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Commission approves first reading for Main Street CDD ordinance, staff to refine terms
Summary
The City Commission gave first reading on an ordinance to create a Community Development District (CDD) for the Main Street at Coconut Creek project, a petitioner‑driven special district proposed to finance and manage public infrastructure within the roughly 85‑acre development.
The City Commission gave first reading on an ordinance to create a Community Development District (CDD) for the Main Street at Coconut Creek project on March 13, 2025. The petition, filed by GSRRE Partners, LLC, covers approximately 85 acres in the city’s regional activity center and lists an estimated $84 million in public infrastructure improvements that could be financed, constructed and maintained by the proposed CDD.
City staff and the petition attorney explained the CDD’s purpose and limits. Ginger Walt (counsel for the petitioner) and city staff said a CDD is a special-purpose unit of local government authorized by Florida law to issue tax-exempt bonds for public infrastructure and levy non-ad…
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