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• 11.G.7. TRI PARTNERS - DEVELOPER'S AGREEMENT FOR CONSTRUCTION OF CONVENIENCE STORE AT 20TH AVENUE SW AND OSLO ROAD The Board reviewed a Memorandum of June 24, 1999: TO: James E. Chandler, County Administrator FROM: James W. Davis, P.E., Public Works Director SUBJECT: Developer's Agreement with TRI Partners - Construction of Convenience Store at 20 Avenue SW DATE: June 24, 1999 DESCRIPTION AND CONDITIONS Tri Partners, L.L.C., plans to construct a convenience store at 20°° Avenue SW and Oslo Road. Planned improvements are as follows: Phase 1 a) a two lane paved road on 19th Avenue SW between Oslo Road and the project south property line, b) culverting the Sublateral Canal E-8 parallel to Oslo Road; Phase 2 a) turn lane at 20U' Avenue SW to serve 101-h Street, SW; b) paving 19th Avenue SW from the project south property line to 10th Street SW; c) paving of 10"r' ✓Street SW east of 20a' Avenue SW The County has prepared a Developer's Agreement with Tri Partners, who are funding 75% of the cost of the engineering, permitting and construction. The County will reimburse the developer 251% of the cost upon completion of Phase I in the estimated amount of $16,859.95 and $21,197.46 upon completion of Phase II. ALTERNATIVES AND ANALYSIS Staff presents the following alternatives: Alternative No. 1 Approval of the attached developer's agreement with the County funding 25% of the cost or $38,057.41. Alternative No. 2 Deny approval. RECOMMENDATIONS AND FUNDXNG Staff recommends approval of the agreement. Funding to be from Traffic Impact Fee funds, District 6, as budgeted for the Oslo Road project ($8,613.65), and 20th Avenue SW turn lane ($6,301.26) and ($23,142.50) from Local Option Sales Tax revenue budgeted for Special Assessment Paving. JULY 69 1999 • -77- BOOK PAGE /;