Agenda Item Name:
Title
Multi-modal Transportation Mitigation (MMTM) Agreement - Springhills Southwest Quadrant
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Presenter:
Chris Dawson, Transportation Planning Manager, x5211
Description:
Yadda Property Holdings I, LLC wishes to take advantage of Unified Land Development Code (ULDC) Section 407.125.3, the Multi-Modal Transportation Mitigation Program for the development of a mixed-use development. This program requires an agreement between the County and the applicant.
Recommended Action:
Recommended Action
Approve and authorize the Chair's signature on the MMTM Agreement between Alachua County and Yadda Property Holdings I, LLC
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Prior Board Motions:
21-0431 Preliminary Development Plan - Springhills SW Quadrant; 5/25/2021 Commissioner Alford motioned to approve with condition the proposed Preliminary Development Plan and Resolution DR-21-18, based on a finding of consistency with the Alachua County Comprehensive Plan and the Alachua County Unified Land Development Code
Fiscal Consideration:
Fiscal Consideration
Adoption of the MMTM Agreement will allow the developer to utilize the MMTM Program. Payment of MMTM fees will occur prior to Certificate of Occupancy for any use. Fees will be utilized for eligible projects in the Capital Improvements Element of the Comprehensive Plan.
354.79.7910.324.3150 $700,000 in FY24-FY26
354.79.7910.324.3151 $1,300,000 in FY25-FY30
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Strategic Guide:
Strategic Guide
Infrastructure
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Background:
Yadda Property Holdings I, LLC wishes to take advantage of Unified Land Development Code (ULDC) Section 407.125.3, the Multi-Modal Transportation Mitigation (MMTM) Program for the development of a mixed-use development. This program requires an agreement between the County and the applicant. The applicant has submitted a development plan for approval. The applicant has chosen to satisfy its transportation system mitigation obligations through the MMTM program. The MMTM agreement is necessary for the applicant to be able to mitigate for the transportation impacts of the development. The applicant will make mitigation payment prior to a Certificate of Occupancy.
This agreement includes $7,344 in credit for dedication of right-of-way along NW 98th Street.