern b�oundary iine of a tract af larrd awned by Fred �irns Jr., b�i�g known r�n�er the I�a1 Parc�l identi�cati€�n Num�er as t}�0-(}-001- 00�0, at Stafiiar� 37+�}�, ��d �antinu� un�er 1Nillha�r�n C�rive, in a west�rly direction, fo� 3,p00 f�et te� �tati�n 67�U8, €�r� the sa�ne parcel identrF�d previously i;n t�►is paragraph�. �ection 2 will begin at Statian 67�-(�8 and c�ntinu� in a wes��*rly dire�tian, for a distanc� of 1,�i96 feet, �Q �tation 83+04. CQEL conducted a�ampetitive bid, �tih��ing to th�: �uid�lines of the Augusta- Ric�rnc�nd �o�nty Pracurernent Dep�rtment, fc�r the canstrt.rcti�n of said water main pip�line. T'h� l�avuest' bid wa� suk�mitted by BJ�ir, wifh the t�tal proj��t cost k�eing: ��V� AUGUSTi4, and C�7EL ha�e ac�re�d ta cast share th+� cc�nstru�tic�n Gost f�r �ecfican 1, wi�� �fty p�ercent (5C}%} sE�ar� b�ing paid b�r �kU�USTA and a�ftyr percent (54'%j share b:�ing paid b� COEL. Th� c�nstructi�n cr�st, for this sectian, is two hundred fihirt� �ewen thousar�d, three hundre� sever�ty two dotlars and eighty six cenfis {$237,3T�.$6). AUGU�TA has agreed tt� pay 1 Q� �ercent �'I OU°lo) of fi1�� car�structi�n cc��t for Sectic�n 2. ?he cvst, f�r thi� se��ian, is t�n� h:undred twent�yy six thousand, twa hur�dred ei�hty twc� dc�llars and thirky six �ents ($� 26,282.36). ST�PC�I�#TIU�1S.: All partie� under�tan�( ar►d agree tha#: 'f, T`h� abc�ve st�ted con�truction costs include any a�d a11 c�st� as�c�cia��d with this prt�jec#, inclucting, but nc�t i[rnited to survey�ng, er�t�ineecir�g �lats, clearing and grWk�bing, ccc�nstr�.ic�tion, m�teria(�., acq�isiti�►n and restarati�n. 2. �"he w�ter main ��all be con�#ru�ted �onsister�t with the applicable RUQ t,Au�us�a lltilitie� Qepartment�,l�WlihlA, tFPA �.ro�les, G��rg�a Plumb°tng �odes and �any c�ther standards, regtatatian� and requirements p�rtinent tc� wat�r mains. 3. The water main rnust pass afl requir�d �nd recc�rnm��ded #esting, AUC} rn�y, but is not obtigat�d ta, monitc�r the �Qnstruc#i�n af the w�ter main, �. �r�y and �t1 estirnated ca�t ov�rruns rnust f�ave prior wri�fi�n appr�v�l c��F AtlGUSTA, thraugh its Utilities C'3epartrnent (RUQ). 5, Any and all additionaF �as�:ments re�uired for this praj�c� �hali be c�onat�d to At1GU�TA. 6. This �grec�ment is cc�n�ing�nt upan fihe August;a Commission apprt�ual of the �ave�all project and the Cast Sharinc� �greernent. �. If the Aug[asta Cornrnission dc�e� not approW� the overa1l prc�j�ct and Cost Sharing Agre�rnent, �IUGUSTA will k�e liak�t� fc�r none vf the exper�se assaciated with th:is pro�ect and th�s agreement b�cc�mes null and void. # Alt }�arties furtMer agree that the co�#ractar wilt be informed ta pay ; partic�lar a�ntion t�r th� fence, ga�te and oxher irnpre�vem�nts I4cated on Par�el ; � Identi�:catian Number 080-t1-012-00-0 and Parcel ld�nti�cation Numk�er tl8�-0-�'13� ` � OO�fl, bofih parcels� b�ing aw�e�l i�y �D�:nni� P. FaglM�r. A(I c�cr�ion is to be takerr t+� � � prevent any darnage, crr' hamt,: tr� the�e ittniprowement�. � PAYMENT: Upon the completion of said water main, AUD will perform a final inspection to determine that said water main has been constructed to all applicable Standards, Specifications and Codes, and that said water main has passed all required and recommended testing. If AUD determines that said water main is acceptable to AUGUSTA, a final inspection report will be forwarded to COEL and COEL will send an itemized invoice to AUD. Payment to COEL will be made within thirty (30) days of the receipt of the itemized invoice by AUD. The terms "COEL" and "AUGUSTA" as used herein shall be deemed to mean their respective heirs, successors and assigns, and this Agreement shall inure to the benefit of and be binding upon COEL and AUGUSTA and their respective heirs, successors and assigns. IN WITNESS WHEREOF, the parties hereto have hereunto set their hands and their seals on the day and year above first written. Signed, sealed and delivered in the presence of: COEL DEVELOPMENT CO., INC. (owning a 90% interest) ,- B ���.� � WITNESS n � /�/� T C � /d��- As Its: NOTARY PUBL�OO g�N FT / ��HN�� Gv�d.yBl'�2Ca�i�ir1�,�t�eorgia'••. � Attest: i�1,; ��l �� u': � p► RY S'" My Commi�ior� �re��: .3 d I:: p��� ,�ry: �s As its: � ��.e�...� • C. �1 � : c� � �.°.' �".v �+ � �'i�• IId�H. �ai����s � �G �����se� .♦ .I ,��� ,��\� o � ` (signatures continued on next page) A , . STEPHEN BEAZLEY BUILDERS INC. � (owning a 10% interest) ��r��� gy: i WITNESS _ — ___-.._ _ � C• i��� � As Its: d" -'ck���-�/( NOTAR ��,��I�IC . �� D 8E `�; '. CO '` � orgia Attest: ,i �'�. '�.������ . �Y ���*d�►'es� 3�/d ,�Z � � • � As its: �,,,����;,�.ti . �j n ; A UBLIG s Qs ` 1 O :;�+ o`:r �: � �G P � ::::.°�%'� �%° +++��� a: �� AUGUSTA, GEORGIA � ,� �� �� C� �'�. �-- By: ITNESS ,q�� David S. 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