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Palm Coast council approves first reading to create Lighthouse Community Development District
Summary
City council voted 4-1 to approve a first reading establishing the Lighthouse Community Development District, a 67-acre development financing district to support up to 785 residential units and related infrastructure; final adoption is set for Aug. 5.
The Palm Coast City Council on Tuesday approved, on first reading, an ordinance creating the Lighthouse Community Development District (CDD), a special-purpose unit that would fund infrastructure for a planned mixed-use development in the northeast quadrant of Copeland and Roberts Row.
The CDD petition covers roughly 67 acres and would be used to finance roads, utilities and other infrastructure to serve a project the applicant described as up to 785 residential units (664 multifamily units plus 121 townhouses), a 200-slip boat storage area and approximately 200,000 square feet of commercial space. Senior planner Fong Wing told…
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