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ON MOTION by Commissioner Ginn, SECONDED by <br />Commissioner Adams, the Board, by a 4-1 vote (Commissioner <br />Neuberger opposed) approved the permanent closing of FECRR <br />crossings at 71St Street and 43rd Street in exchange for opening a new <br />permanent FECRR crossing at 53rd Street, as recommended by staff. <br />11.G.5. TRILLIUM, A RESIDENTIAL COMMUNITY (GHO VERO <br />BEACH VIII, INC.) - DEVELOPER'S AGREEMENT (WEST SIDE OF <br />66TH AVENUE, NORTH OF 26TH STREET) <br />Commissioner Neuberger questioned whether this was the best deal we could get, and <br />Public Works Director Jim Davis explained that the developer must deed a minimum of a 60 -foot <br />right-of-way. In this case, the property abuts an arterial road (661'' Avenue) which will serve the <br />whole County, then the County purchases any right-of-way needed above and beyond the required <br />60 -feet. We cannot extract additional right-of-way and ask the developer to also pay impact fees. <br />William Handler, President of GHO, stated that it had taken 3 to 4 months to negotiate this <br />deal and explained that there is a high expense to the developer to purchase the land and carry it. <br />It will take the developer approximately 5 1/2 years to recoup the impact fees which will be collected, <br />as well as the cost of improving the land including surveying, engineering and environmental studies. <br />Also, we don't know yet how much land will be needed for stormwater retention but it will be at <br />least 3 or 4 lots. <br />Upon further questioning, Mr. Handler explained that the developer will lose revenue on the <br />sale of homes and lots because of the irrigation, landscaping and stormwater capacity. <br />Director Davis explained that if these regulations had been in place when Kings Highway <br />was developed, the County could have saved several million dollars in stormwater construction and <br />condemnation procedures. <br />ON MOTION by Commissioner Ginn, SECONDED by <br />Commissioner Adams, the Board, by a 4-1 vote (Commissioner <br />Neuberger opposed) approved the Developer's Agreement whereby <br />MARCH 4, 2003 23 <br />