CITY OF ORLANDO
COUNCIL AGENDA ITEM

Items Types:
Economic Development 		For Meeting of:
December 7, 2015
District: 5 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : No Draft Only: No
Grant Received by City?: No
Subject:
Transportation Impact Fee Agreement regarding Transit Oriented Development (TOD) between City of Orlando and JAG Development Company
Summary:

JAG Development Company, LLC, "JAG," is developing approximately 1.8 acres of property located at 520 Church Street, as a mixed-use development, consisting of 356 residential units and 14,081 sq. feet of retail, "Project".  In conjunction with development of the Project, JAG has requested an exemption to the payment of Transportation Impact Fees based on the Project's status as a Transit Oriented Development, "TOD."  City staff have reviewed the application and determined that based on Section 56.15(I), City Code and the Planned Development Ordinance associated with the Project, the Project qualifies as a TOD and is entitled to a 100% exemption to the payment of Transportation Impact Fees.
Fiscal & Efficiency Data: Agreement will result in a projected loss of revenue for the North Transportation Impact Fee Fund 126, in the amount of $855,208.
Recommended Action:
Approval of the attached Agreement and authorization for the Mayor or Mayor Pro Tem to executes 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, Nancy Juris-Ottini
Approved By:

Department Date and Time
Budget Outside Routing Approval 11/25/2015 1:47 PM
City Clerk 11/25/2015 2:26 PM
ATTACHMENTS:
Name: Description: Type:
EDV-CITY_TOD_with_Jefferson_Comments_(1)_(1).pdf TOD Agreement Backup Material
EDV_-_TOD-JAG_Exhibit_A.docx Exhibit A Backup Material
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