Items Types:
Economic Development
For Meeting of:
May 12, 2014
District: 3 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No

Developer's Agreement regarding the payment of Transportation Impact Fees for a qualifying Transit Oriented Development known as Bio-research Center at Health Village - 2322 Dade Avenue

In October of 2012 the Orlando City Council adopted a code provision allowing for a reduction in Transportation Impact Fees for qualifying development sites, to reflect the lessened traffic impacts of a Transit Oriented Development (TOD).

The Developer for the Bio-research Center at Health Village has submitted an application for review and approval as a designated TOD. The project located at 2322 Dade Avenue, in the City's North Transportation Benefit Area, and consists of 145,085 square feet of office space and 2,278 square feet of retail space, as identified in the "design development package", dated 4/16/13.
Based on the qualifying characteristics of the project, City staff shall support a 60% reduction to the Transportation Impact Fee assessment. The attached agreement outlines the qualifying criteria for the fee reduction. Following approval by the City Attorney's Office and the Orlando City Council, a reduced Transportation Impact Fee in the amount of $168,443.62 shall be due, prior to permit issuance.

Fiscal & Efficiency Data:
See Attachment

Recommended Action:
Approval of the agreement in the form attached 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: Nancy Jurus-Ottini
Approved By:

Department Date and Time
Budget Outside Routing Approval 5/1/2014 11:53 AM
City Clerk 5/1/2014 12:29 PM

Name: Description: Type:
TOD_Fl_Hosp_Bio-research_Cen_-_Trans_Imp_Fee_Agre_4-29-2014....doc Developer's Agreement Backup Material
Fiscal_Impact_Statement_4-24-2014_Bio-research_Cen_-_Dade_Avenue.doc Fiscal Impact Statement Backup Material

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