Budget Impact. The rental fee provided for in the agreement is for One Hundred Seventy dollars ($170.00) per month. This is a total annual airport revenue of $2,040.00.
Budget Impact. The amounts for which contract authority is requested are included in the Adopted Capital Program Budget for FY2020-21 ($36,903,645).
Budget Impact. Grant funding to reimburse for a portion of the acquisition costs of the property (up to $900,000 per the Interlocal Agreement with Pinellas County). Past Action: Commission approval on October 20, 2020 for the City of Dunedin to submit an application with Pinellas County to the Florida Communities Trust for the acquisition of Xxxxxx X. Xxxxxxx Xxxxxxxx. Next Action: N / A Attachments: A . FCT Grant Agreement - F2104 (Approved as to Form).pdf, Background: On October 20, 2020, the City Commission provided direction and approval to City staff to pursue the acquisition of the Xxxxxx X. Xxxxxxx Xxxxxxxx, and to work in partnership with Pinellas County to submit a grant application to the Florida Communities Trust (FCT). On December 15, 2020, the City of Dunedin and Pinellas County submitted a joint grant application to the State of Florida, Department of Environmental Protection (DEP). On November 29, 2021, the Florida Communities Trust notified applicants the priority list had been approved and the Xxxxxx X. Xxxxxxx Preserve application had been formally selected for funding. On February 4, 2022, the City of Dunedin and Pinellas County received the FCT grant agreement. The grant will provide 40% of the eligible costs of the appraised value of the property, and acquisition costs not to exceed $2,400,000. The terms of the agreement include various obligations by Pinellas County and the City of Dunedin for the use and development of the property. These obligations include the development of a fishing pier, canoe / kayak launch, picnic shelter, observation platform, nature museum, trails, interpretive kiosks, nature programs, connectivity to adjacent neighborhoods, and vegetative enhancements. An existing Interlocal Agreement with Pinellas County outlines the respective responsibilities of each party as it relates to park development and maintenance activities. The agreement stipulates the first $1,500,000 of FCT funds shall go to Pinellas County, with any remaining funds to the City of Dunedin. The Pinellas County Board of County Commissioners will also be voting to approve the FCT grant agreement on March 8, 2022. The FCT grant agreement stipulates the park amenities shall be constructed and the facilities shall be open to the public within three (3) years of receiving the funds. The Agreement will begin upon execution by both parties, and the FCT agrees to make funding available for one (1) year after the date of execution unless extended or terminated earlier...
Budget Impact. Approval of this Budget Amendment will increase the FY2020-21 Capital Program budget by $2,171,400. All amendment funding will be provided by Caltrans post expenditure. OCTA has agreed to provide a 25% deposit on this Third-Party project on Caltrans' behalf, which will be refunded at the end of the project.
Budget Impact. In that this extends the current costs, the budget impact for this is limited. The current agreement had already taken into account the district’s fiscal situation.
Budget Impact. During the trial period the Corporation will monitor Suppression Fire Fighters costs including overtime costs. In reviewing overtime such costs may be broken down as follows: call-back, after-shift meetings, training, education, shift exchanges, lieu days, absence replacement and any other matter that the Corporation may deem appropriate. Vehicle maintenance will be evaluated and compared against previous years to determine increased costs and occurrences. The parties agree that the trial period will not result in any additional costs to the Corporation; excluding inflationary and agreed to costs.
Budget Impact. There is no budget impact to the City other than staff time. All future responsibility is the property owners and the agreement lays out the process. The applicant also pays the $46 recording fee.
Budget Impact. The land lease rental fee provided for in the agreement is for $1,088.00 per year based on $0.17 per square foot of land lease. The rent payable under the lease is adjusted throughout the twenty year term of the lease based on a Consumer Price Index (CPI) escalator.
Budget Impact. In consideration for these services, CITY agrees to increase project budget of Phase III cost estimates to be paid to ENGINEER in the amount of $50,000. This increase in budget is in addition to the rest of the project budget for Phase III listed in the Original Agreement.
Budget Impact. None directly with the approval of the development agreement. The Developer is responsible for construction of the public improvements. A 1% fee is being charged by the City to compensate for the oversight of the public improvements. OPU is paying for oversizing of the watermain in 18th Street NW to allow for future development. Staff Recommendation: Staff recommends approval of Resolution 44-22. 000 XXXX XXXXX XXXXXX | XXXXXXXX, XX 00000-0000| XXXXXXXX.XXX | 507.444.4370 RESOLUTION NO. 44-22 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OWATONNA APPROVING A DEVELOPMENT AGREEMENT FOR WESTLAKE XXXXXXX BE IT RESOLVED by the City Council of the City of Owatonna, Minnesota (herein called the “City”) as follows: The City hereby approves a Development Agreement to be entered into with Westlake Xxxxxxx Apartments of Owatonna, LLC for development of Westlake Xxxxxxx. This project will contain a total of 276 Market Rate residential units in five buildings, detached garages as well as many other amenities such as a pool, dog park, pergola and play areas for the residents. The Mayor and City Administrator are authorized to execute this Development Agreement on behalf of the City. Passed and adopted this day of May, 2022, with the following vote: Xxx ; No ; Absent . Approved and signed this day of May, 2022 Xxxxxx X. Xxxxx ,Mayor ATTEST: Xxxx X. Xxxxx, City Administrator/City Clerk LAND DEVELOPMENT AGREEMENT WESTLAKE XXXXXXX THIS AGREEMENT, is made and entered into as of , 2022 (the “Effective Date”), by and between WESTLAKE XXXXXXX APARTMENTS OF OWATONNA, LLC, a Minnesota limited liability company (herein the “Owner”) and CITY OF OWATONNA, MINNESOTA, a Minnesota Municipal Corporation (herein the “City”) and OWATONNA PUBLIC UTILITIES an entity under the Owatonna City Charter (herein the “OPU”).
