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BOOK 94 F}v,A91 In their meetings with county staff, DeBartolo officials have said that projected mall costs appear to be too high to allow the corporation's board to approve construction of the project for a Fall 1996 opening. To reduce DeBartolo's costs and enhance the prospects of project construction being initiated in 1995, DeBartolo has requested that, to make the project's "numbers" better, the county take two principal actions. These are: 1. To collect water, sewer, and traffic "impact fees" from mall tenants and provide those fees to DeBartolo to reimburse DeBartolo for impact fees it has already paid or that will be credited to DeBartolo for off-site road improvements; and 2. To provide a cash contribution or reimbursement to DeBartolo of up to $1.1 million to pay for the difference between DeBartolo's estimates of off-site road improvement costs and the actual project traffic impact fee (TIF) assessment. Along with these two major requests, DeBartolo submitted a Notice of Proposed Change (D.O. amendment) request to county staff on March 29, 1995, and also submitted three draft developers agreements to staff on March 31, 1995. The NOPC proposes to insert into the D.O. specific county and developer responsibilities relating to required traffic improvements.. The three draft developers agreements address the NOPC issues and other topics, and cover: •Transportation Impact Fees and Credits *Construction of Utilities •Local Development Issues. •TIMING FOR REVIEW OF REQUESTS Since DeBartolo submitted all of the aforementioned requests in the past two weeks, staff has discussed timeframes with DeBartolo officials and has agreed to a review schedule. This schedule is as follows: • NOPC: The notice of proposed change to the D.O. must follow a specified DRI amendment process including review by the Treasure Coast Regional Planning Council, DCA, the Planning and Zoning Commission, and consideration by the Board at an advertised public hearing. Given those requirements, staff anticipates Planning and Zoning Commission review in May and Board consideration in May or June. Developers Agreements: As submitted, the three developers agreements are rough drafts, do not yet contain complete information and back-up, and contain a number of details relating to other agencies such as FDOT and the Indian River Farms Water Control District. Since March 31st, staff and DeBartolo representatives have worked together on completing workable agreements and revising the drafts. However, these agreements involve policy issues and many details, and must be made complete prior to Board consideration. In addition, the agreements cover some issues addressed in the NOPC. Therefore, to allow time for the developer and staff to complete the agreements, and to coordinate the timing of agreement approval with the NOPC, staff will present the agreements to the. Board at the time the Board considers the NOPC. 34 APRIL 18, 1995