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Council tables Milky Way Community Development District ordinance, asks for clearer ordinance text
Summary
During a public hearing on a proposed community development district (CDD) for the Milky Way development, the council voted to table the ordinance until the next regular meeting and asked city counsel to produce a cleaner, finalized draft for review.
The council held a public hearing on an ordinance (Ordinance 1001) to establish the Milky Way Community Development District under Chapter 190 of the Florida Statutes. Petitioners’ counsel and the council’s attorney explained the purpose of a CDD: to allow a developer to finance infrastructure (stormwater, roads, water/sewer, landscape) via tax-exempt bonds and then, in many cases, turn facilities over to the city.
Why it mattered: Attorneys for the…
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