Subject:
Title
Approval, Re: Donation and Capital Contribution Reimbursement Agreement For Fire Station 49 with The Viera Company
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Fiscal Impact:
$2,635,867.11
Dept/Office:
Planning and Development and Public Safety Group
Requested Action:
Recommendation
It is requested that the Board of County Commissioners accept and authorize the Chair to execute the attached, Donation and Capital Contribution Reimbursement Agreement, for Fire Station 49, between The Viera Company and Brevard County.
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Summary Explanation and Background:
The attached agreement 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 on a 2-acre site. 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 Brevard County will reimburse The Viera Company through Fire/Rescue impact fee credits in the amount of the appraised value of the property and the cost of the fire apparatus/equipment. The appraised value of the property is $1,198,000.00, and the cost of the fire apparatus/equipment is $1,437,867.11 for a total cost of $2,635,867.11. (Please note, the cost of the fire station has yet to be determined and is not included in this fiscal impact.)
The Viera Company has fulfilled the requirements for Fire Stations 47 and 48. In addition, The Viera Company agrees that the cost of the mini-pumper ($200,000.00) will be applied toward the funding of the “Alternative Apparatus”. Both Brevard County Fire Rescue and the County Attorney’s Office have reviewed the agreement.
Clerk to the Board Instructions:
Please return signed document to Planning and Development