|Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - June 6, 2017|
Agenda Item #12
Assignment of Cargor Partners VIII-Long Bar Pointe LLLP; Long Bar Pointe, LLLP/Aqua/Seagrass Transportation Impact Fee Credit Authorization #CA 16-01(T) to Legends Bay Real Estate, LLC
Contact and/or Presenter Information
Authorization for the Chairman to execute amendment of Impact Fee Credit Authorization #CA-16-01(T), assigning the entire credit to a new Impact Fee Credit Authorization, #CA-16-01(T)(R).
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
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-16-01(T) was originally approved by the Board of County Commissioners on October 6, 2016, awarding $1,131,550.00 in transportation impact fee credits to Cargor Partners VIII-Long Bar Pointe LLLP; Long Bar Pointe, LLLP/Aqua/Seagrass for Right-of-Way dedication and Stormwater Easements for extension of El Conquistador Parkway.
Cargor Partners VIII-Long Bar Pointe LLLP; Long Bar Pointe, LLLP has provided the County with an executed and notarized agreement authorizing the transfer of all of these credits to Legends Bay Real Estate, LLC. Staff therefore recommends that a new impact fee credit authorization, CA-16-01(T)(R), be established to assign all of Cargor Partners VIII-Long Bar Pointe LLLP; Long Bar Pointe, LLLP's transportation impact fee credit to Legends Bay Real Estate, LLC. The newly assigned credit will be eligible for transportation impact fee credit in Impact Fee Benefit District "SW." The "parent" impact fee credit authorization, CA-16-01(T), 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 Elaine Barker, County Administration, Impact Fee Division (County Administration Building, 3rd Floor).
Cost and Funds Source Account Number and Name
Amount and Frequency of Recurring Costs
Attachment: New FAC Legends Bay Real Estate.pdf
Attachment: Notarized Assignment Cargor to Legends Bay.pdf
Attachment: Amended FAC - Cargor.pdf