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M <br />M <br />OSLO ROAD AND 27TH AVENUE RIGHT-OF-WAY ACQUISITION -- OSLO <br />PLAZA ASSOCIATES <br />The Board reviewed the following memo dated 12/4,/90: <br />TO: James E. Chandler, <br />County Administrator <br />FROM: James W. Davis, P.E., <br />Public Works Director <br />SUBJECT: Oslo Road and 27th Avenue <br />Right-of-way Acquisition <br />- Oslo Plaza Associates <br />REF.LETTER: Steve L. Henderson to Jim Davis dated 12/3/90 <br />DATE: December 4, 1990 FILE: osloplz.agn - <br />DESCRIPTION AND CONDITIONS <br />Oslo Plaza Associates is proceeding through site plan <br />application to construct a shopping center at the NW corner <br />of Oslo Road and 27th Avenue. The County Thoroughfare Plan <br />designates both Oslo Road and 27th Avenue as arterial routes <br />(130' R/W plus additional 12' along 27th Avenue at the 27th <br />Avenue/Oslo Road intersection for a left turn lane). <br />Existing 50' wide right-of-way's exists along the site's <br />27th Avenue and Oslo Road frontages. As a result, the <br />developer is requested to set aside right-of-way as follows: <br />Oslo Road - 80' R 957.7' = 76,616 sf = 1.76 acres <br />27th Avenue - 49' R 464' = 22,736 sf = .52 acres <br />Approx. 99,352 sf 2.28 acres <br />A portion of this right-of-way, particularly 10' along Oslo <br />Road and 5' along 27th Avenue (a total of 12,247 sf), is <br />required to be deeded to the County to satisfy the minimum <br />60' wide local road right-of-way requirement. <br />At this time, the developer and County staff have agreed to <br />propose a purchase/Traffic Impact fee credit agreement for <br />the remaining 87,105 sf of needed right-of-way area. The <br />proposed agreement is as follows <br />Total Purchase Price - 87,105 sf R $2.25/sf - $ 195,986 <br />Phase I Traffic Impact Fee Credits - Zone 6 -119,536 <br />to developer <br />Subtotal <br />$ 77,450 <br />Cash from District 6 Traffic Impact Fee Fund -$ 50,000 <br />Phase II TIF Credit to developer $ 27,450 <br />The developer has submitted an appraisal (copy attached) <br />which establishes a value of $2.52/sf in a pre -development <br />condition. <br />ALTERNATIVES AND ANALYSIS <br />Staff has negotiated the above agreement in a good faith, <br />arms length manner. The alternatives presented are as <br />follows: <br />V 19960 1 2 9 E�UO� F'gGc <br />