DATE: February 6, 2019
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Paul Holzen, Director of Engineering/City Engineer
Jimmy Wiseman, Assistant Engineering Director
SUBJECT:
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Consideration of Road Impact Fee Offset Agreement for Avalon Square PUD Subdivision (COF Contract 2019-0003) with Parkes Development Group, LLC. (02/12/19 and 02/26/19 WS)
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Purpose
The purpose of this memorandum is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning COF Contract 2019-0003 and the additional offset request of the Parkes Development Group, LLC beyond what is allowed in the City of Franklin Municipal Code.
Background
Parkes Development Group submitted a traffic impact analysis in November of 2018 as part of the Avalon Square Development Project. The following recommendations from the approved traffic impact analysis would qualify for a road impact fee offset agreement:
1. Partial closure of median at Cool Springs Blvd and Highbury Rise. Median #1
2. Partial closure of median at East McEwen Drive and the Project Access. Median #2
3. Full median closure at East McEwen Drive and the Project Access. Median #3
$196,660.76 Total qualifying arterial roadway improvements
Parkes Development Group, LLC. has requested additional offset agreements to be drafted for the following site related improvements. Site related improvements cannot be paid with road impact fees and should be paid from another funding source:
1. The traffic signal at Cool Springs Boulevard and Road of the Roundtable. This signal is not on the Traffic Signal Master Plan, therefore does not qualify for offset.
2. The traffic signal on East McEwen Drive and the main entrance to the development. This signal is not on the Traffic Signal Master Plan, therefore does not qualify for offset.
3. Three deceleration lanes are to be constructed on Cool Springs Blvd. The turn lanes are required in the traffic impact analysis and o...
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