1B, JDA Appointment - Laserfiche WebLink

Home Browse Search

developers as the New Development is implemented. The Parties will recover their costs when New Development takes place to the maximum extent feasible pursuant to Section 3.7. Section 3.7. Cost Allocation. Recovery. The Parties will be undertaking activities in support of the New Development and operations of the JDA which will require public financial investment. It is the intent of the Parties that their respective investment be recovered .to the maximum extent feasible (respectively "County Investment" and "City Investment" as defined in Section l.l). The Parties will determine the respective cost allocation for the Shared Public Improvements; including the storm water pond retention system currently considered a likely_requirement for the New Development. 3.7.1. County Cost Recovery. The County will recover the County Investment _ for the acquisition of the TCAAP Site, County Site Clearance, County Remediation, County Public Improvements, Off-site Transportation Improvements and the operations of the JDA primarily through the sale of land on the TCAAP Site. Notwithstanding the schedule and goals stated in the TCAAP Master Plan, unless otherwise agreed to by the Parties, the County Public Improvements shall be constructed when a Development Site is approved by the JDA, sold by County to the selected Developer, and the selected Developer agrees to financially participate in the extension of the respective County Public Improvements. 3.7.2. City Cost Recovery. City shall, recover the City Investment for the trunk utilities and sub-trunk utilities (serving a Development Site), elements of the City Public Improvements, and the preparation of the AUAR and TCAAP Master Plan. 3.7.2.1. City shall recover the City Investment for the trunk utilities and sun^tivnx aLiflties when Q LGVelapment Site is approved by the JDA, and the selected Developer agrees to financially participate in the extension of the respective City Public Improvements pursuant to City's petition process. 3.7.2.2. -City shall recover the cost of the preparation of the AUAR and TCAAP Master Plan through a fee or surcharge on building permits or other approvals issued by City for the New Development as further described in Section 3.7.3 below. 3.7.2.3. Other City costs for serving Development Sites, including other public infrastructure such as parks, shall be recovered by City pursuant to a development fee structure as described at Schedule D. The development.fees shall be imposed by the JDA on developers pursuant to approved development agreeents; special assessments; and park dedication fees as may be necessary for a Development Site. 3.7.2.4. City shall retain all fees for services relating to building permit and code enforcement activities performed on the TCAAP Site, as well as park dedication fees imposed by the JDA. 3.7.2.5. Notwithstanding the schedule and goals stated in the TCAAP Master Plan, unless otherwise agreed to by the Parties, the trunk utility and sub-trunk utilities elements of the City Public Improvements serving a Development Site shall be constructed when 17