9/2/2016 11:00:00 AM
9/30/2015 7:50:03 PM
Official Document Type
Agenda Item Number
Dodgertown Venture, LLLP
Traffice Imact Fee Credit Property Exchange
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TRAFFIC IMPACT FEE CREDIT AGREEMENT <br /> BETWEEN <br /> INDIAN RIVER COUNTY, FLORIDA <br /> AND <br /> DODGERTOWN VENTURE , LLLP <br /> WHEREAS , on March 23 , 2004 the Board of County Commissioners of <br /> Indian River County , Florida approved Resolution No . 2004 -033 which <br /> Resolution approved an exchange of property with Dodgertown Venture , LLLP ; <br /> and <br /> WHEREAS , condition number 3 of the exchange resolution read <br /> " Dodgertown Venture will deed to Indian River County 25 feet of additional right- <br /> of-way ( 1 . 2064 acres ) from the western border of its property in exchange for <br /> traffic impact fee credits , with the amount not to exceed $ 75 , 000 . 00 ; " and <br /> WHEREAS , condition number 4 of the exchange resolution provided that <br /> " Dodgertown Venture will accept 1 . 2064-acre feet of stormwater runoff from 43rd <br /> Avenue right-of-way in the southern 30 acres of its residential development area , <br /> by means of a drainage/stormwater management easement in favor of Indian <br /> River County ; " and <br /> WHEREAS , said deed and easement to Indian River County had been <br /> executed by Dodgertown Venture , LLLP this -Z- d y of June , 2004 ; and <br /> WHEREAS , Indian River County Code Section 953 . 10 ( 1 ) allows any <br /> person commencing land development activity generating traffic to apply for a <br /> credit against any fee owed for any land accepted and received by Indian River <br /> County ; and <br /> WHEREAS , the parties to the exchange have agreed that the market <br /> value of the right-of-way and easement is $ 75 , 000 . 00 ; and <br /> WHEREAS , Indian River County Code Section 953 . 10 (4 ) allows a credit <br /> agreement to be approved by the County Administrator after the land dedication <br /> is received and the application is fully executed by applicable parties ; and <br /> WHEREAS , consistent with Indian River County Code Section <br /> 953 . 10 (6 ) ( c ) , the 43rd Avenue widening meets an expansion need on the <br /> County' s 20 -year Transportation Capital Improvements Program , <br /> F :\att6rney\nancy\DOCS\DOC\TRAFFIC IMPACT FEE CREDIT AGREEMENT DODGERTOWN VENTURES LLLP .doc <br /> j r � <br />
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