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Commission approves developer’s request to push capacity‑fee deadline; one commissioner dissenting
Summary
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 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.
City staff explained the amendment responds to developer delays tied to permitting and market conditions and would postpone a scheduled capacity‑fee payment to Jan. 1, 2030, with subsequent annual payments on Jan.…
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