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Manatee County Government Administrative Center Commission Chambers, First Floor 9:15 a.m. - January 10, 2017
January 10, 2017 - Regular Meeting
Agenda Item #10


Subject
Assignment of Pulte Homes Impact Fee Credit Authorization #CA-15-01(T) to HC PROPERTIES II, LLC, Impact Fee Credit

Briefings
None

Contact and/or Presenter Information
Sharla Fouquet
Impact Fee Program Manager
748-4501, Extension 3966

Action Requested

Authorization for Chairman to execute amendment of Impact Fee Credit Authorization #CA-15-01(T) transferring the remaining credit balance to amended Impact Fee Credit Authorization, #CA-15-01(T)(R).



Enabling/Regulating Authority

Manatee County Comprehensive Plan
5.1 Traffic Circulation Element - Future Major Roadways

Land Development Code
Chapter 11 - Impact Fees
Section 1106 - Credits Against Impact Fees



Background Discussion

Chapter 11, Section 1106 of the Manatee County Land Development Code, provides for authorization by the Board of County Commissioners for Impact Fee Credits for contributions, payments, construction, or dedications made to Manatee County against applicable components of impact fees.  Sections 1106.2.B.3. and 1106.2.D. of the Manatee County Land Development Code stipulate that impact fee credits may be assigned to any entity and used by the assignee to offset impact fees in the same benefit district as that in which the construction of improvements was made.  Such assignments are to be memorialized by an amendment to the credit authorization, and approved by the Board of County Commissioners of Manatee County.

Impact Fee Credit Authorization #CA-15-01(T) was originally approved by the Board of County Commissioners for Pulte Homes on January 26, 2016, and amended on August 23, 2016, with additional credit.  Pulte was awarded a total of $1,103,023.61 in transportation impact fee credit for road improvements in Northeastern Manatee County. This was for the construction of Harrison Ranch Blvd., a thoroughfare in the Parrish area. Pulte Homes has now agreed to assign $94,592.50 in credit to HC Properties II, LLC.  Pulte Homes has provided the County with a notarized assignment authorizing the transfer of these credits to HC Properties II, LLC.  As Pulte previously assigned part of credit #CA-15-01(T) to HC Properties (Credit Authorization CA-15-01(T)(R)), staff recommends that the additional assignment be transferred to HC Properties' existing credit.  HC Properties' additional credit will be authorized for use only in Transportation Benefit District “NE.”

The “parent” fee credit authorization, CA-15-01(T), will be closed out once this assignment has been completed.



County Attorney Review
Not Reviewed (Utilizes exact document or procedure approved within the last 18 months)

Explanation of Other


Reviewing Attorney
N/A

Instructions to Board Records

Please send original copies of all executed documents to Sharla Fouquet, County Administration Department (Manatee County Administration Building).



Cost and Funds Source Account Number and Name
N/A

Amount and Frequency of Recurring Costs
N/A


Attachment:  Amended FAC II - Pulte Homes.pdf
Attachment:  New FAC II - HC Properties II, LLC.pdf
Attachment:  CA-15-01(T)(R) assignment.pdf