Subject:
Title
Non-binding Letter of Intent for the potential transfer of City of Treasure Island Wastewater System to County.
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Recommended Action:
Recommended Action
Approval and execution by the County Administrator of the non-binding Letter of Intent (LOI) for the potential transfer of City of Treasure Island (City) Wastewater System to County.
• LOI acknowledges City’s interest and intent to transfer its wastewater system to County.
• Approval of LOI allows County to conduct associated due diligence within three hundred sixty-five (365) days of executing LOI.
• Due diligence process includes analysis of existing documentation relating to the financials, system operations, and capital improvements of City’s wastewater collection system.
• All financial obligations will be the City’s responsibility.
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Strategic Priorities:
Resilient Infrastructure and Environment
1.2 Maintain and enhance County infrastructure
Smart Service Delivery
4.4 Pursue continuous improvement
Summary:
The LOI is intended to clarify the factors seen as relevant to the potential transfer of the City’s Wastewater System to the County. Additionality, the LOI will provide formal confirmation of the City's intent to take steps necessary to evaluate and complete a transfer.
Approval of the LOI will allow the County to conduct due diligence within three hundred sixty-five (365) days of executing the LOI. This process will include an analysis of existing documentation relating to the financials, system operations, and capital improvements of the City’s wastewater collection system. All financial obligations will be the City’s responsibility.
Background/Explanation:
On April 3, 2025, the City contacted the County to discuss the possible acquisition of its wastewater collection system. The City’s system has an estimated total of 23,630 linear feet of force mains, 126,698 linear feet of gravity mains, and 466 manholes. The County will thoroughly analyze the City’s collection system to determine its condition and potential for transfer.
Fiscal Impact:
N/A
Delegated Authority:
Authority for the County Administrator to sign this Letter of Intent is granted under Code Section 2-62 (a)(1).
Staff Member Responsible:
Jeremy Waugh, Director, Utilities
Partners:
City of Treasure Island
Attachments:
Letter of Intent
Utility Acquisition Evaluation Data Request Checklist