Placement: First Reading of Ordinances
Action Requested: Motion / Vote
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Ordinance 26-57, an Ordinance to Establish the McCarty's Choice Community Development District
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Submitted By: Russell Ward, Deputy City Attorney
Strategic Plan Link: The City's Goal of high-quality infrastructure and facilities.
Executive Summary (General Business): McCarty Town Development, LLC, (the "Petitioner") has submitted a petition to the City of Port St. Lucie requesting the adoption of an ordinance establishing the McCarty's Choice Community Development District
Presentation Information: Questions will be answered upon request.
Staff Recommendation: Move that the Council approve the Ordinance
Alternate Recommendations:
1. Move that the Council amend the recommendation and approve the Ordinance
2. Move that the Council not approve the Ordinance.
Background: A Community Development District ("CDD") is an independent unit of special purpose local government authorized by Chapter 190, Florida Statutes, to plan, finance, operate and maintain community-wide infrastructure in large, planned community developments. CDDs provide a "solution to the state's planning, management and financing needs for delivery of capital infrastructure to service projected growth without overburdening other governments and their taxpayers." See section 190.002(1)(a), Florida Statutes.
A CDD is not a substitute for the local, general-purpose government in which it lies. A CDD does not have the permitting, zoning, or police powers possessed by general purpose governments (e.g. City of Port St. Lucie). A CDD is an alternative means of financing, constructing, operating, and maintaining community infrastructure for planned developments.
The exclusive and uniform method for establishment of a CDD of less than 2,500 acres in size, if all the land in the area for the proposed district is within the territorial jurisdiction of a municipal corporation, is pursuant to an ordinance adopted...
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