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Council establishes Village Landing CDD to finance project infrastructure, directs refinement of effective-date language
Summary
Council approved Ordinance 2026-09 creating the Village Landing Community Development District (CDD) to provide a tax-exempt financing vehicle for on- and off-site infrastructure; council asked staff to revise the ordinance so the CDD’s effective date depends on property closings and conditions.
The Wellington Village Council voted 5-0 to establish the Village Landing Community Development District (CDD) to allow low-cost, tax-exempt financing of public infrastructure for the Village Landing project. The ordinance (2026-09) names initial board incorporators and lays out the district’s boundaries and scope.
Attorney Gingerwald Billing Cochran explained the limits and authorities of CDDs under Florida’s Chapter 190: they are independent special districts that can issue municipal bonds, levy special assessments on property within the district and pay for infrastructure and ongoing operations, but they do not have land-use or police powers. "CDDs provide financing mechanisms and a governance structure for long-term operation and maintenance," she told the council.
Preliminary costs and timing: Developer representatives and staff said the exhibit of anticipated public improvements is preliminary and could be modified, and that a preliminary estimate of infrastructure costs is about $57 million, with roughly $30 million attributed to roads and right-of-way improvements. Council and staff agreed to bring back refined ordinance language on second reading so the CDD would not become effective until closings and required conditions are satisfied.
Why it matters: A CDD allows a developer or landowner to finance roads, stormwater, utilities and other public facilities via special assessments tied to properties inside the district. While the district creates a new taxing unit limited to its boundaries, the village emphasized the CDD’s responsibilities and the public notice and transparency obligations that will apply.
What’s next: Staff will return with revised language on second reading to condition the CDD’s effective date on closings and other positive events noted by council.
