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File #: 26-0201    Version: 1 Name:
Type: Recommendation Status: Consent Agenda
File created: 1/21/2026 In control: Public Works Department
On agenda: 2/10/2026 Final action:
Title: Approval and execution of (1) Alternative Mitigation and Proportionate Share Agreement for Silver City Properties, LTD. - Full Sail Student Housing Aloma Avenue and Semoran Boulevard by and between Silver City Properties, LTD. and Orange County to provide for a proportionate share contribution in the amount of $1,961,386 to be applied towards a pedestrian bridge over University Boulevard and (2) Escrow Agreement by and among Silver City Properties, LTD., Orange County, and Orange County Comptroller to hold funds and disburse payments associated with approved costs for the pedestrian bridge. District 5. (Roadway Agreement Committee)
Attachments: 1. 2.10.2026_26-0201_Executed ALTERNATIVE MITIGATION AND PROPORTIONATE SHARE AGREEMEN, 2. 2.10.2026_26-0201_Executed Escrow Agreement
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Interoffice Memorandum

DATE: January 21, 2026

TO: Mayor Jerry L. Demings and County Commissioners

THROUGH: N/A

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

CONTACT: Renzo Nastasi, AICP, Chairman

PHONE: (407) 836-7964

DIVISION: Roadway Agreement Committee

ACTION REQUESTED:
title
Approval and execution of (1) Alternative Mitigation and Proportionate Share Agreement for Silver City Properties, LTD. - Full Sail Student Housing Aloma Avenue and Semoran Boulevard by and between Silver City Properties, LTD. and Orange County to provide for a proportionate share contribution in the amount of $1,961,386 to be applied towards a pedestrian bridge over University Boulevard and (2) Escrow Agreement by and among Silver City Properties, LTD., Orange County, and Orange County Comptroller to hold funds and disburse payments associated with approved costs for the pedestrian bridge. District 5. (Roadway Agreement Committee)
body

PROJECT: N/A

PURPOSE:
The Roadway Agreement Committee has reviewed two agreements related to a proposed Full Sail Pedestrian Bridge over University Boulevard. While the construction of the pedestrian bridge is proposed to be subject to a separate Pedestrian Bridge Agreement (Construction, Operation, Maintenance and Ownership), there are two agreements addressing the County's financial contribution to this public project. The first is the Alternative Mitigation and Proportionate Share Agreement for Silver City Properties, LTD. - Full Sail Student Housing Aloma Avenue and Semoran Boulevard (the "Alternative Mitigation Agreement") by and between Silver City Properties, LTD. and Orange County. The second is the Escrow Agreement (the "Escrow Agreement") by and among Silver City Properties, LTD. (Owner), Orange County and Orange County Comptroller (Escrow Agent).

As detailed in the Alternative Mitigation Agreement, the Owner proposes to develop a mixed-use student housing project consisting of up to 1,800 beds and 6,375 sq. ft. ...

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