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RESOLUTION R-1920-14: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA ADOPTING AND CONFIRMING FINAL COSTS ASSOCIATED WITH THE INTERSTATE DRIVE WATERLINE PAYBACK PROJECT, A PAYBACK PROJECT OUTLINED IN RESOLUTION NO. R-1314-48 ADOPTED BY THE COUNCIL ON APRIL 8, 2014; ACCEPTING THE PUBLIC IMPROVEMENTS CONTAINED HEREIN TOTALING $318,741; AND AUTHORIZING THE UTILITIES DIRECTOR, OR HIS DESIGNEE, TO RELEASE PROPERTIES AS ASSESSMENTS ARE PAID.
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BACKGROUND: Ordinance O-9697-30 adopted by Council on February 11, 1997 established a process by which the City of Norman can recover the costs associated with the extension of utility lines through or by undeveloped property. Sections 19-207 through 19-209 detail the procedures for implementing a payback project. Pursuant to the code, the funding entity (or entities) can recover their costs for right of way acquisition, engineering, utility relocations, and construction from property owners who subsequently develop their property and connect to the utility lines during the 20-year payback period.
For the first fifteen years, the cost is adjusted for inflation using the Engineering News Record Construction Cost Index (CCI). The annual inflation factor will be 4.13%, based on the January 2010 and January 2000 ENR CCI's of 8660 and 6130, respectively. At the end of the year fifteen and for each year thereafter, that cost will be reduced by twenty percent. At the end of the year twenty the cost will be zero.
On February 27, 2014, the City of Norman opened bids for the Interstate Drive and Corporate Center Drive Extension Improvements (Bid No. 1314-46) located in University North Park. Silver Star Construction Company Inc. was the low bidder at $4,091,000. The bid was prepared in accordance with the State Competitive Bidding Act; the waterline portion of the larger bid was $338,707.20. This waterline will eliminate the need for a developer to install the required 12-inch waterline in the future when the pro...
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