HomeMy WebLinkAboutPelican Isle, Recreational Impact FeesLOCAL GOVERNMENT VERIFICATION OF CONTRIBUTION
FEE DEFERRAL
Failure to attach a sheet showing the payment stream for which the net present value of the deferral was
calculated will result in the contrlution not being considered.
Name of Development: PELICAN ISLES
Address of Development Site: LOUISIANA AVENUE g FOSTER ROAD, SEBASTIAN, FL 32858
Complde the following:
On or before 3127103 the City/County of SEBASTIAN committed to defer
(muWdayhew) (Name of City or Cacmty)
S $146,250.00 in fees for the proposed Develop hent referenced above. The fee deferral will bear
interest at a rate of _ Q0_ _% per annum over a period of 11 years. The fee deferral repayment period,
amerrdzstion period, payment frequency and other applicable terms are:
No principal or interest payrnents due to the City for the entire 11 year Term of the Fee Defenal.
100% of the Deferred Impact Fees are payable to the City at the end of the 11th year.
No consideration or promiso of consideration has been given with respect to the fee deferral. For purposes of the foregoing,
the promise affordable housing does not constitute consideration. This fee deferral is provided spocif ca$+ with respect to
the proposed Development.
The following government point of contact can verify the above stated contribution:
Name of Government Contact TERRENCE MOORE, CITY MANAGER
Address: 1225 MAIN STREET. SEBASTIAN, FL 32858
Telephone Number. 3138-8203 .
CERTIFICATION
I certify that the foregoing information is true and cmvd and that this commitment is effective through
A2MI103
esr)
• D� TERRENCE MOORE
• S' ate Print or Type Name
1712) 388-8203 CITY MANAGER
Telephone Number Print or Type Title
Thio certification must be signed by t2te Mayor, City Manager, County Manager /Administrator/Coordinator, Chairperson of
the City CouneillCamrnission or C hnirperson of the Hoard of County Commissioners. If the contribution is Strom a Land
Authority organized pursuant to Chapter 3130.0663, Florida Statutes, this certifkation mast be signed by tete Chair of the
Land Authority. tither signatories an not acceptable. The Applicant will not receive credit for this contnb too if the
catification is improperly signed.
This contribution will not be considered if the certification contains corrections or 'white -oat'. If the certification is
scanned, imaged, altered, or =typed, the Application will fat? threshold and will be rejected automatically. The certification
may be photocopied.
UA1016 Otev. 403) gxbit