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Commission approves ordinance establishing Symphony Lakes CDD on first reading
Summary
The commission adopted on first reading an ordinance creating the Symphony Lakes Community Development District, a special-purpose district that can issue bonds and levy assessments within its boundaries to finance and maintain infrastructure; staff and the applicant reiterated the district27s financing is separate from city taxpayer obligations.
The Fort Pierce City Commission adopted on first reading an ordinance establishing the Symphony Lakes Community Development District (CDD) under Chapter 190 of Florida Statutes, authorizing the district27s boundaries, powers and an initial five-member board of supervisors.
City staff explained that the CDD is a financing and long-term operations mechanism commonly used in Florida to fund community…
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