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BOOK 96 FADE 856 TERNATWES AND ANALYSIS The agreement provides for the developer funding $65,245.60 (equal to the developments Traffic Impact Fee) and the County funding $96,822.64 (from Traffic Impact Fee District 3). The developer will acquire needed right-of-way, and deed it to -the City of Sebastian, accept the stormwater from the Road and route it through an on-site stormwater system. and will fund 100% of site related turn lanes and sidewalks. The alternatives presented are: Alternative No. 1 Approve the agreement since it will provide a signalized intersection connection to CR512 serving the North County Library, the proposed Winn Dbde, and Sebastian Highlands south of CR512. Alternative No. 2 Deny approval. RECOMMENDATIONS AND FUNDING Staff recommends Alternative No. 1 whereby the agreement is approved. Funding to be from District 3 Traffic Impact Fee fund. ON MOTION by Commissioner Eggert, SECONDED by Commissioner Bird, the Board unanimously approved the Agreement with PTC Enterprises, Inc. for a signalized intersection connection to CR 512 serving the North County Library; proposed Winn Dixie, and Sebastian Highlands south of CR 512, as recommended in the memorandum. (Alternative No. 1) AGREEMENT ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD FEC GRADE CROSSING LICENSE AGREEMENT -HIGHLANDS DRIVE The Board reviewed a Memorandum of December 11, 1995: TO: James E. Chandler, County Administrator THROUGH: James W. Davis, P.E. Public Works Director <:0 FROM: Christopher R. Mora, P.E. County Traffic Engineer SUBJECT: F.E.C. Railroad Grade Crossing License Agreement Highland Drive RE: Letter from Ronald E. Holmes, Florida Department of Transportation (FDOT) to Christopher R. Mora, dated November 30, 1995 DATE: December 11, 1995 86 December 19, 1995