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HomeMy WebLinkAbout2026-009 - Mattamy Palm Beach MICHELLE R.MILLER,CLERK OF THE CIRCUIT COURT SAINT LUCIE COUNTY FILE# 5643566 07/10/2026 12:55:44 PM OR BOOK 5502 PAGE 93-105 Doc Type:AGR RECORDING: $112.00 RIF 2026-009 62_(o-D -t)5&q ROAD IMPACT FEE CREDIT AGREEMENT BETWEEN ST. LUCIE COUNTY BOARD OF COUNTY COMMISSIONERS AND MATTAMY PALM BEACH, LLC (ALTERNATIVELY REFERRED TO AS MATTAMY HOMES PALM BEACH, LLC) IN CONSIDERATION FOR THE CONSTRUCTION OF CERTAIN ROAD IMPROVEMENTS AND DONATION OF CERTAIN RIGHTS-OF-WAY IN CONNECTION WITH DEVELOPMENT OF THE MIXED-USE COMMUNITIES KNOWN AS "TRADITION,""SOUTHERN GROVE,"AND"WESTERN GROVE" This Road Impact Fee Credit Agreement (the "Agreement") is made and entered into this 2IT-4 day of 'DWI?, , 2026, by and between St. Lucie County, Florida, a political subdivision of the State of Florida (the "County"), and Mattamy Palm Beach, LLC (Alternatively referred to as Mattamy Homes Palm Beach, LLC.)a Delaware limited liability company,(the"Developer").The County and the Developer each sometimes referred to as a "Party" and collectively as the"Parties." WITNESSETH WHEREAS, the County entered into an Impact Fee Credit Settlement Agreement dated October 16, 2007 (the "Settlement Agreement")with Core Communities (the "Prior Developer")for certain rights- of-way (the "ROW Donations") and certain roadway improvements (the "Road Improvements") constructed or intended to be constructed within the southwest annexation area of the City of Port St. Lucie communities of Tradition, Southern Grove and Western Grove (the"Benefitting Properties"); and WHEREAS, on January 27, 2009, an Assignment and Direction Agreement (the "Assignment and Direction")was recorded in Official Records Book 3065, Pages 1878-1919, of the Public Records of St. Lucie County, Florida,from Core Communities, LLC.to the Tradition Community Development District No. 1. for assignment and direction regarding public road credits within Tradition District 1; and WHEREAS, the identified road segments in the Settlement Agreement are deemed eligible for Road Impact Fee Credits from the County in the amount of thirty-one percent(31%)of eligible expenses, pursuant to the terms of the applicable Settlement Agreement; and WHEREAS,the County has adopted a"Road Impact Fee Ordinance"which imposes impact fees relating to the need for future improvements and additions to the County Road System; and WHEREAS,Section 24-264(c)of the St.Lucie County Code of Ordinances provides for the County to consider the granting of credits for the donation of non-site related right-of-way along those roadways that meet a transportation capital need as identified in the County's Comprehensive Plan or in the County Transportation Planning Organization Long Range Transportation Plan, or appropriate to the implementation thereof; and WHEREAS, the roadway and capacity improvements made to Becker Road (Community Blvd. to Village Parkway)(collectively the"Improvements")were necessary to accommodate future growth, as set forth in the St. Lucie County Comprehensive Plan; and WHEREAS, the County and the Developer are entering into this Agreement granting credits against road impact fees to the Developer for the Improvements; and WHEREAS, based upon the provisions of Section 24-264(c) of the St. Lucie County Code, the County desires to grant credits against road impact fees for the actual cost to complete certain portions of the Improvements; WHEREAS, the cost of the completed Improvements that are eligible for consideration of Road Impact Fee Credit is $2,634,971.48 (the "Credit"), which amount has been adjusted based on the actual cost of completing the Improvements; and WHEREAS,the Developer is desirous of establishing the general method and amount of Credit that the Developer shall be entitled to for the value and costs associated with the road improvements; and WHEREAS,Chapter No.2019-165, Laws of Florida,which became effective on June 28,2019, provides in relevant part as follows with respect to impact fee credits (the "Florida Impact Fee Act") and applies to the Credits: "If a local government increases its impact fee rates,the holder of any impact fee credits, whether such credits are granted under s. 163.3180, s. 380.06, or otherwise, which were in existence before the increase, is entitled to the full benefit of the intensity or density prepaid by the credit balance as of the date it was first established. This subsection shall operate prospectively and not retrospectively." WHEREAS,the County increased some of its Roads Impact Fee rates effective October 1, 2022 (the "Roads Impact Fee Rate Increase") by virtue of Ordinance No. 22-009, which was adopted by the St. Lucie County Commission on April 19, 2022 (the "Ordinance"), with subsequent adjustments completed through September 30, 2026; and WHEREAS, the County and the Developer now desire to document how the Florida Impact Fee Act will be applied to the Credits allocated herein in connection with any future increases in road impact fee rates (including, without limitation, any annual increases in such rates based on changes in the Consumer Price Index), beginning with the January 1, 2026 adopted rates as a benchmark; and WHEREAS, the County conducted an audit of the Developer's submittal, including all invoices and supporting documentation; and WHEREAS, in response to the Developer's request for the Credits, the County conducted a comprehensive review of the submitted documentation, based on key audit assumptions, verification of invoicing and eligibility, and a final cost reconciliation, as further detailed below, has confirmed the Credit Developer is entitled to as set forth in this Agreement. NOW,THEREFORE, in consideration of the mutual covenants entered into between the Parties here to be made and performed, and in consideration of the benefits to accrue to each of the Parties, it is agreed as follows: Section 1. Incorporation by Reference. The above recitals are true and correct and are made a part of this Agreement by reference. Section 2. Amount of Road Impact Fee Credit. The Developer is entitled to a credit against the County Roads Impact Fees in the amount of Two Million Six Hundred Thirty-Four Thousand Nine Hundred Seventy-One Dollars and Forty-Eight Cents ($2,634,971.48), under the criteria set forth in Section 24-264(c) of the St. Lucie Code for the completion of certain Improvements graphically indicated in Exhibit "A" and specifically identified in Exhibit "B" attached hereto and made a part hereof. The Parties acknowledge and agree that the Credits against road impact fees were conditional upon acceptance of those Improvements by the City of Port St. Lucie, and the Developer has provided the County with documents showing the actual cost of the Improvements in sufficient detail for pre-audit and post- audit purposes. Section 3. Limitation of Credit. Except as provided in Section 4 below, the Credits established by this Agreement are limited solely to the property described below: Legal Description: The Western Grove, Southern Grove & Tradition Parcels as described in Official Records Book 4153, Pages 858-869, of the Public Records of St. Lucie County, Florida, and graphically identified as Exhibit"C". Parcel IDs: 4305-110-0000-000-6, 4305-333-0001-000-8, 4305-322-0001-000- 4, 4305-322-0002-000-1, 4306-311-0000-000-6, 4305-322-0002-000-1, 4305- 110-0000-000-6, 4315-700-0007-000-7, 4309-803-0008-000-1, et al. (collectively the "Property") The Credits granted through this Agreement may only be applied against the required Roads Impact Fees to be collected and shall not be transferable as a credit against other impact fees imposed for purposes other than roads. The Florida Impact Fee Act will be applied to the Credits as follows in connection with Roads Impact Fee Rate Increase and any future increases in Roads Impact Fee Rates (including, without limitation, any annual increases in such rates based on changes in the Consumer Price Index): a. The date that the Developer receives any amount of Credits is hereinafter referred to as a "Credits Receipt Date". b. When the Developer uses Credits: (i) as to any impact fee rates which are increased after the Credits Receipt Date for such Credits, the balance of the Credits will be increased by the percent increase of the impact fee rate upon the effective date of the rate increase, and as to any impact fee rates which are decreased after the Credits Receipt Date for such Credits, the Credits will be applied against the decreased impact fee rate in lieu of the rate that was in effect and payable by the Developer prior to the rate decrease. c. The Road Impact Fee rates in effect on the Credits Receipt Date for the Credits issued by this Agreement are attached herein as Exhibits "D-1" and "D-2". Section 4. Transferability and Assignability of Road Impact Fee Credits. Pursuant to s. 163.31801(10), Fla. Stat. (2022), the Credits are assignable and transferable at any time after establishment from one development or parcel to any other located within the same impact fee zone as the Property, as referenced by St. Lucie County Code Section 24-261(a), or that is within an adjoining impact fee zone within St. Lucie County that receives benefits from one or more of the Improvements specified in Section 2 of this Agreement. If a Credit is proposed for use in an adjoining impact fee zone, the Developer shall provide notice by certified mail to the St. Lucie County Administrator, with a copy to the County Attorney, to the addresses shown below no less than ten (10) business days, as documented by courier receipt, prior to execution of an assignment of said Credit, and the St. Lucie County Administrator, or designee, shall confirm in writing within ten (10) business days, as documented by courier receipt, following receipt of the notice whether St. Lucie County objects to the use of the Credit based on compliance with statutory requirements. If the County does not provide a response within such ten(10) business day period, the use of the Road Impact Fee Credit in the adjoining impact fee zone shall be deemed acceptable. If the County objects, the Parties shall meet in a good faith effort to resolve the objection. The County reserves the right to deny assignment if it determines the request is inconsistent with the terms of this Agreement or applicable ordinances.This Agreement remains in effect until all Credits are fully utilized, at which point it terminates. The Developer shall provide documentation to St. Lucie County of any executed assignment of Credits to an assignee for transfer and use on a parcel other than the Property. The Developer shall reserve sufficient Credits to support development within the Property. County Administrator With copy to: County Attorney 2300 Virginia Avenue 2300 Virginia Avenue Fort Pierce, Florida 34982 Fort Pierce, Florida 34982 Where an established Community Development District(the"CDD")issued bonds to finance impact fee creditable improvements and levy debt assessments on lands within the CDD to secure such bonds, the CDD shall not levy corresponding debt assessments against any homeowners who has paid or will pay a road impact fee that covers impact fee creditable improvements. Section 5. Recordability of Agreement. This Agreement shall be recorded by the County in the Public Records of St. Lucie County and shall be binding upon the Developer and any successors in interest and title to the property described in Section 3 above. Section 6. Termination of Agreement. This Agreement shall be effective until all the Credits authorized herein have been consumed through the issuance of a building permit, or similar development approval. Section 7. Indemnification; Hold Harmless. The Developer hereby releases and hold harmless the County and its officers, agents, and employees from any claims and damages, now existing or hereafter occurring or related in any way to this Agreement. The Developer agrees that the County shall incur no liability for the Developer's actions relating to this Agreement. The Developer does hereby agree to indemnify and hold the County, its officers, agents, and employees harmless from and against any and all claims, damages, losses, expenses (including but not limited to attorneys' fees), causes of action, judgments, liabilities arising out of or resulting from, in any fashion, the execution of this Agreement by the County.This grant of indemnity shall be irrevocable. The grant of indemnity contained herein is absolute and unlimited. This paragraph shall survive termination of the Agreement. IN WITNESS WHEREOF,the parties hereto have executed this Agreement as of the date first written above. Signed, sealed, and delivered in the presence of: ST. LUCIE COUNTY ATTEST: G0MM/S+s' BOARD OF COUNTY COMMISSIONERS o � °tip, y: Deputy Clerk Chair APPR ED AS TO FORM AND �ou"fl' ECTNESS County A46rney Mattamy Palm Beach, LLC (Alternatively referred to as Mattamy Homes Palm Beach, LLC.) Witness 6T' ll P By: !E Print N e ahUU (2'vC'r10-yA lct s� Title: VC ✓ S 16ler n 4up Ret, G1 l -3 NJ6 Witn ss Address a WZ ess Print Name (4wo QL'C"I{v-YA �a k'vx %)tj i cr hf, f4mC Witne s Address STATE OF FLORIDA COUNTY OF T" CA4' The foregoing instrument was acknowledged before me by means of[*hysical presence or[] online notarization, this �ZS�t f 74AL ?.OZIO(date), by y, V4q L,40MTSd I11 of Mattamy Palm Beach, LLC, (Alternatively referred to as Mattamy Homes Palm Beach, LLC.)a Delaware limited liability company, on behalf of the company. He/she is personally known to me or had produced as identification. [Notary Seal] ' MARTHAH.SILC+X otary Signature ® Notary Public•State of Florida � Commission k HH c 13,2 IV U�NW or n. � My Comm.Expires Dec 13,2028 Name Printed ationaiNotaryAssn. 1 - Exhibit A — Eligible Impact Fee Creditable w , Road Segments Constructed Lj m � x c� j 0 L� Q°, D __llrrn' cn 5'JV p; N O a O Cn C n Hetker Road Exhibit B Mattamy Homes Tradition Roadway Cost Overview for Impact Fee Credit Calculation MATTAMY HOMES TRADITION ROADWAYS ROADWAY IMPACT FEE CREDITS Roadway Revised Post TIM PATH Agreed Amount County Request SAD Cost (requested of Deduction (05.09.25)1 Mobility Fees CDD SG BECKER $9,038,085 $347,093 $191,084 $8,499,908 RD EXT Total $8,499,908 *This list is not fully comprehensive and does not include all projects constructed to date,or planned.Future requests for Impact Fee Credits will be made based on the 2007 Settlement Agreement. *The identified road segments in the Settlement Agreement are deemed eligible for Road Impact Fee Credits from the County in the amount of thirty-one percent(31%)of eligible expenses,pursuant to the terms of the applicable Settlement Agreement. 1 Revised Post SAD Cost only reflects adjustment made to costs related to Guettler Brothers Construction,LLC.All Guettler costs were removed from the "Organized Detail"tab and summarized based on the "Guettler Summary" tab that reflects the finalized pay applications. Exhibit C Graphic of Legal Description for Western Grove, Southern Grove and Tradition Property F �----------------- AM t S". _ lt� f L y L _ r I e i I I F rG r Exhibit D-1 St. Lucie County Road Residential Impact Fee Rates Effective January 1, 2026 ST LUCIE COUNTY IMPACT FEES EFFECTIVE 1/1/2026 through 9!3012026 RESIDENTIAL ROAD IMPACT FEES City of Fort City of North FP South Unincorporated Pierce PSL Island Island Island Single Family(<2,000Sgrt) Per Unit $3,438 53,302 $1,230 $2,743 $3,111 $4966 Very Low Income 11 Single Family(<2,000SgFt), Per Unit 54,190 $4,023 $1,501 $3,342 $3,864 53,616 Low Income tr Single Family(<2,400SgFt) Per Unit $S,773 $S,541 $2,060 $4,604 $S,324 $4,982 Single Family(2,400 to 3,499 Ft) Per Unit _ $7,054 $6,773 $2,519 $5,626 56,So8 $6,089 SinglieFami (3,50 Ft) Per Unit $7,160 $6,876 $2,564 $S,711 $6,607 $6,181 STORIESMULTt-FAMILY 1-3 Multifamily,Very Low Income if Per Unit $2,714 $2,606 $968 $2,581 $3,0S6 $2,90 Multifamily,Low Income 11 Per Unit $3,308 53,176 $1,17S $3,144 $3,261 $3,396 Multifamily(<750SgFt) Per Unit $3,668 53,522 $1,303 $3,488 $3,913 $3,877 Multifamily(750to1,499SgFt) Per Unit $4,460 $4,282 $11589 $4,239 $4,539 $4,714 Multifamil 1,500+NFtj Per Unit SS,126 $4,921 $1,826 $4,872 $5,265 $5,417 Multifamily,Very Low income 4 Per Unit $2,015 $1,934 $713 $2,160 $2,073 $2,120 Multifamily,Low Income If Per Unit $2,296 $2,19S $815 $2,286 $7,195 $2,296 Multifamily J<750 S9Ft) PerUnit $2,723 $2,615 $971 $2,7SO $2,640 $2,750 Multifamily(750 to 1,499 SgFt) Per Unit $3,181 $3,054 $1,131 $3,181 $3,OS4 $3,181 Multifamily(1,500+SgFt) Per Unit $3,689 $3,S42 $1,310 $3,689 $3,S42 $3,689 Mobile Home/RV Unit(Park Only) Per Unit $2,289 $2,198 $907 $1,908 $1,908 $2,414 Other Residential Per Unit $6,222 $5,97S $2,226 $41961 $4,961 $S,371 Land Use Unit Pub Bldg Law Enf Parks Library Fire/EMS School Single Family DU $547.50 $369.00 $2,560.50 $395.89 $650.00 $6,786.00 Condominium DU $547.50 $351.65 $2,560.50 $372.69 $650.00 56,786.00 Multifamily(1-2 stories) DU $490.50 $256.50 $2,294.50 $288.00 $502.00 53,470.00 Multifamily(3+stories) DU $490.50 $262.50 $2,284.50 $295.50 $637.00 $3,470.00 Mobile Home/RV DU $360.00 $229.50 $1,677.00 $253.78 $432.00 $1,958.00 Other Residential Elect $547.50 $180.48 $889.43 S129.06 5650.00 S6,786.00 #INCOME ELIGIBILITY VERIFICATION AND DEED RESTRICTIONS REQUIRED FOR ALL LOW-INCOME LAND USE CATEGORIES -REVISED FEES ARE BASED UPON 2022 IMPACT FEE STUDIES ADOPTED ON APRIL 19,2022 FOR ROADS,PARKS,LIBRARY, PUBLIC BUILDINGS.AND LAW ENFORCEMENT,AND SEPTEMBER 6.2022 FOR FIREIEMS. THESE STUDIES,AS WELL AS OTHER IMPACT FEE RELATED INFORMATION,CAN BE FOUND ON THE COUNTY WEBSITE AT STLUCIECO.GOV"IMPACTFEES, Exhibit D-2 St. Lucie County Commercial Road Impact Fee Rates Effective January 1, 2026 ST LUCIE COUNTY IMPACT FEES EFFECTIVE 1/1/2026 through 9130/2026 COMMERCIAL City of C=ty of North FP South tkNt Unincorparatc Fort Pierce PSI. Island Island Island e• IML NOt1tj#3ptl) Room $21sw $2,401 5s ' 8ed>Rttre4kfa4t•• Guest Room $2,062 $2,979 51'-t N) "s 5; is RECREATION Multi-PurposeReaeatJohWCeMt 1A=SgFt S1 .118 S1,3t>l ------ $SOS Motrlellltstlf 3Nt -�31l1.31a's Elementary Schooi(Private) 2,0005gFt 56,881 MiddlefMigh School lPrtyotel 1.000 SgFt $6,431 _ $6,118 52,252 _.$1,799 $2,799 $2,422 -... Day CaritC~ 1,000 SgFI 52,s11 57,408 S8S1 $945 $716 $827 Hospital 1,000 SgFt $6,663' 56,398, 52,383' S2,4e9' $2,489' $2,154" Nursing flonbe 1.000 SgFt $2,773 $1,701 %13 $646 $646 $604 sMlatlorl 1,000 it $2,775 ..._....5J,666..._.- $992 $1,027 $1,027 $111198 t3erA"OfNae 1,000 jF1t $4,193' $4,016` 51,48V $1.412 $1,094' $1,247' Rtttail/ShopipingCenter 2,000SFGLA S3.92S $3,761 $1,292 $1,215 $11235 $1.085 I<40,000 SFGIA Retail/Shopping Center 1,000 SFGIA $7,133 $6,842 $2,414 $2,244 $2,244 $1,969 (40,000 to 150,000 SFGLA) Retail/Shopping Center 1,000SFGLA *693 $3,341 53,011 $2.707 $2,707 $2,405 1150,000-SFGLA) Gas Station w/Convenience store Fuel POS. $8,462 $8,116 $2,8S6 $2,6ss $2,6S5 $4,695 (<2,000 SqF t) Gas Station w/Convenience Store Fuel POS. $10,097 $9,683 $3,406 $3,167 $1,167 5S,S89 (2,000 to 5,499 SgFt) Gas Station w/convenience Store Fuel POS. $11,339 510,814 $3,824 53,SS7 53,557 56,27S T - Inte-wdal 1,000 Sgft 5740' 57" $279` $293' 5793 $J61 High-Cube WalehOUSC General Industrial 1,000 SgF1 $1,243, 51,191• 5"1" 54SV 5311, S397 warehouse 1,000 sgrt S984' 594S` S353• S370' $370- $318, 'FINAL FEE SUBJECT TO SLC TARGETED INDUSTRY PROGRAM. OPTIONS USER SHOULD CONSULT WITH ST.LUCIE COUNTY FOR ELIGIBILITY REQUIREMENTS. "DOES NOT INCLUDE PRIMARY RESIDENCE. SINGLE FAMILY UNIT MUST BE ASSESSED FOR THE RESIDENTIAL PORTION OF THE USE. •REVISED FEES ARE BASED UPON 2022 IMPACT FEE STUDIES ADOPTED ON APRIL 19.2022 FOR ROADS.PARKS,LIBRARY,PUBLIC BUILDINGS,AND LAW ENFORCEMENT,AND SEPTEMBER 6.2022 FOR FIRE/EMS. THESE STUDIES,AS WELL AS OTHER IMPACT FEE RELATED INFORMATION,CAN BE FOUND ON THE COUNTY WEBSITE AT STLUCIECO_GOVIIMPACTFEES.