HomeMy WebLinkAbout2025 08 11 Regular 500 - Additional Documents submitted by Paul Partkya-1 S0-0
Summary of the work and estimated cost that was done under the
2015 and 2017 DA agreements by the Developer.
Mar 10, 2015 DA:
3 (a) Approval of the initial phase of the development to include the
apartments and to change the concept plan
3 (b) The Master Stormwater Retention Facility to be constructed for
the entire Property (45 +/- acres) concurrent with the apartments on
the east side of Michael Blake Blvd. on donated land by the
Developer (6.55 +/- acres - value-$2,613,600)
Access points and street frontage to be constructed
Build new streets and/or road improvements, then convey those to
the city
Concurrent with the initial phase of the project, construct a
roundabout on the intersection of Tree Swallow and Michael Blake
Blvd. The eastern side of the roundabout will be stubbed out for the
future continuation of the Tree Swallow Drive to the east and the
road will conveyed to the city.
Jan 9, 2017 DA:
3 (a) Project obligation to construct collector roads with impact fee
credits to be applied to the apartments then any credit balance goes
to the Future Development on the east side of Michael Blake Blvd.
3 (b) The city hereby agrees that the final adjusted City arbor fee for
the Project (not just the initial phase) shall be $149,660.
3 (e) in consideration for the City agreeing to the terms and
conditions herein, Developer agrees to conveyance 2.2 acres on
Tuscawilla Road & Tree Swallow across from the Fisher Medical
Building. (land Value - $1,629,144)
The number of MF dwelling units now limited to 283 for the entire
Property and the East side of the Concept plan will be replaced with
commercial
Trees and replacement credit for both sides of Michael Blake Blvd.
including 213 trees on the east side
Commitment and letters of credit for the maintenance of the roads
for at least 2 years
In total, the conservative cost estimate of the conveyance of 2 major
land parcels, new collector roads and road improvements and their
conveyance to city, arbor fees and credits, the Property (45 acres)
master stormwater retention construction, construction of the lift
station and extension of utility lines throughout the Property, is over
$9,000,000.
These plans were negotiated by the City and Developer and
incorporated in both Developer agreements which are contracts to
be relied on by everyone.