HomeMy Public PortalAboutMOU Charleston PlaceMEMORANDUM OF UNDERSTANDING
December 6, 2023
Subject: Charleston Place (the Development)
City of Crestview, Florida & MII Crestview Land, 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 Charleston Place (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 $ 106,200 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
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MH Crestview Land, LLC
BY: Charles Rigdon, Maning Member