CC Minutes 02/26/2007 - Laserfiche WebLink

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CASSELBERRY CITY COMMISSION Minutes of February 26, 2007 - Regular Meeting Page S of 10 MOTION: Vice Mayor Doerner moved to approve Ordinance 07- 1210 on second and final reading, as presented. Motion was seconded by Commissioner Hufford. Motion carried unanimously by voice vote 5 - O. 10. FIRST READING OF ORDINANCES No ordinances were presented for first reading. 11. RESOLUTIONS A. RESOLUTION 07-1766 - LAND EXCHANGE AGREEMENT BETWEEN TARGET CORPORATION AND THE CITY OF CASSELBERRY The City Clerk read Resolution 07-1766 by title as follows: "A RESOLUTION OF THE CITY OF CASSELBERRY, FLORIDA, AUTHORIZING THE EXECUTION OF A LAND EXCHANGE AGREEMENT BETWEEN TARGET CORPORATION AND THE CITY OF CASSELBERRY; PROVIDING FOR CONFLICTS, SEVERABILITY, AND EFFECTIVE DATE." Staff Presentation: Mr. Ed Torres, Public Works Director, stated Resolution 07-1766 provides for a land exchange agreement with Target for the Triplet Lake Drive and U.S. Highway 17-92 Intersection Improvements Project. These parcels are required for additional right-of-way for the new realigned entrance into Target at the intersection and connecting back to the new roundabout at Melody Lane. Additionally, this agreement provides two separate temporary construction licenses to the City in order to reconstruct part ofT arget' s existing stormwater maintenance system and existing customer parking lot, and provide adequate area for constructing a new customer parking lot to replace those spaces lost due to the new realignment. The new parking lot will be located west ofthe existing City water tower on Melody Lane. The agreement also provides for the City to convey an off-site signage easement to Target for the relocation of an existing large monument Target sign to a location just north of the present location, and the City to provide Target with a second small monument sign to be located at the Melody Lane entrance to the store. Approval of this agreement avoids the costly and detrimental affects of condemnation proceedings to acquire the parcels for the realignment project. Budget Impact: The agreement obligates the City to pay for all title/closing services for the mutual conveyance of real property to each entity, and for additional professional survey services required for a future replat of the Target store parent tract. Both entities are responsible for their own legal costs. Estimated total costs including legal fees is between $20,000 - $40,000. Required funds are 10 be allocated from the Capital Improvement Fund - Infrastructure Surtax Fund (114-0710-541-63.43). Recommendatiou: The City Manager and the Public Works Director recommend approval of Resolution 07-1766 as presented.