|Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - November 18, 2014|
Agenda Item #31
Partial Assignment of Manatee Ventures, Inc., Impact Fee Credit Authorization #CA-07-02(T)
Contact and/or Presenter Information
Impact Fee Program Manager
748-4501, Extension 3966
Authorization for Chairman to execute amendment of Impact Fee Credit Authorization #CA-07-02(T), transferring a portion of the remaining credit balance to a new Impact Fee Credit Authorization, #CA-07-02(T)(R).
MANATEE COUNTY COMPREHENSIVE PLAN 5.1 TRAFFIC CIRCULATION ELEMENT - FUTURE MAJOR ROADWAYS LAND DEVELOPMENT CODE, CHAPTER 8 - IMPACT FEES, SECTION 807 - CREDITS
Chapter 8, Section 807, 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 807.2.2.3. and 807.2.4. 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-07-02(T) was originally approved by the Board of County Commissioners on January 8, 2008, awarding $600,171.44 in road impact fee credits to Manatee Ventures, Inc., for construction of the Honore Avenue extension in southeastern Manatee County.
Manatee Ventures and D R Horton have provided the County with an executed agreement authorizing the transfer of $140,000.00 of these credits from the former to the latter. Staff therefore recommends that a new impact fee credit authorization, CA-07-02(T)(R), be established to assign $140,000.00 in road impact fee credit to D R Horton. The existing impact fee credit authorization, CA-07-02(T), which will remain under the control of Manatee Ventures, will be reduced by the amount of the assignment.
County Attorney Review
Not Reviewed (Utilizes exact document or procedure approved within the last 18 months)
Explanation of Other
Instructions to Board Records
Please send original copies of all executed documents to Sharla Fouquet, Financial Management Department (County Administration Building, 9th Floor).
Cost and Funds Source Account Number and Name
Amount and Frequency of Recurring Costs
Attachment: Amended FAC Manatee Ventures.pdf
Attachment: New FAC D R Horton.pdf
Attachment: Agrmt - Assign IF Crs Manatee Ventures to Horton.pdf