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January 25, 2024 City Council Regular Meeting
Title
21. Approval of a Water & Sewer Agreement with Parkway & 17 Hotel Partners, LLC for Woodsprings Suites, a development consisting of a 4-story, 99 room hotel at 115 Woodsprings Drive off Chatham Parkway in the President Street Treatment Plant service area located in Aldermanic District 5.
Strategic Priority
Infrastructure
Description

Parkway & 17 Hotel Partners, LLC has requested a water and sewer agreement for Woodsprings Suites, a development consisting of a 4-story, 99 room hotel at 115 Woodsprings Drive off Chatham Parkway in the President Street Treatment Plant service area located in Aldermanic District 5. The water and sewer systems have adequate capacity to serve this 46.77 equivalent residential unit development. The Water & Sewer Connection Fee totaling $224,371.50 is based on the proposed water consumption and shall be paid by the developer prior to the release of any water meters. The agreement is consistent with policy directives given by the Mayor and Aldermen and has been reviewed and approved by the City Attorney for legal format.

Recommendation

Approval

Contact
James H. Laplander, Director, Water Resources Planning and Engineering
Financial Impact
$224,372 in Revenue
Review Comments
Attachments
Exhibit 1 : Water & Sewer Agreement - Woodsprings Suites.pdf
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