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HomeMy Public PortalAboutStormwater AgreementSTORMWATERD��RAINAGE AGREEMENT This agreement is entered into as of this0`0Vt' day of 2022, by and between THE LITTLE CLUB, INC. 100 Little Club Road, Gulf Stream, FL 33483 ("Little Club") and the TOWN OF GULF STREAM, 100 Sea Road, Gulf Stream, FL 33483 ("Town") (collectively, "Parties") InANE,gL .Y.,IL: i WHEREAS, the Little Club and the Town each have a need to accommodate storm water drainage; and WHEREAS, the Little Club owns various equipment and facilities used for the purpose of addressing drainage requirements for the Little Club and the Town; and WHEREAS, the Little Club and the Town, for more than fifty years, have enjoyed a relationship of close mutual support and cooperation. NOW, THEREFORE, the Little Club and the Town, in consideration of the mutual promises and benefits contained herein, hereby agree as follows: 1. The foregoing recitals are true and correct. 2. The Little Club agrees that it shall provide to the Town the benefit of the use of the equipment and facilities which the Little Club possesses and uses in its drainage control system. 3. The Town hereby agrees to pay the Little Club $2,000 per year in support of this activity to compensate the Little Club for recurring and non -recurring expenses related to the Town's share of expenses for the maintenance, operation and repair of said drainage system. This sum shall be revised annually in accordance with the Consumer Price Index and shall be paid on October 1 of each year. 4. The Little Club shall maintain an accounting of expenditures for its drainage system on a cumulative year-to-year basis. The Little Club's accounting in regard to said expense may be inspected by the Town on thirty days notice. 5. This Agreement is based on present capacity of the drainage system for stormwater to flow from the Town rights of way to the Little Club's lakes at the rate of approximately 8 cubic feet per second (cfs) based on the South Florida Water Management District's 25-year, 3-day storm event, and shall be renegotiated in the event either Party's requirements substantially change. 6. The Little Club may cancel this Agreement in the event the Town fails to make the payments required hereunder by providing notice to the Town and a 30 day opportunity to cure by making the requested payment. In the event the Town's drainage requirements or systems change substantially, the Town may cancel this contract upon six (6) months notice to the Little Club. 7. In the event the Little Club sells or the use of the property upon which the drainage system is located substantially changes, the Little Club may cancel this contract upon six (6) months notice to the Town. 8. The Town acknowledges that the Little Club has not made any representation to it concerning the adequacy of said drainage system, and the Town agrees that it will take no action against the Little Club arising out of inadequacy of its drainage system. 9. In the event of unanticipated circumstances, either party may approach the other to renegotiate this Agreement. IN WITNESSETH WHEREOF, the Little Club and the Town have executed this Agreement as of the date first written above Witne Wi ness ATTEST: Approved as to form and legal sufficiency: Town torney THE LITTLE CLUB, INC By: President TOWN OF GULF STREAM, FLORIDA