Resolution - PUBLIC HEARING - authorizing the City to enter into the Framework Transportation Improvements Cost Allocation Agreement with Consolidated Tomoka Land Co., ("Owner") and Framework Group, LLC, ("Developer") and approving the proportionate fair share contribution. The agreement provides for a proportionate fair share contribution to the County in the amount of $371,085.87 to address traffic concurrency and traffic impacts. The contribution will provide transportation improvements in the impact area and shall be paid to the County prior to the City's issuance of Certificate of Occupancy for Framework. This project is located on the east side of Williamson Boulevard, south of Hand Avenue and north of Strickland Range Road.
James Morris, Deputy City Manager, to report.
Recommendation: Deputy City Manager recommends adoption of the Resolution.
Action: Motion to adopt Resolution.