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<br />9.A.3. RCPHR <br />EQUEST FOR ONTINUANCE OF UBLIC EARING EGARDING <br />CAPFS <br />ONSIDERATION OF PPROVAL OF ROPORTIONATE AIR HARE <br />ADAO27,LLC, <br />GREEMENT AND EVELOPERS GREEMENT FOR SLO AND <br />AACI <br />PPROVAL OF AN MENDMENT TO THE APITAL MPROVEMENTS <br />ECPIF <br />LEMENT OF THE OMPREHENSIVE LAN TO NCLUDE THE OUR <br />L27A13SSWT17SSW <br />THTHTH <br />ANING OF VENUE FROM TREET O TREET <br />(L) <br />EGISLATIVE <br />PROOF OF PUBLICATION OF ADVERTISEMENT FOR HEARING IS ON FILE IN THE <br />OFFICE OF THE CLERK TO THE BOARD <br />Attorney William G. Collins, II reviewed the Assistant County Administrator’s <br />memorandum dated November 29, 2006 explaining that in the last week they came to an <br />impasse that he hoped to work out regarding the impact fee credits and the request was <br />for an extension for one week. <br /> <br />The Chairman opened the public hearing. <br /> <br />th <br />Jerry Swanson <br />, 3001 Ocean Drive, Oslo 27 LLC, gave a brief background on <br />th <br />this issue regarding the proportionate share agreement and the failing link between 13 <br />th <br />and 7 Street SW. He had 10 trips that failed at that intersection and he agreed to enter <br />into a Letter of Credit for $5,000,000.00, plus 15% contingency required by the County. <br /> <br />Ron D’Hessler, <br /> Chief Financial Officer of P&S Properties, displayed a <br />schedule (Exhibit “C” – copy on file) that he put together to make it easier to understand <br />the economics involved in this transaction. He requested a credit of $211,900.00 out of <br />their transportation impact fees, plus they would give the County $277,000.00 to go <br />toward other transportation impact fees, and they would pay another $142,000.00 in other <br />December 5, 2006 <br />18 <br /> <br />