Proportionate Share Agreement for Mango’s Tropical Orange County Board of County Commissioners April 22, 201 Proportionate Share Agreement for Mango’s.

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Presentation transcript:

Proportionate Share Agreement for Mango’s Tropical Orange County Board of County Commissioners April 22, 201 Proportionate Share Agreement for Mango’s Tropical Orange County Board of County Commissioners April 22, 201

 Proportionate Share Agreement Components  Issues:  Assessed Use  Square Footage  Improvement Costs and Proportionate Share Calculation  Proportionate Share Agreement Components  Issues:  Assessed Use  Square Footage  Improvement Costs and Proportionate Share Calculation Mango’s Tropical Café Proportionate Share Agreement

 Proportionate Share Agreement Components  Assessed Use  Multiple tenant has been assessed Retail rates throughout development history  ITE Land Use (code 820) Retail Shopping Center considers restaurants as a typical use - consistent with County Impact Fee Schedule  Traffic study done using retail impact characteristics (consistent with County process)  Proportionate Share Agreement Components  Assessed Use  Multiple tenant has been assessed Retail rates throughout development history  ITE Land Use (code 820) Retail Shopping Center considers restaurants as a typical use - consistent with County Impact Fee Schedule  Traffic study done using retail impact characteristics (consistent with County process) Mango’s Tropical Café Proportionate Share Agreement

 Proportionate Share Agreement Components  Square Footage  Adding 17,725 square feet of retail use to uses already existing retail use  Square footage consistent with Capacity Encumbrance Letter (Denied) dated March 24, 2014  Proportionate Share calculation based on 17,725 square feet as confirmed by owner’s consultant ( dated March 25, 2014)  Building Permit will be approved for the specified square footage as noted in the proportionate share agreement  Proportionate Share Agreement Components  Square Footage  Adding 17,725 square feet of retail use to uses already existing retail use  Square footage consistent with Capacity Encumbrance Letter (Denied) dated March 24, 2014  Proportionate Share calculation based on 17,725 square feet as confirmed by owner’s consultant ( dated March 25, 2014)  Building Permit will be approved for the specified square footage as noted in the proportionate share agreement Mango’s Tropical Café Proportionate Share Agreement

 Proportionate Share Agreement Components  Improvement Costs and Proportionate Share Calculations  Memorandum of Proportionate Share Calculation (submitted by applicant’s traffic consultant) dated March 24, 2014,  Sand Lake Road Impacted Segments :  Dr Phillips to Turkey Lake Road (2 deficient trips)  Turkey Lake to I-Drive (8 deficient trips)  Improvement Costs :  Dr Phillips to Turkey Lake Road $3,208,887 (County segment)  Turkey Lake to I-Drive $10,874,000 (FDOT adjusted segment length)*  Calculated Proportionate Share = $93,  FDOT improvement segment is from Universal to Turkey Lake  Proportionate Share Agreement Components  Improvement Costs and Proportionate Share Calculations  Memorandum of Proportionate Share Calculation (submitted by applicant’s traffic consultant) dated March 24, 2014,  Sand Lake Road Impacted Segments :  Dr Phillips to Turkey Lake Road (2 deficient trips)  Turkey Lake to I-Drive (8 deficient trips)  Improvement Costs :  Dr Phillips to Turkey Lake Road $3,208,887 (County segment)  Turkey Lake to I-Drive $10,874,000 (FDOT adjusted segment length)*  Calculated Proportionate Share = $93,  FDOT improvement segment is from Universal to Turkey Lake Mango’s Tropical Café Proportionate Share Agreement