Agenda Item # 12.h.
City Commission Regular Meeting - 4:30 pm
- Meeting Date:
- 09/20/2021
- Re
- Savannah Lakes CDD
- Submitted For:
- Linda Cox
SUBJECT:
Legislative Hearing - Ordinance 21-035 Establishing the Preserve at Savannah Lakes Community Development District. FIRST READING
SUMMARY:
A petition to establish Preserve at Savannah Lakes Community Development District was submitted by Kolter group Acquisitions LLC to the City Commission of the City of Fort Pierce, Florida (“City”) pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes. The ordinance will create the Preserve at Savannah Lakes Community Development District (CDD). The proposed CDD is generally located just east of US Highway 1, south of high Pointe, west of Savanna's Preserve and north of Gator Trace PUD. The property is intended to be developed as a single-family or multi-family residential development and contains approximately 125.52+/- acres. The proposed CDD is designed to provide a financing mechanism for the public infrastructure improvements estimated to cost approximately $17,457,000.
RECOMMENDATION:
Adopt Ordinance 21-035
ALTERNATIVES:
Adopt with modifications or do not adopt.
RESPONSIBLE STAFF:
Tanya Earley, Interim City Attorney
COORDINATED WITH:
Linda W. Cox, City Clerk
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| City Manager | Nick Mimms | 09/15/2021 04:32 PM |
- Form Started By:
- Linda Cox
- Started On:
- 09/14/2021 10:09 AM
- Final Approval Date:
- 09/15/2021