HomeMy WebLinkAbout2012-001 Parkway Plaza JOSEPH E. SMITH. CLERK OF T3iE C1i2CUIT COURT
SAINT LUClE COUNTY
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~ 12-001
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9 A ROAD IMPACT FEE CREDIT AGREEMENT BETWEEN ST.
10 LUCIE COUNTY, FLORIDA, AND PARKWAY PLAZA
11 PARTNERSHIP, A FLORIDA GENERAL PARTNERSHIP UNDER
12 THE FLORIDA UNIFORM PARTNERSHIP ACT, IN
13 CONSIDERATION FOR CERTAIN RIGHT-OF-WAY DEDICATIONS
14 AT THE INTERSECTION OF WINTER GARDEN PARKWAY AND
15 THE TURNPIKE FEEDER ROAD (SR-713) IN UNINCORPORATED
16 ST. LUCIE COUNTY.
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18
19 This Agreement is made and entered into as of this 21St day of Februarv , 2012, by and
20 between St. Lucie County, Florida, a political subdivision of the State of Florida, hereinafter
21 referred to as "County" and Parkway Plaza Partnership, A Florida General Partnership
22 Under The Florida Uniform Partnership Act, hereinafter referred to as "Parkway", whose
23 address is % EC Norris Enterprises, 4731 N. A-1-A, Vero Beach, Florida, 32963-5401.
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26 WITNESSETH:
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28 WHEREAS on February 14, 2012, Parkway received approval from the St. Lucie County
29 Planning and Development Services Director, through PDS No. 12-002 for Minor
30 Adjustment #3 to the previously approved Site Plan project known as Parkway Plaza,
31 located at the intersection of Winter Garden Parkway and the Turnpike Feeder Road (SR-
32 713) in unincorporated St. Lucie County, and as more particularly described in the attached
33 Exhibit A of this Agreement; and,
34
35 WHEREAS, "Parkway" is seeking to replat the property described in the attached Exhibit "A"
36 of this Agreement; and as part of that replat will be conveying to St. Lucie County portions
37 of the property for the future right-of-way needs of Winter Garden Parkway and the Turnpike
38 Feeder Road (SR-713) (see attached Exhibit "B").
39
40 WHEREAS, the County has adopted a"Roads Impact Fee Ordinance" which imposes
41 impact fees relating to public transportation facilities; and,
42
Impact Fee Credit Agreement - 12-001 Page 1
Parkway Plaza (Lakewood Park) February 21, 2012
1 WHEREAS, "Parkway", is desirous of obtaining a credit against the required County Road
2 Impact Fees due from the Parkway Plaza development site; and,
3
4 WHEREAS, both Winter Garden Parkway and the Turnpike Feeder Road (SR-713) are part
5 of the County's Roads Impact Fee Eligibility network; and,
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7 WHEREAS, this Board does hereby determine that the right-of-way dedications required
8 from "Parkway" for Winter Garden Parkway and the Turnpike Feeder Road (SR-713) are
9 non-site related right-of-way dedications and that such dedications are to the benefit of the
10 County and public at large; and,
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12 WHEREAS, based on the provisions of Section 1-17-33:1(c) of the Code of Ordinances of
13 St. Lucie County, the value of the dedicated right-of-way for Winter Garden Parkway and
14 the Turnpike Feeder Road (SR-713), is computed as follows (refer to attached Exhibit "C"):
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Right-of-Way Value Computation
parent parcel ID number(s) 1301-615-0044-000/5 (Winter Garden & Tpk Feeder Rd)
assessed value (2010 tax vear) $175,500
Land $175,500
Building $0
acres (before acquisition) 1.07 acres
sq ft(before acquisition) 46,609 sq ft
value acre (land) -(before acquisition) $164,019 per acre
value sq ft(land) -(before acquisition) $3.77 per sq ft
road impact fee credit
area of acquisition 0.102 acres
4,443 sq ft
parent property value (2010) $164,019 / acre
$3.77 / sq ft
value of area of acquisition @ 120% of
appraised value to be determined as follows
.3.77 " 1.2) " 4,443 = X
$20,076 credit amt.
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Right-of-Way Value Computation
parent parcel ID number(s) 1301-615-0046-000/9 (Tpk Feeder Rd)
assessed value (2010 tax year) $99,100
Land $99,100
Impact Fee Credit Agreement - 12-001 Page 2
Parkway Plaza (Lakewood Park) February 21, 2012
Building $0
acres (before acquisition) 0.61 acres
sq ft(before acquisition) 26,572 sq ft
value acre (land) -(before acquisition) $162,459 per acre
value sq ft(land) -(before acquisition) $3.73 per sq ft
road impact fee credit computation
area of acquisition 0.032 acres
1,394 sq ft
parent property value (2010) $162,459 / acre
$3.73 / sq ft
value of area of acquisition @ 120% of
appraised value to be determined as follows
---($3.73"1.2)"1,394=X
$6,238 credit amt.
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COMBINED PARCEL VALUES
parcel ID number(s) total credit
1301-615-0044-000/5 (Winter Garden & Tpk Feeder Rd) $20,076
1301-615-0046-000/9 (Tpk Feeder Rd) $6,238
$26, 314
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5 NOW, THEREFORE, in consideration of the mutual covenants entered into be to be
6 made and performed, and in consideration of the benefits to accrue to agreed as follows:
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9 Section 1 Incorporation by Reference.
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11 The above recitals are true and correct and made a part of this Agreement by reference.
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14 Section 2. Amount of Road Impact Fee Credit.
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16 Under the criteria set forth in Section 1-17-33.1 of the Code of Ordinances of St Lucie
17 County, "Parkway" is entitled to a Roads Impact Fee Credit in the amount of twenty-six
18 thousand, three hundred and fourteen dollars 26,314.00) for the right-of-way
19 dedications required for Winter Garden Parkway and the Turnpike Feeder Road (SR-713).
Impact Fee Credit Agreement - 12-001 Page 3
Parkway Plaza (Lakewood Park) February 21, 2012
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2 Section 3. Limitation of Credit/ Applicability
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4 The credit established by this Agreement is limited solely to the property legally described in
5 the attached Exhibit "A", and is not transferable to any other property owned by "Parkway"
6 in the County.
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8 The credit established by this Agreement may only be applied against Roads Impact Fees
9 and shall not be transferable as a credit against other impact fees imposed for purposes
10 other than roads.
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12 "Parkway" acknowledges that, based on the provisions of Section 1-17-33.1 (b) (3) of the
13 Code of Ordinances of St. Lucie County, the Roads Impact Fee Credit not shall exceed the
14 total amount due for the County Roads Impact Fees, as may be required from the property
15 described in the attached Exhibit "A".
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17 Section 4. Assignability of Credit.
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19 "Parkway" may assign all or part of the credit described in Section 3 above to its successors
20 in title and interest to the property described in the attached Exhibit "A". Such assignment
21 shall be by recordable written instrument. Before the assignment is effective, a copy of the
22 assignment shall be provided by "Parkway" to the County, at the address set forth below
23 and the original assignment shall be recorded in the public records of the County:
24
25 St. Lucie County Administrator
26 2300 Virginia Avenue
27 Ft. Pierce, Florida 34982
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29 St. Lucie County Attomey
30 2300 Virginia Avenue
31 Ft. Pierce, Florida 34982
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34 Section 5. Recordability of Agreement.
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36 This agreement shall be recorded by the County in the public records of St. Lucie County
37 and shall be binding upon "Parkway" and any successors in interest and title to the property
38 described in described in the attached Exhibit "A".
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40 Section 6. Termination of Agreement.
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42 This agreement shall be effective until all of the Road Impact Fee Credits authorized under
43 Section 2 have been consumed through the issuance of a building permit, or similar
44 development approval.
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Impact Fee Credit Agreement - 12-001 Page 4
Parkway Plaza (Lakewood Park) February 21, 2012
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2 IN WITNESS WHEREOF, the parties hereto have executed this agreement as of the day and
3 year first above written.
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6 Signed, sealed and delivered in the presence of:
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Attest: F~~,~N_. Board of County Commissioners
St. Lucie Coun , FI ri ~ "
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Deputy C ~ ~ ~ q~ . By: _ ~
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Approved as to rrectness and F m
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By: { ,
County Att n y
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Impact Fee Credit Agreement - 12-001 Page 5
Parkway Plaza (Lakewood Park) February 21, 2012
Witn ss: Parkway Plaza Partnership, A Florida General
Partnership Under The Florid niform
Partne Act
.
.
'r~ ~ ene A. Gargaro, Jr., I ividua an
Trustee
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STATE OF
~+r;dU.
COUNTY OF ~
The foregoing instrument was acknowledged before me this day of JG~~'1U(A.V
2012, by ~V(~,,~~~r ~ ~ r. who is p
nown to or who s produced ~ as identification.
' r ~zzo
Sig ature of Notary Type or Print Name of Notary
VICKI T. TOZZOLO Commission Number (Seal)
~s Commission DD 754252
4 ~ Expires May 3, 20~2
„~',c , Baded TMu Tmy F~n Irourance 800~31~7019
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Impact Fee Credit Agreement - 12-001 Page 6
Parkway Plaza (Lakewood Park) FebruaryA, 2012
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Witness: Parkway Plaza Partnership, A Florida General
Partnership Under The Florida Uniform
Partnership Act
,
,
By:
C~ ~ ichard A. Ma ogian, Individually and
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STATE OF l~Yl j~ ~ G~~
COUNTY OF ~~Q~
The foregoing instrument was acknowledged before me this p~~~ day of Jqh(~~(,
2012, by ~„c~C~'~ ~,~(,~/~p pe~ who is personally
k w to me or who as pro uced as identification.
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Signature tary pe or Print Nam of Notary
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~ , Commission Number (Seal)
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9 NOTARI' PI~UC, STATE OF MI
OOI~fTY OF WAYPE
1~ AL'~q
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~S ~ 2, 2013
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impact Fee Credit Agreement - 12-001 Page 7
Parkway Plaza (Lakewood Park) February.7, 2012
ZI
Witness: Parkway Plaza Partnership, A Florida General
Partnership Under The Florida Uniform
Partnership Act
~ ` ~,~~1,. ~Cg~~°~/
By:
~ ~ E. Clifford Norris, Individually and as
~?~-o a ~ ~ ~ , Trustee
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STATE OF - G~
COUNTY OF • r~ . ,
The foregoing instrument was acknowledged before me this a~ day of ~~r~
2012, by -C~_ '~d xf; S who is pers al~
kn n to m or who has produced as identification.
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Signature of Notary T e or Print Name of Notary
1~.'~~ VICKI T. TOZZOLO
` Commission DD 754252
~ ~ • ~ BaM~idTlwT~iinkwnrc~A049B5~7019
Commission Number (
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Impact Fee Credit Agreement - 12-001 Page 8
Parkway Plaza (Lakewood Park) Februaryr7; 2012
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z Exhibit A
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4 Legal Description
s
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7 ~IT.E LEGAL DE~CRIPTI~N:
8 _
9 Being all of Lots 1 Thru 8, inclusive, Block 169, according to the Plat of Lakewood Part - Unit 12r1, as
10 Recorded in Plat Book 11, Pages 35-37, Public Records of St. Lucie County, Florida
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12 Section 3 Township 34 Range 39E
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16 5~~,";~ ACERAGE:
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18 2.86 (more or less)
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20
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22 PARCEL ,~~T~BE,_RS:
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Impact Fee Credit Agreement - 12-001 Page 9
Parkway Plaza (Lakewood Park) February 21, 2012
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PARKWAY PLAZA PLAT N0. 1
o~ BEING A REPLAT OF LOTS 1 TARU 8, BLOCK 169, ACCORDING TO THE PLAT OF LAKE~VOOD PARK-UNIT 12A,
AS RECORDED IN PLAT BOOK 11, PAGES 35-37, LYING IN SECTION 12, TOA'NSHIP 34 SOUTH, RANGE 39 EAST,
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4 Parkway Plaza Re-plat
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s Exhibit C
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~o Existing Parcel ID Map
Impact Fee Credit Agreement - 12-001 Page 11
Parkway Plaza (Lakewood Park) February 21, 2012
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Le end P~ce~io ownerName Figure IV-6
9 1307-6t5-OOb0-000.5 EugeneAGMgaroJr/RlcneltlAMenDOgafl,
1301-615-OOOE0069 EugeneAGargmoJf/Ric~aMAManooqan,
Q Parlcway Plaza ~~~.61SOD4&0063 EU9eneAGargaloJr/RfChaYtlAManOO~an, P~Op~~ ID M~`JS
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Impact Fee Credit Agreement - 12-001 Page 12
Parkway Plaza (Lakewood Park) February 21, 2012