12. Motion to Adjourn.

City Commission Meetings · 2026-05-26 · agenda_item

A new Community Development District (CDD) is under review for a 1,200-acre property located east of John Pitts Road and north of Old Majette Tower Road. SE Land Dev, LLC, representing the property owner CBD Holdings, LLC, has petitioned the City of Panama City to establish this district. The proposed CDD aims to fund the construction of major subdivision infrastructure, including water, sewer, roads, and stormwater systems, with an estimated cost of $120,922,500. This project is currently in the first of two public hearings, indicating an early stage in the review process. The work will involve site clearing, grading, underground utility installation for water and sewer, road construction, and stormwater management facilities. Local contractors, suppliers, and service providers in construction, utilities, and site preparation can explore opportunities by engaging early, before final plans and permits are established. This early engagement allows businesses to understand the project's scope and potential needs.

acre

1200 acre

dwelling unit

1800 dwelling unit

square foot

450000 square foot

estimated cost

120922500 USD