Bill Type and Number: Ordinance 2007-469

Sponsor: LUZ Committee

Date of Introduction: April 24, 2007

Committee(s) of Reference: LUZ

Date of Analysis: April 27, 2007

Type of Action: Amendment to development agreement

Bill Summary: The bill amends the development agreement between the City and Pablo Developers, LLC to extend the duration of the agreement for development rights in the State Road 9-A/Butler Boulevard/ Baymeadows Road area for an additional 10 years from January 2009 to May 2019. P.m. peak hour trip capacity is reserved at a cost of $2,209 per trip in 2007, escalating by 3.3% per year.

Background Information: The development rights are located in Transportation Management Area Sector B in Council District 13. The Pablo Developers project consists of 2 phases, one of which includes capacity for a mixture of single-family homes, apartments, commercial space and a hotel, and the other of which includes capacity for single-family homes, a hotel, office and commercial space.

Policy Impact Area: Development rights reservation

Fiscal Impact: Undetermined

Analyst: Clements