SUBJECT:
Title
Request Approval to Execute the First Amendment to Right-of-Way and Signalized Intersection Improvement Agreement
Body
INITIATOR: DEPARTMENT:
Matthew G. Minter, County Attorney County Attorney
DESCRIPTION/BACKGROUND:
The development of the On Top of the World Communities, LLC, and Colen Built Development, LLC properties, and the design, planning and construction of County arterial roadways, intersections, and related transportation facilities, have in the past, and will in the future require agreements between those parties and Marion County. The attached First Amendment to Right-of-Way and Signalized Intersection Improvements Agreement [ SW 38th Street, is one such agreement. This agreement provides terms for the dedication of right of way for the “First Phase” of SW 38th Street ROW; a recognition of a future “Second Phase” right of way dedication; providing for the County’s grant of transportation impact fee credits in the amount of $766,000.00 based on the appraised value of the “First Phase” dedication; and provides for cash reimbursements by the County for $169,200.00 for cost of relocation of a billboard; and for $8,380.00 for utility relocation expenses, both of which were related to the dedication of the “First Phase” ROW.
BUDGET/IMPACT:
Transportation Impact Fee Credits of $766,000.00, and cash payments totaling $774,380.00
RECOMMENDED ACTION:
Recommended action
Motion to approve and execute the First Amendment to Right-of-Way and Signalized Intersection Improvement Agreement.
end