HomeMy WebLinkAboutDocumentation_Regular_Tab 09_9/10/2020Agenda Item #9.
Regular Council
STAFF MEMO
Meeting: Regular Council - Sep 10 2020
Staff Contact: Matthew Hammond, Utilities
Director
Department: Utilities
Approve Developer Agreement with Turnberry Beach Road LLC for Sea Glass Development Project
Turnberry Beach Road LLC is developing a nine -story 21-unit multi -family condominium building at
1500 Beach Road referred to as Sea Glass (formerly known as Blowing Rocks Condominiums). The
project received site plan approval from the Village Council on November 8, 2018 and a site plan
modification on September 12, 2019. The proposed project use is an increased water demand over
the previous use requiring a pro-rata share of Capital Connection Charges to be paid by the
Developer as well as installation of onsite and offsite utility infrastructure. In addition, as a condition of
the site plan approval, Turnberry is required to fund or construct the replacement of approximately
175 feet of water main along its road frontage to Beach Road.
To effectuate these actions a Developer Agreement between Turnberry Beach Road LLC and the
Village is required. The proposed Developer Agreement was prepared by the Village Attorney and
reviewed by Turnberry's in-house legal counsel. Upon execution of the agreement Turnberry Beach
Road LLC will be required to pay $126,844.50 to the Village Water Enterprise Fund ($56,798.29 for
Capital Connection Fees and review costs and $70,046,21 for water main replacement).
POTENTIAL MOTION / DIRECTION REQUESTED ' I
Approve Developer Agreement with Turnberry Beach Road LLC for Sea Glass Development Project
Developer Agreement - Turnberry Beach Road, LLC - SeaGlass
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