Okaloosa County BOCC — September 3, 2013 — Action Item Printout — reading text

BOARD OF COUNTY COMMISSIONERS AGENDA REQUEST DATE: November 5, 2013 TO: Honorable Chairman and Members of the Board FROM: John Hofstad SUBJECT: Kelly Plantation Outparcel Transportation Infrastructure Agreement DEPARTMENT: Public Works BCC DISTRICT: 5 STATEMENT OF ISSUE: Synovus Bank owns four (4) of the commercial outparcels that were initially created by the Kelly Plantation Planned Unit Development (PUD). All four parcels have been removed from the PUD and are now responsible for traffic concurrency independently. As owners of the parcels, Synovus Bank has worked with City of Destin and County staff to address traffic concurrency. This is a request for approval of the Transportation Infrastructure Agreement that would obligate the developer of the parcels to make infrastructure improvements as mitigation for traffic impacts. BACKGROUND: Originally created as part of the Kelly Plantation PUD, several of the commercial outparcels between Commons Drive and US 98 remained undeveloped despite depletion of the transportation concurrency bank. In an effort to balance the transportation bank with the developable parcels within the PUD, parcels were removed from the PUD boundaries and subsequently acquired by other entities. Removed parcels are developable independently from the PUD, which means that they are required to demonstrate concurrency standards as individual parcels. Because of the traffic capacity issues along both Commons Drive and US 98, Synovus Bank worked with City of Destin and County staff to develop off-site mitigation projects that could be constructed to offset traffic impacts. The intent is to have the off-site improvements constructed concurrently with the commercial parcels to mitigate traffic impacts. Proposed improvements include an access road between Commons Drive and US 98 along with an internal access agreement (to promote internal capture), installation of turn lanes along Commons Drive and the installation of five (5) right turn lanes along US 98 for access to Commons Drive and the subject parcels. Incorporated as part of the Transportation Infrastructure Agreement is Exhibit "D", which depicts the proposed improvements. Staff has worked with the City of Destin to ensure that the proposed mitigation is acceptable in accordance with the Intergovernmental Technical Review Committee; a copy of the approval letter from the City of Destin is include as Exhibit "E" of the proposed agreement. Staff has also verified with FDOT that the proposed improvements are allowable once a permit is obtained by the applicant. The overall value of the proposed off-site improvements is estimated at $517,596.00. All off-site improvements will be performed at no expense to either the County or the City and shall be installed prior to the issuance of any certificate of occupancy for the associated development parcels in accordance with the development schedule contained herein. The agreement has been reviewed and approved as presented by Legal Counsel and executed by the applicant. OPTIONS: Approve / Disapprove the proposed Traffic Infrastructure Agreement with Synovus Bank. RECOMMENDATIONS: Approve the proposed Traffic Infrastructure Agreement with Synovus Bank. RECOMMENDED BY: APPROVED BY: Ernie Padgett, County Administrator