TO: Honorable Mayor & Members of the North Port Commission
FROM: Jason Yarborough, ICMA-CM, Interim City Manager
TITLE: Approve the First Amendment to City of North Port, Florida, and Will-Ridge Associates, LLC and Woodoff, LLC Water and Wastewater System Standard Developer's Agreement for the Woodland Office Buildings within the Panacea Development.
Recommended Action
Approve the First Amendment to City of North Port, Florida, and Will-Ridge Associates, LLC and Woodoff, LLC Water and Wastewater Standard Developer's Agreement.
Background Information
Will-Ridge Associates, LLC and Woodoff, LLC entered into a Standard Developer's Agreement (Agreement) with the City of North Port on June 11, 2012, for the Lakeside Marketplace property. The original Agreement granted the Developer 29 Equivalent Residential Connections (ERCs), which have been paid for, and thus reserved. All originally reserved 29 ERCs remain unconnected as the only development that has taken place within the original development area is an educational facility, which is exempt from the payment of impact fees pursuant to Florida State Statute 1013.371.
To complete the Agreement, the Developer desires to reappropriate the initial payment of $62,060 made on May 26, 2004, to reserve 15 ERCs at the current rate of $4,085 per ERC, thereby reducing the Developer's initial reservation of capacity from 29 ERCs to 15 ERCs. As part of this Amendment, the Developer is proposing to increase the number of parcels which can be accommodated by reserved capacity. A map of the proposed additional parcels can be found in Exhibit A-2 of the Amendment, as well as outlined in the Whereas clause. All outstanding and past due guaranteed revenue charges have been paid to date and the Agreement is in good standing.
The First Amendment to City of North Port, Florida, and Will-Ridge Associates, LLC and Woodoff, LLC Water and Wastewater Standard Developer's Agreement has been reviewed by the City Attorney and is legal...
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