Subject:
Title
Adoption of Petition to Establish Sun Terra Lakes Community Development District
Developer: Jen Florida 48, LLC (District 5)
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Fiscal Impact:
The Establishment of the District itself would have minimal costs associated with it (monitoring, and receipt and review of reports).
While the Petition outlines certain expectations regarding the parties' (including the County) anticipated obligations (see Exhibit 6 of the Petition), this is done as a means to estimate future financial burdens and is not binding.
Dept/Office:
Planning and Development
Requested Action:
Recommendation
The applicant, Jen Florida 48, LLC, is petitioning the Board of County Commissioners to conduct a public hearing to adopt the attached ordinance, establishing the Sun Terra Lakes Community Development District, and, if so determined by the Board, to make the necessary findings as required by Chapter 190, Florida Statutes, to establish the District.
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Summary Explanation and Background:
The applicant, Jen Florida 48, LLC, is seeking approval of the Establishment of Sun Terra Lakes Community Development District ("District") in compliance with the provisions of Chapter 190, Florida Statutes, providing for the authority of the District; providing for the establishment of the boundaries for the Sun Terra Lakes Community Development District; providing for the designation of the initial board members; providing for the District name; providing for statutory provisions governing the District; and providing for conflict and severability.
The proposed District is comprised of approximately 1,082.242 acres, generally located north and east of the Deer Run Subdivision, west of Babcock Road, and south of Willowbrook Street, more particularly described in the legal description attached as Exhibit A to the Ordinance. The applicant has proposed to establish the District to plan, finance, acquire, construct, operate and/or maintain infrastructure and community facilities which may ...
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