1. STATE ROAD 100 CORRIDOR COMMUNITY REDEVELOPMENT AGENCY Bulldog Drive Improvements Right-of-Way and Design September 21, 2010 Presentation for SR 100 CRA Board and City Council

2. Overview Background Budget Bulldog Drive Improvements –Overview –Remaining Right-of-Way –Final Design Overview of Agenda Items

3. SR 100 CRA Background and Purpose Background –Established April 20, 2004 –30 Year Time Horizon –Tax Increment Financing (future revenue from CRA pays for improvements to encourage redevelopment) Purpose –Improve and/or Redevelop Blighted Areas Midway Subdivision Whispering Pines Subdivision –Establish the City’s “Downtown” or Urban Core –Encourage Development of Additional Commercial Corridor (Alternative to Palm Coast Parkway)

4. City Council Goals and Objectives FY 2009/2010 –Palm Coast Vision: Its Town Center is a vibrant Downtown with diverse businesses as the foundation for a strong local economy. –Top Priority: Bulldog Drive improvements FY 2010/2011 –Palm Coast Vision: Town Center is a vibrant Downtown. Diverse businesses are the foundation for a strong local economy. –Five Year Goal: Promote Town Center as our Downtown. –Major Projects: Bulldog Drive

5. SR 100 CRA Completed Projects Master Plan Updated Central Park Improvements Land Acquisitions I-95 / State Road 100 Gateway Features Bulldog Drive Project Development and Engineering Report CRA Financing Approved

6. FY 2010/2011 SR 100 CRA Budget Tax Increment Revenue...........$ 1,147,916 Investment Earnings..............$ 25,800 Carry Forward.................. $ 2,091,700 TOTAL REVENUES...............$ 3,265,416 Operating Expenses............. $ 100,000 Land Purchases.................$ 1,000,000 Bulldog Drive Design............. $ 400,000 Central Park....................$ 150,000 Debt Service....................$ 679,369 Contingency....................$ 936,047 TOTAL EXPENSES..............$ 3,265,416

7. Future Capital Improvements High Priority Projects Established (xxx 2008) Bulldog Drive Central Park Enhancements Phases II and III Civic Architecture (Community Center) Other (Historic Property/Site Rehabilitation) State Road 100 (Sidewalk, Traffic Signal/Mast Arm Assembly, Gateway Signage)

8. Existing Bulldog Drive Corridor

9. Potential Bulldog Drive Enhancements

10. Implementation Short-Term Approve Current Loan Complete Right-of-Way Acquisition for Bulldog Drive Complete Design & Construction Plans for Bulldog Drive Additional Property Acquisitions in Target Areas Central Park Improvements Long-Term Additional Financing Bulldog Drive Construction Additional Capital Improvements per CRA Plan

11. Proposed Alignment Third Coast Holdings, LLC AjramCole Flagler County School District

12. Remaining Right-of-Way Two Parcels Owned by Mr. Ajram Leased to Two Tenants (Operating Businesses) Negotiating Since 2007 and Before Appraisal of $466,000 for Both Parcels (August 2009) Multiple Intermediaries and Multiple Proposals To Avoid Eminent Domain, Staff Offered Double the Appraised Value Final Offer by Mr. Ajram was $1,250,000 Negotiations have Reached an Impasse

13. Remaining Right-of-Way Next Steps –Assembled Eminent Domain Team (City Attorney, Appraiser, Environmental Firm, and Design Team) –Preliminary Evaluation of Negotiations and Costs Associated with Eminent Domain (Only for Portion of Property Required for Street Improvements) –Team Concluded that Cost of Eminent Domain Acquisition < Appraised Value for Total Parcels

14. Remaining Right-of-Way Next Steps –City Attorney Advised Staff to Negotiate Settlement Agreements with the Tenants before Initiating Eminent Domain Process –Tenants Provided Estimated Costs of Relocation and Business Damages to City Staff –Negotiated Settlements were Reached with Tenants

15. Remaining Right-of-Way Next Steps –Initiate Eminent Domain Process through Resolution of Public Necessity and Purpose –Constitutes First Step in Eminent Domain Process –A Settlement can still be Reached with Owner prior to Trial

16. Final Design Released Request for Letters of Interest to Firms on Continuing Service Contracts –Stressed Eminent Domain Experience –Roadway Design –Stormwater Design –Streetscaping Design Eight (8) Firms Responded Four (4) Firms Shortlisted and Provided Presentations WilsonMiller, Inc. was Top Ranked Firm Negotiated Fee = Not-to-Exceed $348,000 (includes optional eminent domain services, if needed)

17. Overview of Agenda Items SR 100 CRA is a Separate Legal Entity SR 100 CRA has the Budgetary Authority for Expenses related to CRA Projects (Bulldog Drive) –Item #7 – Authorization of Expenses Related to ROW Acquisition –Item #8 – Authorization of Expenses Related to Design City of Palm Coast owns the Rights-of-Way and has Power of Eminent Domain –Item #10 – Settlement Agreement –Item #11 – Settlement Agreement –Item #12 – Approval of Design Contract –Item #13 – Resolution of Necessity and Public Purpose (ALL ABOVE PAID FOR BY SR 100 CRA)

18. SR 100 CRA - ITEM #7 Authorization of Expenses Related to ROW Acquisition –Settlement Agreements (#10 and #11) –Attorney’s Expenses related to Eminent Domain (#13) Any Settlement Agreement with Owner would come back to SR 100 CRA and City Council for Consideration

19. SR 100 CRA - ITEM #8 Authorization of Expenses Related to Design –Final Design Contract with WilsonMilller, Inc. for an amount not-to-exceed $348,000

20. CITY – ITEM #10 Settlement Agreement with GW Black, Inc. –Five (5) Employees –Relocating within Flagler County –Appropriate Settlement Considering Costs and Size of Business ($39,150) –Significant Advantages to Settle –Cost of Settlement Paid for by SR 100 CRA

21. CITY – ITEM #11 Settlement Agreement with I&R Enterprises, Inc. –Two (2) Employees –Relocating within Flagler County –Appropriate Settlement Considering Costs and Size of Business ($20,200) –Significant Advantages to Settle –Cost of Settlement Paid for by SR 100 CRA

22. CITY – ITEM #12 Approval of Design Contract –Bulldog Drive is City Road –City will be Contracting Entity –Contract with Top Ranked Firm – WilsonMiller, Inc. –Cost of Design Paid for by SR 100 CRA

23. CITY – ITEM #13 Resolution of Necessity and Public Purpose –City has Power of Eminent Domain –Bulldog Drive is a City Road –First Step in Eminent Domain Process (only for ROW required for street improvements) –A Settlement can still be Reached with Owner prior to Trial –Cost of Attorney’s Expenses Paid for by SR 100 CRA