11/21/2006 (4) - Laserfiche WebLink

Home Browse Search

Chuck Mechling, 1999 Pointe West Drive, a developer, was in agreement with the interest concept. He reminded the Board that Pointe West has user-services within it’s community which puts less trips on the road, benefiting everyone in that geographic area. He hoped they would allow themselves the opportunity to keep economic vitality alive and believes that SR60 does, not only for Pointe West, but also for general commercial along that Avenue and for the industrial park, which is west of I-95. Karen Hall , Realtor and President of the Realtor’s Association of Indian River County wanted to convey the Association’s support on the advanced construction for SR60 and hoped the County would find a viable solution to the interest expense incurred by advancing this project. Although in favor of the project they felt impact fees may not be the best solution because they become problematic for the builder, who in-turn passes them on to the buyer in order to make-up the differences in profits, or they reduce the quality of units. Moreover, an increase in the resulting home prices would lead to stress in the County that is already dealing with affordable housing. The Association felt confident that advancing this project would meet the needs for transportation and housing. Ms. Hall handed-out and read a written message from the Association to the Commissioners (copy on file in the Clerk’s office). The Vice Chairman called for a brief recess at 10:51 a.m. and reconvened the meeting at 11:02 a.m. with all members present. ON MOTION by Commissioner Davis, SECONDED by Commissioner O’Bryan, the Board unanimously approved to conceptually endorse the proposed interest cost recovery mechanism for advancing SR 60 construction projects, as recommended in the memorandum of November 14, 2006. November 21, 2006 21