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Public Works BOOK 10J PAGE 3 James Davis reviewed a Memorandum of July 21, 1999: TO: James E. Chandler, County Administrator FROM: James F. Davis, P. Public Works Director r SUBJECT: Developer's Agreement for Offsite Improv menta - Pointe West Development DATE: July 21, 1999 DESCRIPTION AND CONDITIONS I Roadway and Drainage Pointe West of Vero Beach, Limited Part nership(general Partner Is Pointe West of Vero Beach, Inc.) is constructing Pointe West development located between SR60 and 8th Street west of 66e' Avenue. Several County unpaved roadways are impacted, and a developer's agreement is needed to establish funding and timing of the improvements. To clarify the provisions of the agreement, the following table lists each road, the cost of improvement, and the County/Developer share of the funding. Roadway Paving Estimated Estimated Estimated Cost County Cost Developer Cost 1) 74th Ave between SR60 $ 400,000 $ 300,000 $ 100,000 and 12th Street 2 ) 16th St between 74th Avenue and 82nd Avenue $ 700,000 $ 400,000 $ 300,000 (Including piping sublateral canal) 3 ) 16th Street between 74th Avenue and 66th Avenue $ 600,000 $ 350,000 $ 250,000 Including box culvert in Rangeline Canal) 4) 12th Street between 74Ch Avenue and 82nd Avenue $ 400,000 $ 250.000 $ 150.000 $2,100,000 $ 1,300,000 $ 800,000 Right of way acquisition (approximately 16.8 acres) is not included above at an additional cost of approximately $252,000. The developer's share of right of way costs is $85,000. The above costs are using the County's special assessment paving program formula for collector roadways which is 501% County/50% JULY 279 1999 80