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City reviews developer agreement to build Post Salter Road in exchange for $1.6 million in impact-fee credits
Summary
City manager presented a developer agreement that would have a private developer construct Post Salter Road and extend reuse lines in exchange for about $1.6 million in impact-fee credits; staff said the work is above and beyond what the project requires and will be conveyed to the city when completed.
The City Commission discussed a developer agreement that would have a private developer build public improvements — including the extension of Post Salter Road and reuse water lines — in exchange for roughly $1,600,000 in impact-fee credits.
City manager (staff member) said the improvements are beyond what the developer is legally required to build for its project and would be conveyed to the city upon completion. He told commissioners the arrangement lets the city expand its public road network without expending capital dollars now.
Commissioners asked what property the developer would convey and whether the improvements were necessitated by the developer’s own project. A commissioner asked specifically whether the work benefited the Hunt Brothers property; staff replied the Post Salter improvements are outside that neighborhood and are intended to create cross-connectivity so traffic could move from Hunt Brothers to 11th Street without using U.S. 60.
On how the impact-fee credit amount was set, staff said they obtained three construction quotes and used the lowest estimate to determine the credit. The city manager and staff stated the swap was intended to be comparable in value and described the credits as a way to avoid separate city design and contracting costs while the developer is mobilized on-site.
No formal action or vote on the agreement was recorded in the transcript. City manager said additional information (including details about the parcel to be conveyed) would be provided at the next meeting when Sarah Irvin is available to present.
The commission moved on to subsequent agenda items without taking a final vote on the developer agreement; staff said they would provide further details, including the property description and the contract preparer, at a future meeting.
