|
Summary:
Section 56.15(I), City Code, provides that any development defined as a Transit Oriented Development (TOD) is exempt from the payment of transportation impact fees to the extent that certain criteria are met. Jefferson Eola, LLC, is the owner of a approximately 1.83 acres of property at 420 Church Street. Jefferson is developing the property as a 299 unit multi-family residential (and 10,664 square feet retail) project, "Project". There are five elements of the City's TOD exemption and City staff have determined that Jefferson meets all five and is therefore entitled to a 100% exemption from payment of the transportation impact fee for the Project. |
|
|
Fiscal & Efficiency Data:
|
|
Recommended Action:
Approval of the attached Agreement and authorization for the Mayor or Mayor Pro Tem to execute same, subject to review and approval by the City Attorney's Office. |
|
|
|
|
|
Agenda Item attachment(s) on file in the City Clerks Office.
|
|
|
Note:
All agenda items must
be in the City Clerk's office by Noon Friday, six(6) business days prior to the
regular Monday City Council meeting.
|
|
|
Contact:
Roy K. Payne, Myra Monreal
|
Approved By:
|
|
|
Department
|
Date and Time
|
| Budget Outside Routing Approval |
1/31/2014 3:05 PM |
| City Clerk |
1/31/2014 3:08 PM |
|
|
|