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DEC I I . <br />BOOK 82 FAGF. X40 <br />Alternative # 1 <br />Approve the above purchase agreement for the 87,105 sf <br />right-of-way parcel at a cost of approximately <br />$195,986. Funding to be Zone 6 Impact Fee Credit for <br />Phase I, Oslo Plaza in the amount of $118,536, cash <br />payment by County in the amount of $50,000 from Zone 6 <br />Traffic Impact Fees, and a remaining Traffic Impact Fee <br />credit in the amount of $27,450 for Phase II of the <br />Oslo Plaza Project. <br />Alternative #2 <br />Do not approve the above stated negotiated offer. <br />RECOMMENDATIONS AND FUNDING <br />Alternative 1 is recommended whereby the County Commission <br />approve _the Oslo Road and 27th Avenue. Right -of -Way <br />acquisition for a cost of $195,986. Funding to be from Zone <br />6 Traffic Impact Fees (Credits and $50,000 cash purchase). <br />Attorney Steve Henderson, representing Oslo Plaza <br />Associates, noted that there is an item in staff's memo that has <br />to do with the balance of the $27,450 for the traffic impact fee <br />credit. He had talked to Public Works Director Jim Davis about <br />having that payment deferred so they could use that money for <br />utilities impact fees rather than traffic impact fees on Phase <br />II. <br />Commissioner Scurlock understood then that we are deferring <br />payment on $27,000 because we don't have money to pay him, and <br />Administrator Chandler confirmed that we don't have enough money <br />in the District 6 Traffic Impact Fee Fund, not with our other <br />commitments within that area. <br />Attorney Vitunac explained that right now they have a credit <br />and the County can pay it back with cash next week or anytime and <br />solve the whole thing, but Commissioner Scurlock didn't want us <br />to get in a position of deferring payment just to cut a deal to <br />get this right-of-way and to get what other approval we have had <br />today. He felt we should either find the money or borrow it, <br />because just last week we had a little thing we went to Court on. <br />Attorney Henderson noted that, in effect, the County is <br />borrowing from the developer, but Commissioner Scurlock didn't <br />feel that was right. <br />130 <br />