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Council approves first reading of Bahama Island phase 2 development agreement with unit limits and mitigation fees
Summary
Council held a public hearing and approved first reading of an amended and restated development agreement for Bahama Island Phase 2 that caps residential units at 137 and sets per-unit fees and off-site road-improvement triggers.
The North Myrtle Beach City Council held a public hearing and approved first reading of an amended and restated development agreement for Bahama Island Phase 2, which limits the residential portion of the project to no more than 137 units and establishes several per-unit fees and off-site improvement triggers.
City staff summarized the principal terms included in the amendment: a per-residential-unit park enhancement fee of $400, a beach parking enhancement fee of $1,100 and a public safety enhancement fee of $3,600. The staff presentation said those fees are subject to an annual increase…
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