CITY OF ORLANDO
COUNCIL AGENDA ITEM

Items Types:
Transportation 		For Meeting of:
June 25, 2018
District: 4 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No
Subject:
A Developer's Agreement Regarding the Payment of Transportation Impact Fees for a qualifying Transit Oriented Development (TOD) known as TownPlace Suites by Marriott, located at 51 Columbia Street
Summary:

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 TownPlace Suites by Marriott Project has submitted an application for review and approval as a designated TOD. The project consists of a 6-story, 110-room hotel, as identified in Municipal Planning Board case ZON2017-00013, and is located at 51 Columbia Street, in the City's Southwest Transportation Benefit Area.

Based on the qualifying characteristics of the project, City staff shall support a 25% 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 $92,866.30 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 Ottini, F. J. Flynn, Roy Payne
Approved By:

Department Date and Time
Budget Outside Routing Approval 6/14/2018 9:59 AM
City Clerk 6/14/2018 10:02 AM
ATTACHMENTS:
Name: Description: Type:
TOD.Agr.TownePlace_Suites__3-2018.doc TOD Agr.TownPlace Suites Backup Material
TOD_Fiscal_Impact_Statement-TownPlace_Suites.doc TOD Fiscal Impact Statement Backup Material
"Enhance the quality of life in the City by delivering public services in a knowledgeable, responsive and financially responsible manner."