Submitted By: Tye Chighizola
presenter
Presentation By: Tye Chighizola
end
Department: Growth Management
STAFF RECOMMENDATION (Motion Ready):
title
Adopt a Concurrency Development Agreement between the City of Ocala and Cradle Holdings, Inc. concerning the approximately 1,008 acres located on SR 200 between SW 66th Street and SW 60th Avenue. This is the second of two public hearings. The first public hearing on the proposed Concurrency Development Agreement was held on Tuesday, May 3, 2022
end
OCALA'S RELEVANT STRATEGIC GOALS:
Economic Hub, Quality of Place
PROOF OF PUBLICATION:
April 22 Star Banner
body
BACKGROUND:
The Ocala City Council will hold a first public hearing on Tuesday, May 3, 2022, to consider a Concurrency Development Agreement to be entered into pursuant to Sections 163.3220 through 163.3243, Florida Statutes, between the City of Ocala (City) and Cradle Holdings (Owner). The Ocala City Council will hold a second public hearing on the proposed Concurrency Development Agreement on Tuesday, May 17, 2022, at 4:00 PM.
The property is approximately 1,008.97 acres, located off SR 200 between SW 66th Street and SW 60th Ave. The City approved a rezoning to a Planned Development (PD) zoning district, Conceptual Site Development Plans, and PD Development Guidelines on October 17, 2017, and April 20, 2021. The Owner intends to develop the property as a mixed-use development, including retail and commercial uses, offices, residential uses, and continuation of existing agricultural uses for a portion of the property.
FINDINGS AND CONCLUSIONS:
The proposed Concurrency Development Agreement addresses the reservation of capacity (3,568 net new external PM peak hour trips) for the 1,008.97 acres. The reservation of capacity granted to Owner by the City shall have a term commencing on the Effective Date of this Agreement and ending on December 31, 2040.
The reservation is based on approved traffic studies dated August 11, 2017, and January 25,...
Click here for full text