RECOMMENDATION(S):
APPROVE a reimbursement agreement for $1,279,475 between the Contra Costa County Flood Control and Water Conservation District (FC District) and LSK Holdings, LLC, effective March 17, 2009, through March 17, 2019, as stated in Exhibit “A” of the Agreement, and AUTHORIZE the Chair of the Board to execute the agreement on behalf of the FC District.
FISCAL IMPACT:
The reimbursement will be made from Drainage Area 56 funds, which are collected pursuant to Contra Costa County Ordinance No. 2002-24.
BACKGROUND:
LSK Holdings, LLC, constructed off-site storm drain improvements, which are part of Subdivision 9191. Said development is within the jurisdiction of the City of Oakley (City). City’s conditions of approval for said development requires LSK Holdings, LLC to install a portion of the drainage facilities shown on the adopted Drainage Plan for Drainage Area 56.
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