The attached agreement allows an alternative school impact fee rate for Broadstone Lakehouse. This project will be located on 301 N. Ivanhoe Blvd. E.; south of New Hampshire St., west of N. Orange Ave., east of Gurtler Ct. and north of N. Ivanhoe Blvd. E. with ±2.42 acres. The project consist of a 9-story mixed use development with 260 multi-family units, 35,732 sq. ft. of commercial/office use and structured parking, see MPL2017-00006 approved on April 18, 2017.
Orange County Code allows a property owner to submit an alternative study to demonstrate that the impact to the school system resulting from the proposed development is less than the County-wide rate. On July 9, 2020, the County conditionally accepted the owner’s Alternative Impact Fee Calculation with an anticipated Alternative Impact Fee Calculation of $307 per unit rate for a total of $77,364.00 for 252 units.
The attached agreement is a four-party agreement between the owner, the City, Orange County Public Schools, and Orange County. The School Board approved the agreement on their October 13, 2020 meeting. After approval by the City, it will be transmitted to the County for final approval and recording.