SUBJECT
title
Proportionate Share Agreement for Off-Site Road Improvements associated with TLC Reedy Isle, LLC.
body
DESCRIPTION
This is a request to enter into a Proportionate Share Agreement between TLC Reedy Isle, LLC (hereinafter referred to as Owner) and Polk County in the amount of $157,814.00 for certain related off-site transportation impacts to the following intersections:
(1.) US Highway 17/92 & South Boulevard;
(2.) US Highway 17/92 & Mystery House Road;
(3.) US Highway 17/92 & Davenport Boulevard;
(4.) US Highway 17/92 & Baker Avenue; and
(5.) Mystery House Road & Power Line Road.
This development project is located within the city limits of Davenport but gains direct access to County maintained roadways. This proportionate share agreement is being entered into in order to satisfy transportation concurrency requirements for Phases 1 thru 4 of the TLC Reedy Isle development.
Phases 1 thru 4 of the TLC Reedy Isle development consists of 1,310 residential units (a mixture of single-family units and townhouse units). In order to have adequate roadway capacity for all 1,310 units, the following intersection improvements are required due to Excess Trips associated with the project:
(1.) Adding a 195-foot westbound left turn lane on South Boulevard at the US Highway 17/92 intersection (7% of the improvement cost required);
(2.) Adding a 155-foot westbound right turn lane on Mystery House Road at the US Highway 17/92 intersection (9% of the improvement cost required);
(3.) Adding 370-foot northbound dual left turn lanes on US Highway 17/92 at the Davenport Boulevard intersection (56% of the improvement cost required);
(4.) Adding a 145-foot westbound right turn lane on Baker Avenue at the US Highway 17/92 intersection (8% of the improvement cost required);
(5.) Adding a 255-foot southbound left turn lane on US Highway 17/92 at the Mystery House Road intersection (100% of the improvement cost required); and
(6.) Performing Signal Warrant...
Click here for full text