SUBJECT
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Approve the Infrastructure Agreement between Blackfin Champions, LLC. and Polk County for Hwy 27 and Four Corners Blvd Intersection ($738,189.87 One Time Expense).
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DESCRIPTION
The Blackfin Champions, LLC is developing property adjacent to Hwy 27 and Four Corners Blvd for the Champions Station project. As part of the development construction the developer was required to do improvements to the intersection of the two roads listed above. The County had a funded turn lane project on Four Corners Blvd at Hwy 27. The County staff discussed with the developer the potential for a joint project at this intersection. The County agreed to pay for the cost of constructing the turn lane improvements. The developer agreed to work with the County and that has resulted in the attached Infrastructure Agreement that sets forth the terms of the joint intersection improvement project. The developer is building all intersection improvements and the County will reimburse the developer for the costs of the turn lane. The estimated cost to construct the turn lane is estimated at $738,189.87.
RECOMMENDATION
Request Board approve the Infrastructure Agreement between Blackfin Champions, LLC. and Polk County.
FISCAL IMPACT
Funding for this Project is available in the Roads & Drainage CIP in the Hwy 27 at Four Corners Blvd project.
CONTACT INFORMATION
Jay M. Jarvis, P.E.
Director
Roads & Drainage
(863) 535-2200
jayjarvis@polk-county.net