Subject:
Title
Approval, Re: Amendment to the Donation and Capital Contribution Reimbursement Agreement for Fire Station 49 between The Viera Company and Brevard County
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Fiscal Impact:
No reimbursements for Fire Station 49 are expected to occur in FY2023. Reimbursements will be made on a quarterly basis using Fire Rescue and EMS impact fees collected in the Viera DRI in the preceding quarter. Reimbursements related to this agreement will begin after the Station 48 agreement is fully satisfied.
Dept/Office:
Planning and Development and Public Safety Group
Requested Action:
Recommendation
It is requested that the Board of County Commissioners consider approval of the Amendment to the Donation and Capital Contribution Reimbursement Agreement for Fire Station 49 between The Viera Company and Brevard County; authorize the Chair to execute the amended agreement; and authorize the Budget Office to execute any budget changes necessary to implement the disbursements.
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Summary Explanation and Background:
On July 19th, 2022, The Brevard County Board of County Commissioners approved the attached agreement which satisfies Condition 101 of the Viera Amended and Restated Development Order, of the Development of Regional Impact, which obligates the Developer to construct and equip a third fire station. The agreement stipulates the Developer will bear the cost of the construction of the fire station along with the cost for the fire apparatus and equipment. Upon completion of construction, The Viera Company will transfer the ownership of the land, building and equipment to Brevard County.
The agreement specifies that Brevard County will reimburse The Viera Company through Fire Rescue and EMS impact fee collections in the amount of the appraised value of the property, the cost of the fire apparatus/equipment and the cost of constructing Fire Station 49. When this agreement was previously approved by the Board of County Commissioners, fire apparatus/equipment and land co...
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