SUBJECT/RECOMMENDATION:
Title
Approve a Developer Agreement with Lindiakos Properties, Inc, for the installation of a natural gas distribution system and authorize appropriate the officials to execute same. (consent)
Body
SUMMARY:
Lindiakos Properties, Inc (Developer) is constructing 95 townhomes in a new development in Tarpon Springs. The Developer has agreed to use natural gas in at least 75% of the townhomes.
This agreement has been modified to remove the Commercial Automobile Liability insurance requirement and standard indemnification language. These changes were made as a result of contract negotiations between the City/Clearwater Gas System and the Developer. Automotive liability was not applicable for this project, and, as the developer is not utilizing any vehicles in connection with the development. The City will be able to pursue common law indemnification if there are losses due to the developer’s negligence. The City’s sovereign immunity under FL Statute Chapter 768.28 is not waived.
APPROPRIATION CODE AND AMOUNT: N/A
USE OF RESERVE FUNDS: N/A