1. Shoppes of Palm Coast Transportation Improvements Agreement City Council Workshop April 12, 2016

2. LOCATION MAP/AERIAL COM-2 site is 12.91 acres
Located at SE Corner of SR 100/Belle Terre Blvd.
Owner/Developer is PV – Palm Coast, LLC

3. BACKGROUND On June 3, 2015 Master Plan was approved by PLDRB Five Lots
Over 60,000 sq. ft. of Commercial Uses
Common Area Tract

4. BACKGROUND
Applicant will act as developer and sell off all five lots to end users
Three lots are under contract:
Lot 2 to Gate
Lot 3 to Aldi
Lot 4 to TSC

5. Final Plat
On April 19, City Council is scheduled to review the Shoppes of Palm Coast Final Plat
Applicant will dedicate 12’ along west edge of Lot 1 on Final Plat, at no cost to City, for ROW improvements

6. Transportation Impact Fee Agreement
Development was not required to make off-site transportation improvements except for a right turn lane along SR 100 into the project and sidewalks along Belle Terre Blvd. and SR 100
City and developer have identified other transportation improvements that will benefit City residents regarding future roadway capacity
Agreement allows these improvements to be made once sufficient impact fees have been generated by end users of project

7. Traffic Improvements
Improvement “A” Northbound Right Turn Lane at SR 100 with Pedestrian Crosswalk Upgrades
Improvement “B” Southbound Left Turn Lane into Project’s S. Entrance

8. ESTIMATE OF IMPACT FEES GENERATED/PROJECT COSTS
Lot # Lot Description Transportation Impact Fees to be Generated 2 Gate Gas $124,000 3 Aldi Grocery $171,000 4 Tractor Supply $127,000 Fee Generation Estimate $422,000 (For Lots Under Contract) Improvement Costs Estimate $250,000 - $350,000 Additional Fee Generation Estimate $348,000 (For Lots 1 and 5)

9. Next Steps City Council Public Hearing on April 19, 2016
Transportation Impact Fee Agreement
Final Plat for Shoppes of Palm Coast
City receives transportation impact fees from retailers
Developer provides City an engineering bid and then three construction bids for review
Agreement also allows City option of designing and constructing improvements

10. Questions ?