In respect to the annexation of the area commonly referred to as Leisure Lane/Van Doren Avenue or Town and Country Villas (see attached map) the City and the County have established an agreement which assigns responsibility to each party for certain improvements to the property. The terms and conditions of which are outlined below for your reference:
• The city shall expend $1,538,990.50 within two years of the execution of this agreement for various improvements i.e.- sidewalk and streetlight installation, road repair, establishment of a neighborhood park and impact fee credits.
• The county and the city agree to work collaboratively to identify and secure grant funding opportunities to support the installation of sewer infrastructure.
• The county agrees to pay the city a sum of $2,000,000 for the construction of sewer infrastructure within and serving the area.