Laserfiche WebLink
11.G. SOUTH ROSELAND ROAD EXTENSION — PTC ENTERPRISES-, <br />INC. DEVELOPER'S AGREEMENT, AMENDMENT NO. 1(WINN <br />1 ►11 <br />The Board reviewed a Memorandum of August 11, 1997: <br />TO: <br />James E. Chandler, <br />County Administrator <br />G <br />FROM: <br />DATE: August 11, 1997 <br />James W. Davis, P.E., <br />Public Works Director <br />SUBJECT: <br />South Roseland Road Extension - Amendment No. 1 to <br />Developer's Agreement between Indian River County and PTC <br />Enterprises, Inc. <br />REF. MEMO: <br />Patrick Christiansen to James Davis dated Aug 1, 1997 <br />DESCRIPTION AND CONDITIONS <br />On August 1, 1997, the County entered into a developer's agreement with PTC <br />Enterprises, Inc (Developer of the new Winn Dixie on CR512 at Roseland Road) for joint <br />construction funding to extend Roseland Road south of CR512. The estimated cost before <br />construction was $162,068.24�of which $ 65,245.60 was the developer's share and $ <br />96,822.64 per agreement Dec. 19, 1995, was the County's. The project is complete, and <br />the final cost was $190,205. The developer and county staff has discussed the <br />$28,136.76 overage and have agreed that $20,000 of this amount should be funded by the <br />County. Instead of cash payment, the developer will accept additional Traffic Impact Fee <br />Credits to be credited to the remaining undeveloped land associated with the project. <br />ALTERNATIVES AND ANALYSIS <br />The alternatives are as follows: <br />Alternative No. 1 <br />Approve the attached amendment # 1 and issue $20,000 in additional Traffic <br />Impact Fee Credits to the developer. <br />Alternative No. 2 <br />Deny the request. <br />RECOMMENDATIONS AND FUNDING <br />It is recommended that Alternative No.1 be approved whereby the Chairman is authorized <br />to execute Amendment No. 1 and the $20,000. Traffic Impact Fee Credit is approved. <br />ON MOTION by Commissioner Adams, SECONDED by <br />Commissioner Macht, the Board (by a 4-0 vote, Commissioner <br />Ginn absent) unanimously approved the First Amendment to <br />Developer's Agreement with PTC Enterprises, Inc. for paving -of <br />Roseland Road between CR -512 and Laconia Street, authorized <br />the Chairman to execute same; and approved the $20,000 <br />additional Traffic Impact Fee Credit as recommended by staff. <br />AUGUST 19, 1997 <br />AGREEMENT IS ON FILE IN THE OFFICE <br />OF THE CLERK TO THE BOARD <br />39 <br />600K io 6 PAGE WO <br />