HomeMy Public PortalAboutMOU Phillips Energy Truck StopMEMORANDUM OF UNDERSTANDING
September 6th, 2023
Subject: Phillips Energy Truck Stop (the Development)
City of Crestview, Florida & Phillips Energy, Inc. (the Developer)
Based upon the City of Crestview Engineering Standards Manual Chapter 5.1, this Memorandum
of Understanding is in reference to the proposed Phillips Energy Truck Stop (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 $39,200.00 to be
held in escrow by the City of Crestview for these proposed improvements. This cost was
deteinnined 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
Maryanne cl .fader, City Clerk
Phillips Energy, Inc.
BY: M pert Phillips, afiager