Title
Vote on a request to accept an amendment extending the July 31, 2019 agreement between the County and Colvard Farms Development Company, LLC for water purchase to July 31, 2026.
Abstract
Action Requested: Vote on a request to accept the First Amendment to the July 31, 2019 Agreement between Chatham County and Colvard Farms Development Company, LLC for the purchase of water from the County.
Introduction & Background: Colvard Farms Development Company, LLC wishes to extend the date of the Agreement to align with a tangential agreement Colvard has with the US Army Corps of Engineers.
Discussion & Analysis:
How does this relate to the Comprehensive Plan: N/A
Budgetary Impact: Additional revenue to the County based on the allocation costs the County pays the US Army Corps of Engineers for lake allocations.
Recommendation: Motion to accept the First Amendment to the July 31, 2019 Agreement between Chatham County and Colvard Farms Development Company, LLC