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BOOK iiJ [AGUE 67 <br />approximately 1320 L.F. of frontage. To provide for this <br />construction, the attached developer's agreement has been prepared. <br />The contractor is to fund SOC of all costs, with the County funding <br />the remaining 50% cost. This Agreement is similar to previous <br />developer's agreements along County Collector Roadways. <br />The estimated cost of the paving and drainage improvements is <br />$75,000, plus estimated right of way costs of $50,000. The <br />estimated cost to both County and developer each is $62,500. The <br />Alternatives presented are: <br />Alternative No. 1 <br />Approve the Developer's Agreement. <br />Alternative No. 2 <br />Deny Approval <br />RECOMMMATIONS AND FLJNDINC3 <br />Staff recommends Alternative No. 1 whereby the Developer's <br />Agreement is approved. Funding to be from Local option Sales Tax <br />Account #315-214-541. <br />ZEM <br />1. Developer's Agreement <br />MOTION WAS MADE by Commissioner Stanbridge, <br />SECONDED by Vice Chairman Grin, to approve staff's <br />recommendation. (Alternative No. 1) <br />Public Works Director James W. Davis advised that there were a few minor changes <br />made to the Developer's Agreement. <br />MOTION AND SECOND WERE WIT DRAWN. <br />April 11, 2000 <br />58 <br />