R16-0891
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RESOLUTION NO. R16 -089
A RESOLUTION OF THE CITY OF BOYNTON BEACH,
FLORIDA, APPROVING AN INCREASE IN THE AMOUNT OF
$129,043 TO THE REIMBURSEMENT TO SKYE AT BOYNTON
BEACH, LLC, FOR UPSIZING UTILITY LINES AND
INSTALLING NEW UTILITY LINES FOR THE 500 OCEAN
PROJECT PER THE EXECUTED DEVELOPER'S AGREEMENT
FOR A TOTAL REIMBURSEMENT OF $444,419; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, on May 5, 2015, via Resolution R15 -047, the City Commission
approved a Developer's Agreement between the City of Boynton Beach and SKYE at
Boynton Beach, LLC. (SKYE) for the 500 Ocean project; and
WHEREAS, as part of the Agreement, the City agreed to reimburse SKYE for
upsizing certain utility lines and installing new utility lines that are adjacent to the
property and were requested by the City but were not required to provide service to the
project; and
WHEREAS, the City's share of the costs increased based upon changes during
construction that were required due to unforeseen conditions and a change to the scope of
work for upsizing and existing 6 -inch water main to an 8 -inch main along Federal
Highway; and
WHEREAS, upon recommendation of staff, the City Commission of the City of
Boynton Beach Florida deems it to be in the best interest of the citizens of the City of
Boynton Beach to approve an increase of $129,043 to the reimbursement to SKYE at
Boynton Beach, LLC., for upsizing utility lines and installing new utility lines for the 500
Ocean project per the executed Developer's Agreement for a total reimbursement of
$444,419.
S: \CC \WP\ Resolutions \2016\R16 -089 Increase_ reimbursement _to_Skve_Developers_Agmt = _Reso.doe
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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
THE CITY OF BOYNTON BEACH, FLORIDA, THAT:
Section 1. The foregoing "Whereas" clauses are hereby ratified and confirmed
as being true and correct and are hereby made a specific part of this Resolution upon
adoption.
Section 2. The City Commission of the City of Boynton Beach, Florida, hereby
approves an increase of $129,043 to the reimbursement to SKYE at Boynton Beach, LLC.,
for upsizing utility lines and installing new utility lines for the 500 Ocean project per the
executed Developer's Agreement for a total reimbursement of $444,419.
Section 3. That this Resolution shall become effective immediately.
PASSED AND ADOPTED this j � " k day of , 2015.
CITY OF BOYNTON BEACH, FLORIDA
YES NO
Mayor — Steven B. Grant
Vice Mayor — Mack McCray &---
Commissioner — Justin Katz
Commissioner — Christina L. Romelus
Commissioner — Joe Casello ,
VOTE
ATTEST:
Jl FlLn A. Pyle, CMC
Interim City Clerk
(Corporate Seal)
S:\CC\WP\Resolutions\2016\RI6-089 Increase_ reimbursement_ to_Skve_Developers_Agmt_- _Reso. doc