HomeMy Public PortalAboutMOU Tidal Wave Auto SpaMEMORANDUM OF UNDERSTANDING
August 29, 2023
Subject: Tidal Wave Auto Spa (S. Ferdon Ave) (the Development)
City of Crestview, Florida & OLP RW 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 Tidal Wave Auto Spa (S. Ferdon Ave) (the
Development) and has been provided with the following acknowledgements:
• The Development generates significant traffic capacity impacts (395 trips) 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 $22,500 (395
trips x $56.94/trip) 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
B J.B. Whitten, Mayor
Ma snne der, City Clerk
OLP RW Properties, LLC