Title
Aldi and Race Trac Impact Fee Credit.
Presented by Bradford D. Townsend, Planning and Zoning Director
Body
Item Summary:
This is a request for the City Administrator to pre-approve the use of the impact fee credits for system improvements, for authorization to enter into a private agreement for construction in excess of impact fees, and (if any) for reimbursement of the excess and credit for the impact fee in return for the donation of right of way and construction of improvements that widen and improve a bottleneck in the effective streets network as authorized by Zoning Ordinance 24.3.10(c).
The following is the estimated cost of system improvements prepared by Transportation staff:
Construction: $60,000 - $80,000
Signal Mast Arms: $120,000
Total Estimated Cost: $180,000 - $200,000
The total Transportation impact fee is $160,709.99 for the current square footage shown on the Aldi and Race Trac approved site plan proposed for the northwest corner of SR92 at Mansell Road.
Committee or Staff Recommendation:
On March 30, 2011 the Community Development & Transportation Committee recommended placing this item on the April 11, 2011 Mayor and Council Agenda.
Financial Impact:
N/A
Presented by:
Bradford D. Townsend, Planning and Zoning Director