SUBJECT:
Title
Request Approval of Development Agreement for SE 52nd Street at US 301 C-Store Between Marion County and WPG-Triple Crown LLC, (Budget Impact - Revenue; $14,641)
Body
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INITIATOR: |
DEPARTMENT: |
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Steven Cohoon, P.E., County Engineer |
Office of the County Engineer |
DESCRIPTION/BACKGROUND:
This Development Agreement establishes the Developer’s proportionate share mitigation for transportation impacts associated with development of a convenience store and future outparcel at the intersection of SE 52nd Street and US 301.
A previously accepted traffic study identified the need for roadway improvements along SE 52nd Street adjacent to the site, and design plans for a potential future widening were approved by the County. These plans contemplated a three-lane section with an eastbound left-turn lane.
Upon coordinating the proposed improvements, the County and Developer evaluated multiple potential approaches to move the project forward. However, off-site utility conflicts located on private property, including power-pole placement and clearance requirements, make construction of the widening infeasible at this time. Because the County does not have a programmed capital project in this segment, and because the needed utility adjustments fall outside the County’s control, neither party can implement the improvements under current conditions.
The Developer’s proportionate share obligation totals $32,941.14. After applying eligible credits for design and utility coordination work completed by the Developer, the resulting net payment due to Marion County is $14,641.11.
BUDGET/IMPACT:
Revenue of $14,641.11 (BL760344-344904 Developer Agreements)
RECOMMENDED ACTION:
Recommended action
Motion to approve the Development Agreement for SE 52nd Street at US 301 C-Store and to authorize the Chairman and Clerk to execute the same.
end