SUBJECT
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Bargain Barn Road Realignment Infrastructure Agreement (cost not to exceed $3,756,473.49).
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DESCRIPTION
This is a request to enter into an Infrastructure Agreement for the realignment of Bargain Barn Road between Power Bargain 17, LLC (Developer) and Polk County. The proposed realignment of Bargain Barn Road will be in sync with current improvements being made at the intersection of Powerline Road at US Highway 17/92.
The Developer will be developing a convenience store on land adjacent to the intersection of Bargain Barn Road at US Highway 17/92. This is also the intersection in which improvements are currently being made for the Powerline Road extension at US Highway 17/92. The Developer has mutually agreed to design and construct improvements to Bargain Barn Road that go beyond the scope of their access requirements to assist the County with lining up improvements being made at this key intersection. This agreement will allow for these improvements to be made more rapidly by the Developer and at a reduced cost.
RECOMMENDATION
Approve the Bargain Barn Road Infrastructure Agreement with Power Bargain 17, LLC at a cost not to exceed $3,756,473.49.
FISCAL IMPACT
County agrees to reimburse Developer (in cash) for the actual costs of the Bargain Barn Road roadway improvement not to exceed a cost of $3,756,473.49. Funds are available via Roads & Drainage CIP fund for Development Agreements (Project# 5400230).
CONTACT INFORMATION
Thado N. Hays, CPM
Concurrency & Entitlements Manager
Thadohays@polk-county.net <mailto:Thadohays@polk-county.net>