HomeMy WebLinkAboutSpringhill Suites Site PlanOk, this is where we are. I just spoke with John Pekar and he is giving
me an estimate of approximately $890k for the streetscaping on Central
from A1A to Thurm Blvd. Right-of-way is 1500 feet long and 60 feet wide.
This cost includes $250k for milling and resurfacing, $150k for 10 solar
street lights, $180k for relocating the sewer to the median and $60k for
landscaping/pavers.
The parcel being considered for site plan approval has approximately
875’ of frontage on W. Central – roughly 60 percent of the total length
(1500’). This works out to be roughly $535k. As we have discussed, the
ideal situation will be for County transportation impact fees to cover
this cost. We estimated that the two hotel projects on the site will
generate roughly $900k in transportation impact fees. Obviously enough
to cover the cost of the proposed improvements. However, should there be
an unforeseen situation that results in the County denying the request
to allocate the impact fees to Central, a backup plan needs to be
generated.
In this particular situation, the City will look to the developer to
fund the outlined improvements. If impact fees can be used, a larger
scope to the project can be utilized. However, if County impact fees are
not available, the developer will only be responsible for improvements
along the frontage of the subject parcel ($535k). These improvements
will need to be completed by CO of the 1st hotel. These provisions will
need to be attached to the site plan approvals as conditions.
Let me know if you want to discuss. Dave
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