Placement: First Reading of Ordinances / Public Hearing
Action Requested: Motion / Vote
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Ordinance 26-44, Public Hearing, an Ordinance of the City Council of the City of Port St. Lucie, Florida, Amending Ordinance Nos. 05-20, 06-10 and 21-48, to Contract the Boundaries of the Verano #3 Community Development District Pursuant to Chapter 190, Florida Statutes; Providing for Severability; Providing for Conflicts; and Providing for an Effective Date.
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Submitted By: Elizabeth Hertz, Senior Deputy City Attorney, City Attorney's Office
Strategic Plan Link: The City's Goal of high-quality infrastructure and facilities.
Executive Summary (General Business): The Verano #3 Community Development District (District #3) has requested that the City contract District #3.
Presentation Information: Questions will be answered upon request.
Staff Recommendation: Move that the Council approve the contraction request.
Alternate Recommendations:
1. Move that the Council amend the recommendation and approve the contraction request.
2. Move that the Council not approve the contraction request.
Background: A Community Development District ("CDD") is an independent unit of special purpose local government authorized by Chapter 190, Florida Statutes, to plan, finance, construct, 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), 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 devel...
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