TO: Honorable Mayor & Members of the North Port Commission
FROM: Jonathan R. Lewis, ICMA-CM, City Manager
TITLE: GEN-16-026 Development Agreement Relating to River Road Stormwater Improvements
Recommended Action
To approve a development agreement with the Sarasota County, West Villages Improvement District, Thomas Ranch Land Partners Village I, LLLP, West Villages Parkway West Associates, LLLP, and West Villages Parkway East Associates, LLLP for the dedication of public facilities.
Background Information
The Development Agreement provides for a public/private partnership which will ultimately produce stormwater facilities to facilitate the widening of River Road and will allow the utilization of the facilities as an amenity to the lands within the City of North Port and maintained by the developer.
The North River Road Improvement project is fully designed and permitted from North of US 41 to I-75. The ponds to accommodate the planned roadway improvements were acquired in April 2008, pursuant to an exchange agreement between Sarasota County and Fourth Quarter Properties XXXII, LLC, a Georgia limited liability company. The permitted plans include required drainage easements along the frontage to capture and convey off-site drainage from adjacent properties.
Thomas Ranch Land Partners Village I, LLLP, West Villages Parkway West Associates, LLLP, and West Villages Parkway East Associates, LLLP (Land Partners, West Associates, and East Associates, collectively referred to as "the Developers") own approximately 431.85 acres of land within the corporate limits of the City of North Port, north of U.S. 41 along N. River Road, which will be developed as two residential projects. The Developers are not agreeable to conveying the easements required under the existing project design because of the impacts to their development plans. Therefore, in conjunction with the development of the projects, referred to as Village A and Village B, the Dev...
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