SUBJECT:
Title
Request Approval of Tree Mitigation Payment - Racetrac Summerfield (Budget Impact - Revenue; $209,158 to Tree Mitigation Fund)
Body
INITIATOR: DEPARTMENT:
Jim Couillard, PLA, ASLA, Director Parks & Recreation
DESCRIPTION/BACKGROUND:
The developer of Racetrac, located on the Southeast corner at the intersection of U.S. 441 and SE 147th Place, Summerfield, has requested to pay in lieu of installing replacement trees which are required as part of the Marion County Land Development Code, Division 7 - Tree Protection and Replacement.
Section 6.7.10 of the Code provides the ability to make such payments to the County. The fee is determined on a case-by-case basis through public solicitation for bids and the per tree amount is based on: 1) wholesale cost of material, 2) cost of labor for installation, and 3) cost of maintenance for two years.
The developer requests to pay for 943 inches of tree mitigation. Public bids returned a price of $221.80 per inch which results in a total mitigation fee of $209,157.40. The developer has accepted this price.
Funds will be deposited in to the Tree Mitigation Fund to be used by the Parks & Recreation department for use on public property within the county.
BUDGET/IMPACT:
Revenue; $209,157.40 to Tree Mitigation Fund
RECOMMENDED ACTION:
Recommended action
Motion to accept payment and have funds deposited into the Tree Mitigation Fund.
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