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Item S4 BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: 15 January 2003 Division: Growth Management Bulk Item: Yes No ----K- Department" Marine Resources AGENDA ITEM WORDING: Approval of a Transition Agreement between Monroe County, the Florida Keys Aqueduct Authority and the Key Largo Wastewater Utility Board. ITEM BACKGROUND: The newly elected Key Largo Utility Board has held three meetings to date. The Board realizes that the tasks before them on existing projects are substantial, though not insurmountable. They have asked and County staff has suggested that a formal transition agreement is drafted to better define the tasks and requirements held by each agency in the coming six months. In addition to addressing basic administration issues, the agreement outlines financial obligations and commitments on the County's part toward the completion of the two on-going projects in Key Largo, Key Largo Trailer Village and Key Largo Park. It also outlines necessary project components and a timeline for completion in order to ensure that both projects move forward and are completed in a timely manner. In is anticipated that County and FK.AA obligations and commitments will be met within the first six months of 2003 and that the Utility Board would take over all obligations early this summer. PREVIOUS RELEVANT BOCC ACTION: None CONTRACT/AGREEMENT CHANGES: New Agreement STAFF RECOMMENDATIONS; Approval TOTAL COST: None BUDGETED: Yes No COST TO COUNTY: None SOURCE OF FUNDS: FDEP Grant LP0337 REVENUE PRODUCING: Yes No ----K- AMOUNT Per Month Year APPROVED BY: County Atty ----K- Risk Management NA DIVISION DIRECTOR APPROVAL: DOCUMENTATION: Included To Follow ----K- DISPOSITION: AGENDA ITEM NO.: D Y BC030160.doc 12/24/0210:11 AM