ContractFee Credit Agreement • August 22nd, 2023
BCC MEETING DATEFee Credit Agreement • December 12th, 2022
On October 25, 2021, the County entered into an Impact Fee Credit Agreement (the "Agreement") with Sunshine Holdings, LLC ("Sunshine") regarding construction of improvements on SR 16 and the entrance road to Villages West Park. The Agreement sets forth certain terms, conditions, and a timeline for the design and construction of the improvements, including automatic termination of the Agreement if construction did not commence or the Agreement was not extended by January 1, 2023. Permitting issues and cost increases have delayed the commencement of project construction. The County and Murabella Owner, LLC (successor in title to Sunshine and assignee under the Agreement) desire to amend the Agreement to extend the timeline for commencement of construction and the date of automatic termination of the Agreement.
