HomeMy WebLinkAbout2025 06 23 Public Hearing 404b. - Applicant Provided documents - Tuskawilla Retail Partners II, LLC06 24 2025 - Additional information provided and referenced by the
legal rep for Tuskawilla Retail Pertners ll, LLC during Public Hearing
Item 404 at the June 23, 2025 City Commission Regular Meeting
Original Development Agreement terms:
First Modification terms:
Developer Contributions via the Town Center project:
1. In 2017, Developer spent nearly $2 million installing infrastructure for the entire
Town Center:
• Roads
• Stormwater ponds
• Lift Station
• Utilities (installation and oversizing to allow future development)
The recorded Development Agreement makes clear that this work, including the arbor fee
already paid, was intended to cover all current and future phases. Developer would not
have undertaken that level of improvement otherwise.
2. Also in 2017, Developer paid the final arbor fee of $149,660 as set out in the First
Modification to the recorded Town Center Development Agreement.
3. The original Development Agreement has governed on previous requests to the city
for this phase – including requests to develop more multi-family product which were
denied.
4. The new tree mitigation fee of $227,000 appeared after Developer had:
• A staff approved site plan,
• Secured financing, and
• Executed contracts with end-users.
5. Adding a six-figure cost at this stage creates a significant hardship.
Public Benefit:
• This project represents $50+ million of new development and will result in
millions of dollars in incremental property and sales taxes for the City.
• Additionally, the community will benefit from additional neighborhood retail,
services, and for-sale housing.
• Construction of Sea Hawk Cove at a cost of appx. $1M
Requested Commission Motion
1. Primary request: Acknowledge the duplicative nature of the arbor fee and waive the
additional $227,000 tree-mitigation fee
2. Alternative request: If a full waiver is not feasible, reduce the fee by at least 50 % to
match the original discount given to Developer and keep the project financially viable.
3. Given our contractual obligations to end users and project timing constraints, we
need to move approval of the Development Agreement forward this evening.