|Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - November 7, 2013|
Agenda Item #2
Schroeder-Manatee Ranch, Inc., Lakewood Ranch Stewardship District, and SMR North 70, LLC: Multiple Applications for Road Impact Fee Credit (Note: Related to the Northwest Sector/Lakewood Centre LDA to be presented later in this meeting)
Contact and/or Presenter Information
Impact Fee Program Manager
748-4501, Extension 3966
Authorization for Chairman to execute Impact Fee Credit Authorizations and Final Authorizations of Road Impact Fee Credit totaling $12,229,595.00 for fourteen (14) capital contributions (right-of-way dedications and road improvements) made by Schroeder-Manatee Ranch, Inc., and the Lakewood Ranch Stewardship District. Per assignments authorized by these entities, execute all Credit Authorizations and Final Authorizations of Credit referenced herein on behalf of SMR North 70, LLC.
MANATEE COUNTY COMPREHENSIVE PLAN 5.1 TRAFFIC CIRCULATION ELEMENT / FUTURE MAJOR ROADWAYS / LAND DEVELOPMENT CODE CHAPTER 8 / IMPACT FEES SECTION 807 / CREDITS
As of the date of the preparation of this agenda item, two public hearings have been scheduled for a Local Development Agreement (LDA) regarding SMR North 70, LLC's Northwest Sector/Lakewood Centre DRI.
The second of the two hearings is on this November 7, 2013 Land use agenda. This Impact Fee Credit Authorization is requested pursuant to the terms of the LDA referenced above.
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 assessed for future construction. .
From April, 2004, to September, 2011, Schroeder-Manatee Ranch, Inc. (SMR) and the Lakewood Ranch Stewardship District (LWRSD) made 14 capital contributions, involving land dedication and road construction/improvements, that increased the capacity of major thoroughfares in southeastern Manatee County. Rather than applying for impact fee credits as these dedications/improvements were made, SMR made one large submission for credit in June, 2011. As there is no expiration of eligibility for impact fee credit once a developer has made a capital improvement to County infrastructure, staff has reviewed the entire submission and determined what it believes is the total value of road impact fee credit to which SMR is entitled.
In addition to approval of the requested road impact fee credits, SMR and LWRSD are requesting that all of these credits be assigned to SMR North 70, LLC. As part of the Northwest Sector/Lakewood Centre Local Development Agreement being presented and considered later in this meeting, the use and disposition of these credits will be discussed in greater detail.
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 a certified copy 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: 1 Summary IFCRs Requested by SMR.pdf
Attachment: 2 IFCA Applications from SMR.pdf
Attachment: 3 Maps.pdf
Attachment: 4 ROW Conveyances & Appr Revws.pdf
Attachment: 5 Construction Costs & Reviews.pdf
Attachment: 6 Asgnmt SMR to SMR North 70 LLC.pdf
Attachment: 7 Asgnmt LWRSD to SMR North 70 LLC.pdf
Attachment: 8 Cr Auth Docs for Execution by BCC.pdf
Attachment: 9 Final Auths of Cr for Execution by BCC.pdf