Title/Name/Summary
Evergreen Senior Living Project - Request to Reduce Road Impact Fees
History
On August 24, 2014, the Village Board of Trustees approved a special use permit with modifications, site plan, elevation drawings, a subdivision, and rezoning for the property located at 10758 183rd Street. The project includes development of an Assisted Living Facility (3-story 72,347 sq. ft.) and a Memory Care Unit (1 story - 33,807 sq. ft.) on the Southern lot of the new subdivision. Subsequently, a development agreement, landscape plan and ordinance were also approved by the Village Board.
As part of this project, the developer is undertaking additional public road improvements in the area that will complete Water's Edge Drive, including adding dedicated right and left turn lanes at Water's Edge Drive at the intersection of 183rd Street. These costs are borne by the developer but also enhance and benefit the entire area. As such, the developer is requesting a reduction in the road impact fee that is typically collected at the time of permit issuance.
Infrastructure work is currently underway and staff is ready to issue the full building permit. Typically, it is not uncomon for the road impact fee to be reduced/waived in the development agreement, when the developer is also completing public road improvements. In this case, the development agreement has already been executed and therefore they are now asking for a permit reduction for this fee. The road impact fee for this project is $95,452.20; however, the actual cost of the improvements will exceed this amount. The total permit fee for this project, prior to any reduction is $331,942.56. Staff is recommending a 2/3 reduction in the road impact fee ($63,634.80) for a new total permit fee of $268,307.76.
On May 18, 2015, this item was reviewed by the Development Services Planning and Engineering Committee, recommended for approval and referred to the Village Board of Trustees.
Financial Impact
Total permit...
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