HomeMy Public PortalAboutMOU Traffic Mitigation Home2 SuitesMEMORANDUM OF UNDERSTANDING
July 17, 2023
Subject: Home2 Suites (the Development)
City of Crestview, Florida & Spire Hotel Group 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 Home2 Suites (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 $21,800 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
/3/41
C
Marann(Sc der, City Clerk
Spire Hotel Group LLC
BY: ann Patel, MGR
A3-4 co-