Item Coversheet
ITEM 31.
Transportation - Consent

AGENDA ITEM REPORT

DATE:September  3, 2024 
DEPARTMENT:Transportation
REQUESTER:Rob Price 
TITLE:Approve Impact Fee Agreement and Issuance of Impact Fee Credits for Three Oaks Pkwy. & Oriole Rd. 
I.MOTION REQUESTED
 A) Approve Impact Fee Credit Agreement with North Alico Property Owners Association, Inc for the construction of portions of Three Oaks Parkway and Oriole Road.
B) Approve the issuance of impact fee credits in the amount of $7,801,171.90.
II.ITEM SUMMARY
 

Approves an Impact Fee Credit Agreement and issuance of $7,801,171.90 in impact fee credits to North Alico Property Owners Association, Inc. (North Alico) for the construction of portions of Three Oaks Parkway and Oriole Road. 

The County and North Alico Property Owners Association agreed that North Alico would construct approximately 6,000 lineal feet of the Three Oaks Parkway extension north of Alico Road to the Fiddlesticks Canal, and approximately 6,000 lineal feet of Oriole Road north of Alico Road which intersects with Three Oaks Parkway. In turn, North Alico would receive impact fee credits for the eligible costs. The credits may be used by North Alico in the Southwest, Southeast and Central Road Impact Fee Districts in accordance with Land Development Code Section 2-275.

III.BACKGROUND AND IMPLICATIONS OF ACTION
 A)Board Action and Other History
  Approve an Impact Fee Credit Agreement with North Alico (North Alico) Property Owners Association, Inc for the construction of portions of Three Oaks Parkway and Oriole Road. This Agreement approves the issuance of $7,801,171.90 in credits to North Alico. North Alico applied to the County for authorization to proceed to accelerate the design and construction of Three Oaks Parkway from Alico Road north to the Fiddlesticks Canal and also to extend Oriole Road (a major collector road) from Alico Road north to the intersection with Three Oaks Parkway Extension by having North Alico provide financing and prepaying the costs to permit and construct the extension of these roadway improvements including related environmental mitigation required by the permits from various Federal, State, and local agencies in exchange for Road Impact Fee Credits.
 B)Policy Issues
  
 C)BoCC Goals
  
 D)Analysis
  
 E)Options
  
IV.FINANCIAL INFORMATION   
 A)Current year dollar amount of item:
See Comments below.
 B)Is this item approved in the current budget?N/A
 C)Is this a revenue or expense item?N/A
 D)Is this Discretionary or Mandatory?N/A   
 E)Will this item impact future budgets?
If yes, please include reasons in III(D) above.
No
 F)Fund:
Program:
Project:
Account Strings:  
 G) Fund Type?Other:  Transportation Capital Improvement 
 H)Comments:
This agreement approves issuing $7,801,171.90 in impact fee credits to North Alico Property Owners Association. 
V.RECOMMENDATION
 Approve  
VI.TIMING/IMPLEMENTATION
 
VII.FOLLOW UP
 
ATTACHMENTS:
DescriptionUpload DateType
Three Oaks Pkwy Impact Fee Credit Agreement8/13/2024Agreement
Three Oaks Pkwy Impact Fee Credit Agreement-Exhibit A8/13/2024Agreement
Three Oaks Pkwy Impact Fee Credit Agreement-Exhibit B8/13/2024Agreement
Three Oaks Pkwy Impact Fee Credit Agreement-Exhibit C8/13/2024Agreement
Three Oaks Pkwy Impact Fee Credit Agreement-Exhibit D8/13/2024Agreement
090324R-C-31-Partially Executed Impact Fee Credit Agreement9/6/2024Agreement
090324R-C-31-Executed Impact Fee Credit Agreement9/16/2024Agreement
REVIEWERS:
DepartmentReviewerActionDate
TransportationPrice, RobApproved8/21/2024 - 1:30 PM
Budget ServicesGuttery, AngelaApproved8/23/2024 - 1:58 PM
Budget ServicesWinton, PeterApproved8/26/2024 - 8:58 AM
County AttorneyAdams, JosephApproved8/27/2024 - 10:03 AM
County ManagerHarner, David Approved8/27/2024 - 3:09 PM