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TO: James Chandler County Administrator THROUGH: James W. Davis, P.E. Public Works Director FROM: Terry B. Thompson, P.E. Capital Projects Manager SUBJECT: Phase II Kings Highway Improvement Developer's Agreement between Indian River County and First Church of God, Inc. DATE: March 3, 1999 DESCRIPTION AND CONDITIONS An additional twenty feet (20') of right-of-way is needed along the most side of Kings Highway adjacent to the First Church of God development. The attached developer's agreement provides for the purchase of needed right-of-way and the construction of drainage facilities on the church site. The ponds on the church site have been designed to accept the runoff from King's Highway (one acre equivalent pond area) and runoff from the church site (four acre equivalent pond area). Based on these equivalent areas, the County will pay 20% of the monthly pond maintenance cost. The cost of the right-of-way and County's portion of the drainage improvements is $100,450 as outlined in the agreement. RECOMMENDATIONS AND FUNDING Staff recommends that the Board of County Commissioners approve the attached Developer's Agreement. ATTACHMENT Developer's Agreement Vice Chairman Adams questioned Public Works Director James Davis on the cost and future costs to the County under this agreement. Public Works Director James Davis explained in detail the costs as set forth in the agreement and explained the economics. He mentioned that the value of the land was similar to that in past agreements of this nature. He also spoke of the environmental and aesthetic values of having a large retention pond versus smaller ones and advised of the County's responsibilities in maintaining the pond. In response to Vice Chairman Adams' question about timing, Director Davis advised that this is part of Phase 2 of the Kings Highway MARCH 9,1999 75 BOOK 103 Fa1GE 5 iia