TO: Mayor and Commission AGENDA DATE: 8/5/2024
FROM: City Manager AGENDA ITEM: 11 - F
SUBJECT:
Title
Request approval for the Proportionate Fair Share Agreement for Catalina Pointe Residential Planned Unit Development (RPUD).
Strategic Goal: Economic Development
Body
LOCATION:
2965 Howland Boulevard
COST:
None to the City
SOURCE OF FUNDS:
Catalina Pointe, LLC
ORIGINATING DEPARTMENT:
Planning and Development Services
POTENTIAL MOTION:
Recommendation
“I move to approve the Proportionate Fair Share Agreement for Catalina Pointe RPUD.”
END
BACKGROUND:
Background
Catalina Pointe RPUD was approved by the Commission in January 2023 for 277 detached residential units. This agreement is to pay the impact fees required for the City and Volusia County. If the Proportionate Fair Share amount is not paid before December 31, 2025, the TIA (Traffic Impact Analysis) shall be updated, and the impact fee amount shall be recalculated. The City will receive approximately $277,596.00 in impact fees from the development. Since the project is within the City but on a Volusia County Road, the City is required to approve the agreement before the County can move forward.
End