Interlocal Agreement – Transportation Impact Fees

Interlocal Agreement – Transportation Impact FeesCity Council MeetingJuly 16, 2013

Background Northeast Palm Coast Corridor Projects

Matanzas High SchoolMatanzas

Woods Interchange

Old

King

s Roa

d Ex

tens

ion

Palm Harbor Parkway Extension

Background

• Progress in completing the projects:

• City and County worked with the Florida Department of Transportation (FDOT) to fully fund the construction of the Matanzas Woods Parkway/I-95 Interchange,

• Executed ILAs between City and County to fund design of the Old Kings Road Extension with County to administer the design phase,

• Land acquisition for floodplain compensation & Right of Way for Palm Harbor Extension – (est. closing date by end of July),

• The proposed ILA is a continuation of the coordination of efforts between the City and County to complete the Northeast Palm Coast Corridor projects

Interlocal Agreement-Details

• Amount – Approximately $3.5 million (Agreement will close the County impact fee fund with a $0 balance at completion of projects)

• Availability of funds:

• $1.5 million immediately after execution of ILA,• $1.5 million after reimbursement of wetland mitigation costs from

FDOT (County will apply for reimbursement no later than 45 days after payment of wetland mitigation credits),

• Remaining balance of about $500,000 becomes available upon receipt of the final reimbursement payment from the FDOT for the design phase of the Old Kings Road extension project.

Interlocal Agreement-Details

• Allowable Projects/Expenses

• Per Section 3 - Exhibit 1 – Identifies items approved for reimbursement by the County to the City within sixty days of the Effective Date of this Agreement

• City has provided back-up documentation for reimbursement of pre-approved project costs

• Section 3 – Expenditures related to transportation capacity improvements for Palm Harbor Parkway and Old Kings Road are qualified for reimbursement request

Interlocal Agreement-Details

Land Transfers

June 1, 2014 – US-1 to Bird of Paradise1. After completion of bike path 2. Delineation of limited access boundary

(property to be transferred to FDOT)

After acceptance by FDOT of Interchange Project:1. Balance of Matanzas Woods Pkwy.2. Old Kings Road Extension & Interchange lands

Interlocal Agreement-Details

• Jurisdiction and maintenance responsibility includes, stormwater, mitigated/protected wetlands, conservation easements, trails/sidewalks, and any floodplain or other regulatory agency requirements related to the roadways.

• The City will accept those lands with existing and past mitigation requirements after successful criteria have been found acceptable by the applicable agency. The County agrees to remain responsible for the open mitigation requirements associated with the Matanzas Parkway Overpass Construction project until the mitigation has been found acceptable by the applicable agency (SJRWMD or ACOE).

• The City shall be required to permanently waive or provide credits against any current or future stormwater fees or other City assessments for the parcels retained by the County.

Interlocal Agreement-Details

• Restrictions prohibiting the sale or transfer of any property granted for transportation purposes without the County’s written approval and requiring the net proceeds of any approved sale or transfer be paid to the County;

• Additionally, lease fees or other revenues generated on any property transferred by the County to the City shall be required to be provided to the County, excluding those lease fees or revenues generated from providing City recreational activities to the public.

• To complete the Matanzas Woods Parkway Interchange project, the City shall within sixty (60) days of the Effective Date of this Agreement, provide the additional land needed for floodplain compensation caused by the impacts created by the Interchange improvements. (8.317 acres purchased by City for $71,000)

Interlocal Agreement – Transportation Impact FeesCity Council MeetingJuly 16, 2013