Title
Campus Development Agreement (B)
This is an update on the University of Florida Campus Development Agreement (CDA) and the status of Campus Master Plan (B) **ESTIMATED STAFF PRESENTATION 10 MINUTES**
Explanation
On December 18, 2014, the City Commission heard an update (Legistar No. 140528) from City Staff and Linda Dixon, the Director of Planning at the University of Florida on the Campus Master Plan (CMP). During that presentation staff reported that the updated CMP would not have a negative impact on the City’s levels of service standards. On June 4th the UF Board of Trustees (UFBOT) authorized the University’s Sr. Vice President and COO to finalize and execute the Campus Development Agreement (CDA) for 2015-2025, which was sent to the City and Alachua County as a draft for review on April 28, 2015. Once all the parties to the agreement have agreed on the amendments to the CDA, the university will send a final draft to the City and Alachua County as provided for in s.1013.30 (10-19), F.S. The CDA must be adopted following the public hearing process consistent with Ch. 163.3225, F.S. This will require the City to have two public hearings prior to December 31, 2015 to adopt the updated agreement.
City staff has reviewed the existing and proposed CDAs. The 2005-2015 CDA authorized 3,754,336 gross square feet, the net built gross square between January 2005 and June 30, 2015 will be 1,758,474. Based on the authorized versus net built gross square feet the University has approximately 2 million unbuilt gross square feet that was authorized under the current CDA. The current agreement which expires December 31, 2015 provided the City with $19 million in mitigation funds. Given that the University is not projecting to build out the remaining gross square feet over the next 10 years, no additional impacts to the City’s Level of Service (LOS) are expected. However, City and County staff is asking the University to amend section 13.2 of the CDA to ...
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