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STATE ROAD 100 CORRIDOR COMMUNITY REDEVELOPMENT AREA (CRA) REDEVELOPMENT OF SR 100 CRA PROPERTY

STATE ROAD 100 CORRIDOR COMMUNITY REDEVELOPMENT AREA (CRA) REDEVELOPMENT OF SR 100 CRA PROPERTY. State Road 100 CRA Plan. Overview 30-Year Time Horizon Recently Approved in 2008 Florida Statutes, Chapter 163 Includes Tax Increment Financing (TIF) Estimates

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STATE ROAD 100 CORRIDOR COMMUNITY REDEVELOPMENT AREA (CRA) REDEVELOPMENT OF SR 100 CRA PROPERTY

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  1. STATE ROAD 100 CORRIDORCOMMUNITY REDEVELOPMENT AREA (CRA) REDEVELOPMENT OF SR 100 CRA PROPERTY

  2. State Road 100 CRA Plan Overview • 30-Year Time Horizon • Recently Approved in 2008 • Florida Statutes, Chapter 163 Includes • Tax Increment Financing (TIF) Estimates • Capital Improvement Program (CIP) • Bulldog Drive Improvements (High Priority) • Enables Reuse of Property for Redevelopment

  3. Existing Bulldog Drive Corridor

  4. PD&E Alignment

  5. Background • Pending site plan application for a Sonic Restaurant • Applicant agreed to re-evaluate the site plan to consider: • Right-of-Way Needed for Bulldog Drive Improvements • Design Aspects Consistent with the SR 100 CRA Plan • Request from Applicant for City to Consider Exchange of City-Owned Property • City Issued Request for Proposals as outlined in Florida Statutes • Two Responses with Owner of Sonic being Top-Ranked • Sonic Proposal Includes: • Bulldog Drive Right-of-Way • Increased Setbacks/Landscape Buffers • Landscape/Signage Easement

  6. Location

  7. Pending Site Plan

  8. Conceptual Site Plan/Exchange

  9. Agreement • Selection of Developer’s Response (Section 2) • Commercial-2 Rezoning (Section 3) • City-Initiated Rezoning of City Property • Property Exchange (Section 4) • Transfer of City Property • Transfer of Developer’s Property • Conceptual Plan (Section 5) • Developed in accordance with Response to RFP • Landscape Easement • Directional Median Cut • Requires Two Readings by City Council

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