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File #: 25-498    Version: 1 Name:
Type: Recommendation Status: Passed
File created: 3/10/2025 In control: Public Works Department
On agenda: 3/25/2025 Final action: 3/25/2025
Title: Approval and execution of Amended and Restated Silverleaf Road Network Agreement C.R. 545/Avalon Road and New Independence Parkway by and between Jen Florida 36, LLC, Hamlin Partners at Silverleaf, LLC, and Orange County providing for a $5,000,000 County contribution to expedite the construction of New Independence Parkway. District 1. (Roadway Agreement Committee)
Attachments: 1. 25-498_3.25.25_Amended and Restated Silverleaf Road Network Agreement, 2. 2025-03-25 Public Works Department Consent Item-09
Interoffice Memorandum

DATE: March 10, 2025

TO: Mayor Jerry L. Demings and County Commissioners

THROUGH: N/A

FROM: Joseph C. Kunkel, P.E., Director, Public Works Department

CONTACT: Jon V. Weiss, P.E., Chairman

PHONE: (407) 836-5393

DIVISION: Roadway Agreement Committee

ACTION REQUESTED:
title
Approval and execution of Amended and Restated Silverleaf Road Network Agreement C.R. 545/Avalon Road and New Independence Parkway by and between Jen Florida 36, LLC, Hamlin Partners at Silverleaf, LLC, and Orange County providing for a $5,000,000 County contribution to expedite the construction of New Independence Parkway. District 1. (Roadway Agreement Committee)
body

PROJECT: N/A

PURPOSE:
The Roadway Agreement Committee has reviewed the Amended and Restated Silverleaf Road Network Agreement C.R. 545/Avalon Road and New Independence Parkway (the "Agreement") by and between Jen Florida 36, LLC, Hamlin Partners at Silverleaf, LLC, and Orange County to amend the terms of the Town Center West (Silverleaf) Road Network Agreement originally approved by the Board on September 1, 2020, and recorded as Document #20200467436, as amended.

The Agreement consolidates the previously approved Town Center West (Silverleaf) Road Network Agreement and the subsequent four amendments and introduces new terms to expedite the construction of New Independence Parkway. Under the terms of the current agreement, as amended, New Independence Parkway is a partnership project required to be delivered as development activity occurs within portions of Town Center, to be funded entirely via developer payments into an escrow account or transportation impact fee credits for 100% of eligible costs. The design, engineering, and permitting phases for New Independence Parkway have now been completed, needed right of way has been or is being conveyed, and contractor bids have been received for the project. However, developer funding is not available at this time to fully fund the anticipated c...

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