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HomeMy Public PortalAboutCrestview Dental OfficeMEMORANDUM OF UNDERSTANDING December 14, 2022 Subject: Crestview Dental Office (the Development) City of Crestview, Florida & KWP Properties, LLC (the Developer) Based upon the City of Crestview Engineering Standards Manual Chapter 5.1, this Memorandum of Understanding is in reference to the proposed Crestview Dental Office (the Development) and has been provided with the following acknowledgements: • The Development generates significant traffic capacity impacts to the surrounding roadway network and no offsite roadway improvements are proposed as part of the Development. • The City of Crestview is constructing offsite roadway improvements to mitigate traffic impacts. • The developer shall participate in cost not to exceed the total amount of $4,100 to be held in escrow by the City of Crestview for these proposed improvements. This cost was determined by an established per trip cost based on total average trips per day generated by the development. The obligation to deposit the money in escrow and participate shall occur before the Development Order is issued. City of Crestview J.B. Whitten, Mayor �j�n Vr Mary.inne chr ler, City Clerk K IWP Properties, LLC BY: Kaycee Wilcox, Owner