Placement: First Reading of Ordinances / Public Hearing
Action Requested: Motion / Vote
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Ordinance 26-101, Public Hearing, an Ordinance to Establish the Founders Crossing 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): Founder’s Crossing, LLC, (the “Petitioner”) has submitted a petition to the City of Port St. Lucie requesting the adoption of an ordinance establishing the Founders Crossing Community Development District
Presentation Information: Questions will be answered upon request
Staff Recommendation: Move that the Council approve the Ordinance for consideration at second reading
Alternate Recommendations:
Move that the Council amend the recommendation and approve the Ordinance for consideration at second reading
Move that the Council not approve the Ordinance for consideration at second reading and provide direction
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, ...
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