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City Commission adopts ordinance creating Wedgwick Community Development District amid resident maintenance concerns
Summary
The Lakeland City Commission on a unanimous vote adopted Ordinance 24-061 to establish the Wedgwick Community Development District, a financing and maintenance entity covering 104 acres of the former Wedgwood/Gibson Trails development.
The Lakeland City Commission on a unanimous vote adopted Ordinance 24-061 to establish the Wedgwick Community Development District (CDD), a local special district that will cover 104 of the 128 acres of the Gibson Trails (formerly Wedgwood) development.
The ordinance, approved on second reading, authorizes the district to provide project-based financing and typical CDD functions described by the developer’s counsel, and names an initial five-member board of supervisors. Commissioners voted to adopt the ordinance after public discussion and a roll-call affirming unanimous approval.
Supporters, including petitioner counsel Jerry Earlywine, told the commission a CDD will allow the developer to issue tax-exempt bonds to fund infrastructure such as utilities, stormwater and road improvements; that construction funds are…
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