TO: Honorable Mayor & Members of the North Port Commission
FROM: Peter D. Lear, CPA, CGMA, City Manager
TITLE: Approve the West Villages Developer Agreement (Post Annexation), Establishing System Improvements to be Constructed within the West Villages Improvement District for Fire/Rescue, Law Enforcement, Parks, and General Government and Creating a Method of Reimbursement from Impact Fees Collected within the WVID; Memorandum of Agreement referencing West Villages Developer Agreement (Post Annexation) and Joinder and Consent; and Acknowledging a Joinder and Consent to Dedications, Reservations, Covenants, Restrictions, and Obligations to Convey.
Recommended Action
Approve the West Villages Developer Agreement (Post Annexation) as presented or amended; Memorandum of Agreement referencing West Villages Developer Agreement (Post Annexation) and Joinder and Consent; Joinder and Consent does not require Commission Approval.
Background Information
The West Villages property was annexed into the City of North Port over several years, beginning in 2001, with the final piece being annexed in 2015. The West Villages Improvement District (WVID) was created on June 17, 2004 with enabling legislation in Chapter 2004-456, Laws of Florida for the purpose of financing, planning, and constructing infrastructure within the subject property. On June 26, 2006, the City of North Port, West Villages Improvement District, and Fourth Quarter Properties XXXII, LLC entered into the General Principles of Agreement, which represents the exactions for the developer's proportionate fair share of the City's costs to support the new development.
The General Principles of Agreement (GPA, Attachment 4) set out requirements for land dedications provision of various system improvements, and a method by which the developer would be reimbursed by the City from impact fees. Specific sections addressed Fire & EMS, Law Enforcement, Parks and Recreation, Solid Waste, and General Government. ...
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