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Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - November 17, 2015
REVISED November 17, 2015 - Regular Meeting
Agenda Item #13


Subject
Assignments of Impact Fee Credits From Creekwood Estates, LLC, and M & S, LLC, to D R Horton #CA-03-02(T)(R) to #CA-03-02(T)(R6), #CA-03-03(T)(R) to #CA-03-03(T)(R4)

Briefings
None

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

Action Requested
Authorization for Chairman to execute amendments of Impact Fee Credit Authorizations #CA-03-02(T)(R) and #CA-03-03(T)(R), transferring all or part of the remaining credit balances to two new
Impact Fee Credit Authorizations, #CA-03-02(T)(R6) and #CA-03-03(T)(R4).



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.

The following two impact fee credit authorizations were originally approved by the Board of County Commissioners on August 23, 2005, for right-of-way dedication in the Creekwood DRI in
southeastern Manatee County:

CA-03-02(T)(R)    Creekwood Estates, LLC        $190,800.00    
CA-03-03(T)(R)    M & S, LLC                          $203,600.00

At this time, Creekwood Estates, LLC, and M & S, LLC, have provided the County with notarized assignment documents authorizing the transfer of some of these credits to a successor developer, D. R. Horton.  Staff therefore recommends that two new impact fee credit authorizations be approved to assign the following road impact fee credits to D. R. Horton:  

CA-03-02(T)(R6)        $76,365.13    
CA-03-03(T)(R4)        $51,627.57

The original impact fee credit authorizations will be reduced by the amount of these assignments.

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, Financial Management Department (County Administration Building, 9th Floor).

Cost and Funds Source Account Number and Name
N/A

Amount and Frequency of Recurring Costs
N/A


Attachment:  Assignments.pdf
Attachment:  Amended FAC 03-02(T)(R) Crkwd Est.pdf
Attachment:  Amended FAC 03-03(T)(R) M&S.pdf
Attachment:  New FAC 03-02(T)(R6) Horton.pdf
Attachment:  New FAC 03-03(T)(R4) Horton.pdf