Commission approves developer’s request to push capacity‑fee deadline; one commissioner dissenting
The commission approved a fourth amendment to the Sable Trace development agreement that moves a scheduled capacity‑fee payment to 01/01/2030 and extends subsequent annual payments through 2037. Commissioners asked for interest/compensation options; utilities staff said the developer continues to pay guaranteed revenue on 104 ERCs. Vote: 4–1.
The full story
The City Commission on May 5 approved a fourth amendment to the water and wastewater developers agreement with Sable Trace Development Partners LLC that revises the schedule for capacity‑fee payments.
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