Summary:
The City of Orlando established the Storey Park Community Development District (the "district") pursuant to Chapter 190, Florida Statutes. The district was established in 2015 by City Ordinance #2015-07 and is authorized by state law and the City ordinance to construct, acquire, and maintain certain public infrastructure and services.
The district is comprised of 860.8 acres of land, generally located to the east of the Central Florida Greeneway (State Road 417) and just north and south of the eastern extension of Dowden Road (formerly known as “Innovation Way North”). The district land, along with another approximately 405 acres of land, was annexed into the City of Orlando on November 25, 2013 (formerly known as the “Wewahootee” or “Innovation Place” property).
Community development districts (“CDDs”) are independent special districts established pursuant to Chapter 190, Florida Statutes (known as the “Uniform Community Development District Act of 1980”). They are special-purpose local governments that are established to finance, plan, design, build, and maintain certain community development infrastructure such as stormwater management systems, roads, alleys, sidewalks, and other roadway infrastructure, parks, utilities, landscaping, and other public infrastructure authorized by state law.
The attached proposed interlocal agreement between the City of Orlando and the district would allow the district to plan, establish, acquire, construct or reconstruct, enlarge or extend, operate, and maintain public improvements such as signs, decorative walls and lighting, street light poles and fixtures, pedestrian paths, irrigation systems, landscaping, trees, sod and other plantings, all within existing or future City right-of-way comprising the new extension of Dowden Road. All such improvements will be subject to review and approval by the City prior to installation. The interlocal agreement will also allow the district to perform maintenance to such improvements, including routine landscaping maintenance. |