STATE ROAD 100 CORRIDOR COMMUNITY REDEVELOPMENT AGENCY Bulldog Drive Improvements Right-of-Way and Design September 21, 2010 Presentation for SR 100 CRA Board and City Council
Overview • Background • Budget • Bulldog Drive Improvements – Overview – Remaining Right-of-Way – Final Design • Overview of Agenda Items
SR 100 CRA Background and Purpose • Background – Established April 20, 2004 – 30 Year Time Horizon – Tax Increment Financing (future revenue from CRA pays for improvements to encourage redevelopment) • Purpose – Improve and/or Redevelop Blighted Areas • Midway Subdivision • Whispering Pines Subdivision – Establish the City’s “Downtown” or Urban Core – Encourage Development of Additional Commercial Corridor (Alternative to Palm Coast Parkway)
City Council Goals and Objectives • FY 2009/2010 – Palm Coast Vision: Its Town Center is a vibrant Downtown with diverse businesses as the foundation for a strong local economy. – Top Priority: Bulldog Drive improvements • FY 2010/2011 – Palm Coast Vision: Town Center is a vibrant Downtown. Diverse businesses are the foundation for a strong local economy. – Five Year Goal: Promote Town Center as our Downtown. – Major Projects: Bulldog Drive
SR 100 CRA Completed Projects • Master Plan Updated • Central Park Improvements • Land Acquisitions • I-95 / State Road 100 Gateway Features • Bulldog Drive Project Development and Engineering Report • CRA Financing Approved
FY 2010/2011 SR 100 CRA Budget • Tax Increment Revenue . . . . . . . . . . .$ 1,147,916 • Investment Earnings . . . . . . . . . . . . . .$ 25,800 • Carry Forward . . . . . . . . . . . . . . . . . . $ 2,091,700 TOTAL REVENUES. . . . . . . . . . . . . . .$ 3,265,416 • Operating Expenses . . . . . . . . . . . . . $ 100,000 • Land Purchases . . . . . . . . . . . . . . . . . $ 1,000,000 • Bulldog Drive Design. . . . . . . . . . . . . $ 400,000 • Central Park . . . . . . . . . . . . . . . . . . . . $ 150,000 • Debt Service . . . . . . . . . . . . . . . . . . . .$ 679,369 • Contingency . . . . . . . . . . . . . . . . . . . . $ 936,047 TOTAL EXPENSES. . . . . . . . . . . . . . $ 3,265,416
Future Capital Improvements High Priority Projects Established (xxx 2008) • Bulldog Drive • Central Park Enhancements Phases II and III • Civic Architecture (Community Center) • Other (Historic Property/Site Rehabilitation) • State Road 100 (Sidewalk, Traffic Signal/Mast Arm Assembly, Gateway Signage)
Existing Bulldog Drive Corridor
Potential Bulldog Drive Enhancements
Implementation Short-Term • Approve Current Loan • Complete Right-of-Way Acquisition for Bulldog Drive • Complete Design & Construction Plans for Bulldog Drive • Additional Property Acquisitions in Target Areas • Central Park Improvements Long-Term • Additional Financing • Bulldog Drive Construction • Additional Capital Improvements per CRA Plan
Proposed Alignment Flagler County School District Cole Ajram Third Coast Holdings, LLC
Remaining Right-of-Way • Two Parcels Owned by Mr. Ajram • Leased to Two Tenants (Operating Businesses) • Negotiating Since 2007 and Before • Appraisal of $466,000 for Both Parcels (August 2009) • Multiple Intermediaries and Multiple Proposals • To Avoid Eminent Domain, Staff Offered Double the Appraised Value • Final Offer by Mr. Ajram was $1,250,000 • Negotiations have Reached an Impasse
Remaining Right-of-Way • Next Steps – Assembled Eminent Domain Team (City Attorney, Appraiser, Environmental Firm, and Design Team) – Preliminary Evaluation of Negotiations and Costs Associated with Eminent Domain (Only for Portion of Property Required for Street Improvements) – Team Concluded that Cost of Eminent Domain Acquisition < Appraised Value for Total Parcels
Remaining Right-of-Way • Next Steps – City Attorney Advised Staff to Negotiate Settlement Agreements with the Tenants before Initiating Eminent Domain Process – Tenants Provided Estimated Costs of Relocation and Business Damages to City Staff – Negotiated Settlements were Reached with Tenants
Remaining Right-of-Way • Next Steps – Initiate Eminent Domain Process through Resolution of Public Necessity and Purpose – Constitutes First Step in Eminent Domain Process – A Settlement can still be Reached with Owner prior to Trial
Final Design • Released Request for Letters of Interest to Firms on Continuing Service Contracts – Stressed Eminent Domain Experience – Roadway Design – Stormwater Design – Streetscaping Design • Eight (8) Firms Responded • Four (4) Firms Shortlisted and Provided Presentations • WilsonMiller, Inc. was Top Ranked Firm • Negotiated Fee = Not-to-Exceed $348,000 (includes optional eminent domain services, if needed)
Overview of Agenda Items • SR 100 CRA is a Separate Legal Entity • SR 100 CRA has the Budgetary Authority for Expenses related to CRA Projects (Bulldog Drive) – Item #7 – Authorization of Expenses Related to ROW Acquisition – Item #8 – Authorization of Expenses Related to Design • City of Palm Coast owns the Rights-of-Way and has Power of Eminent Domain – Item #10 – Settlement Agreement – Item #11 – Settlement Agreement – Item #12 – Approval of Design Contract – Item #13 – Resolution of Necessity and Public Purpose (ALL ABOVE PAID FOR BY SR 100 CRA)
SR 100 CRA - ITEM #7 • Authorization of Expenses Related to ROW Acquisition – Settlement Agreements (#10 and #11) – Attorney’s Expenses related to Eminent Domain (#13) • Any Settlement Agreement with Owner would come back to SR 100 CRA and City Council for Consideration
SR 100 CRA - ITEM #8 • Authorization of Expenses Related to Design – Final Design Contract with WilsonMilller, Inc. for an amount not-to-exceed $348,000
CITY – ITEM #10 • Settlement Agreement with GW Black, Inc. – Five (5) Employees – Relocating within Flagler County – Appropriate Settlement Considering Costs and Size of Business ($39,150) – Significant Advantages to Settle – Cost of Settlement Paid for by SR 100 CRA
CITY – ITEM #11 • Settlement Agreement with I&R Enterprises, Inc. – Two (2) Employees – Relocating within Flagler County – Appropriate Settlement Considering Costs and Size of Business ($20,200) – Significant Advantages to Settle – Cost of Settlement Paid for by SR 100 CRA
CITY – ITEM #12 • Approval of Design Contract – Bulldog Drive is City Road – City will be Contracting Entity – Contract with Top Ranked Firm – WilsonMiller, Inc. – Cost of Design Paid for by SR 100 CRA
CITY – ITEM #13 • Resolution of Necessity and Public Purpose – City has Power of Eminent Domain – Bulldog Drive is a City Road – First Step in Eminent Domain Process (only for ROW required for street improvements) – A Settlement can still be Reached with Owner prior to Trial – Cost of Attorney’s Expenses Paid for by SR 100 CRA
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