Subject:
Title
Memorandum of Agreement with DR Horton, Inc. re: The Pines
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Fiscal Impact:
None
Dept/Office:
County Attorney's Office / Planning and Development
Requested Action:
Recommendation
Approve and authorize the Chairman to execute the attached Memorandum of Agreement with DR Horton, Inc. regarding The Pines development in the City of Melbourne
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Summary Explanation and Background:
DR Horton, Inc. (DR Horton) is under contract to purchase approximately 425 acres of property located on the Platt family ranch in the City of Melbourne, immediately west of the jurisdictional limits of the City of West Melbourne (the "Property"). DR Horton intends to construct a residential development known as The Pines on the Property.
The Pines will be accessed by a westward extension of Norfolk Parkway from its current terminus in West Melbourne. DR Horton has entered into an agreement with the City of West Melbourne which provides for DR Horton to four-lane Norfolk Parkway from Minton Road to The Pines, design and construct intersection improvements at Norfolk Parkway and Shallow Creek Boulevard, and coordinate with Brevard County on any required improvements at the Norfolk Parkway and Minton Road intersection.
DR Horton is performing a traffic impact study (the "TIS") to determine traffic impacts of The Pines development, including impacts to County-owned and maintained Minton Road. Brevard County staff will review and approve the methodology of the study. The Memorandum of Agreement provides that DR Horton will design and construct the required improvements identified in the TIS. Upon completion and acceptance of the TIS by the County, the County, DR Horton, and the City of Melbourne will enter into a more detailed Development Agreement formalizing DR Horton's obligations. DR Horton shall not seek a building permit for vertical construction in The Pines until the Development Agreement is in place.
In exchange for DR Horton's commitment to construct any...
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