Submitted By: Karen Cupp
presenter
Presentation By: Jeff Shrum
end
Department: Growth Management
FORMAL TITLE:
title
Amended and Restated Concurrency Development Agreement for KAS Ocala Limited Liability Company, pursuant to Chapter 163, Florida Statutes
end
OCALA’S RELEVANT STRATEGIC GOALS:
Quality of Place
PROOF OF PUBLICATION:
Ocala Gazette - October 9, 2026
body
BACKGROUND:
The primary purpose of the request is to consolidate, update, and restate the Original 163 agreement and subsequent amendments into a single integrated concurrency agreement for administrative clarity and easier future administration. Additionally, the Agreement memorializes the rezoning to Planned Development (PD25-0001), approved on May 5, 2026, and the Traffic Study (TIA25-0003), approved on March 19, 2026. The project has Planned Development (PD) zoning (approximately 252 acres) and includes single-family residences, multi-family residences, commercial, retail, office, recreational outdoor uses, and other allowed uses.
On January 13, 2004, the City of Ocala and the original property owner Larry M. Wood, as Trustee, entered into a Concurrency Development Agreement establishing and reserving transportation concurrency capacity for what is known as the “Eastern Property” of the current KAS Planned Development. Since adopting the original concurrency agreement, the subject properties have changed ownership several times.
The current owner, KAS Ocala, LLC (Owner), acquired the property and submitted a request to enter into an Amended and Restated Concurrency Development Agreement (Agreement) pursuant to Chapter 163, Florida Statutes. The benefits, reservations, and obligations reflected in the prior agreement are preserved except as expressly modified. Further, the agreement shall be for a period of 30 years commencing on the effective date, unless it is extended by mutual consent of the Parties in accordance with Section 163.3229, Florida Statutes.
FINDINGS AND CONCLUSIONS:
The proposed changes included in the amended and restated agreement:
• Modifies and consolidates the previous agreement(s) pertaining to the KAS Ocala PD, formerly known as the Ransome Group Investors, LLC PUD, and the Ocala West PUD, dated January 13, 2004.
• Updates and corrects property descriptions.
• Provides a mechanism for tracking trip assignments and available trips.
• Restates the respective rights and obligations relating to:
(i) Continuation of reserved concurrency capacity and associated development rights;
(ii) Completion and connection of remaining segments of SW 44th Avenue project;
(iii) Provides phased planning and construction of the proposed east-west boulevard
(Boulevard Road) improvement; and
(iv) Specifies City cooperation regarding lawful credits and documentation.
• Is consistent with Florida Statutes, Chapter 163, and the City’s comprehensive plan.
Staff recommends approval.
FISCAL IMPACT:
N/A
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
This Agreement will be reviewed and approved for form and legality by City Attorney, William E. Sexton.
ALTERNATIVE:
• Approve with Changes
• Table
• Deny