- May 5, 2024
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The agreement — or lack thereof — over $3.5 million in transportation impact fees has been a contentious item between city and county officials, but that now appears to be in the past.
The City Council on Tuesday heard a presentation from staff that would finalize an interlocal agreement that would send the money to the city in three different installments. The proposal also includes the county handing parcels of land to the city. No vote was taken at Tuesday’s workshop, but the City Council appeared to be in agreement with the deal.
The county will repay the city in three portions.
The first $1.5 million will be paid to the city immediately after execution of the interlocal agreement.
The second $1.5 million will be paid to the city after the county is reimbursed by the Florida Department of Transportation for wetland mitigation costs.
And the final $500,000, which will temporarily be used by the county to cover costs associated with the design of the Old Kinds Road extension project, will be paid to the city after the county is reimbursed by the state for the design portion of the project.
The city will then use the money for two main projects: the Old Kings Road extension and the Palm Harbor Parkway extension — two projects city officials have repeatedly said are important to the construction of the Interstate 95 overpass along Matanzas Woods Parkway.
In addition to the money, the county will also hand over a few parcels of land to the city.
By June 2014, the city will take over ownership of Matanzas Woods Parkway, from U.S. 1 to Old Kings Road. However, that won’t include the portion of land used to construct the I-95 interchange.
