Placement: Consent Agenda
Action Requested: Motion / Vote
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Approve Traffic Signal Agreement with Riverland Development Company, LLC
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Submitted By: Diana Spriggs, P.E - Assistant Director, Public Works
Strategic Plan Link: The City's Goal of high-quality infrastructure and facilities.
Summary Brief (Agreements/Contracts only)
1. Prepared by: The City Legal Department
2. Parties: City of Port St. Lucie and Riverland Development Company, LLC (Riverland)
3. Purpose: Enter into an agreement that establishes a time frame for partial reimbursement of the traffic signal at the Community Boulevard and Discovery Way intersection.
4. New/Renewal/Modified: New
5. Duration: Perpetual until payment is received as outlined in the agreement.
6. Benefits to Port St. Lucie: Facilitating completion of the traffic signal by working with development partners in the community.
7. Cost to Port St. Lucie (Annual and Potential): The City will front the cost of the traffic signal installation. After reimbursement by all parties, the City will cover approximately $300,000.00 which is 1/3 of the installation cost for this traffic signal.
Presentation Information: N/A
Staff Recommendation: Move that the Council complete motion in the affirmative.
Alternate Recommendations:
1. Move that the Council amend the recommendation and complete motion in the affirmative.
2. Move that the Council not approve and provide staff direction.
Background: A Traffic Signal Warrant Analysis was conducted by Riverland in March of 2024 at this intersection. After review and comment from the City’s 3rd party traffic consultant, Kittelson and Associates, the signal was deemed not warranted at that time. Based on the data in the 2024 analysis, the steady growth of new homes in the area, and the opening of new commercial establishments near this intersection (by Mattamy Homes) to the south, the City anticipates this traffic signal being warranted very soon, if not already. The City and Riverland desire to accelerate the traffic signal installation for the betterment of the community.
Issues/Analysis: Riverland will reimburse 1/3 of the costs for the traffic signal as set forth in the Agreement within 5 years of completion of the signal (with a cap on its contribution of $300,000). Should the City not approve this Agreement, the City would incur the total cost for the traffic signal.
Financial Information: The City shall fund the installation of this traffic signal in FY 25/26. Based on this agreement approval, reimbursement will occur for 1/3 of the installation cost, up to $300,000, within 5 years of the completion of the traffic signal installation.
Special Consideration: N/A
Location of Project: Intersection of Discovery Way and Community Boulevard
Attachments: Traffic Signal Agreement - Riverland
Exhibit “A” - Reimbursable Expenses
NOTE: All of the listed items in the “Attachment” section above are in the custody of the City Clerk. Any item(s) not provided in City Council packets are available upon request from the City Clerk.
Internal Reference Number: Legal Intake
Legal Sufficiency Review:
Reviewed by Elizabeth L. Hertz, Senior Deputy City Attorney. Approved as to Legal form and sufficiency by Richard Berrios, City Attorney.