Resolution - Quasi-Judicial Hearing - authorizing The City of Daytona Beach ("City") to enter into The Honda Dealership Transportation Improvements Cost Allocation Agreement with TT of Nova, Inc. ("Owner") and approving the proportionate fair-share contribution. The agreement provides for a proportionate fair-share contribution by TT of Nova, Inc. to the County in the amount of $133,018.71 for the purpose of installing improvements in the impact area of Williamson Boulevard ("Williamson Improvement") which will address traffic concurrency and roadway impacts. The Owner shall make a City road impact fee payment to the City in the estimated amount of $50,426.12 and shall be paid at the time of Building Permit development order issuance and based on the actual square footage of uses permitted under the develoment order and the adopted fee schedule in effect at the time of the development order issuance.
James Morris, Deputy City Manager, to report.
Recommendation: Deputy City Manager recommends adoption of the Resolution.
Action: Motion to adopt Resolution.