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School Concurrency Proportionate Share Mitigation Agreement With The School Board of Hernando County, Florida, and Shady Oaks Project, LLC, for Shady Oaks Project Subdivision
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BRIEF OVERVIEW
Shady Oaks Project, LLC submitted an application for a Conditional Plat for the Shady Oaks Project (Application No. 1514955) for 196 single-family units to be constructed on the project site, referenced in Exhibit B to the attached agreement. The conditional plat was reviewed by various County agencies and found to be consistent with County standards.
During the School Board of Hernando County, Florida’s review of the School Concurrency application, it was found that, based on the adopted Level of Service Standards, adequate school capacity for 18 high school students projected to be generated by the development is not available within the school Concurrency Service Area(s) in which the Proposed Development is located nor within any contiguous school Concurrency Service Area(s). Additionally, adequate school capacity was found not to be in place or under actual construction within three (3) years after the Local Government’s approval of the Proposed Development.
Hernando County, the School Board, and Shady Oaks Project, LLC must enter into the attached School Concurrency Proportionate Share Agreement to provide mitigation options to satisfy the deficit in available school capacity and allow the Certificate of Concurrency to be issued for the subject development.
FINANCIAL IMPACT
There is no financial impact for the subject agreement.
LEGAL NOTE
The Board is authorized to act on this matter pursuant to Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended that the Board approve and authorize the Chairman’s signature on the attached School Currency Proportionate Share Mitigation Agreement - Shady Oaks Project, LLC for the Shady Oaks Project Subdivision.