DATE: March 20, 2018
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Michelle Hatcher, Director, Water Management Department
SUBJECT:
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Agreement for Dedication of Easement for Water Main Easement, COF Contract No. 2016-0029. For $100.00 to Franklin Iron Wood Retail Partners and Madison Brookside Cary JV Member, LLC.
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Purpose
The purpose of this memorandum is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning For Consideration of Dedication for Easement for Water Main Easement, COF Contract # 2016-0029. For $100.00 to Franklin Iron Wood Retail Partners and Madison Brookside Cary JV Member, LLC.
Background
The City Water Utility was in need of a water main easement valued at $100.00
Financial Impact
$100.00 for the water line easement was funded through the Water Management capital budget (water utility).
Recommendation
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Approval for the easement acquisition was provided by the City Administrator per authority granted by the BOMA.