12. Please describe these requirements and safeguards. 39

City Commission Meetings · 2026-05-26 · agenda_item

This agenda item discusses the requirements and safeguards for establishing a Community Development District (CDD). A CDD is a governmental entity that can finance, construct, and maintain public improvements. While the establishment of a CDD does not change local government approval requirements for construction, it does introduce specific rules for CDD Board of Supervisors, including residency and financial disclosure. The CDD must also adhere to public meeting and public records laws. The process involves providing financial reports, annual audits, and adopting budgets after public hearings. To impose special assessments for projects, the CDD must provide public notice and an opportunity for comment on the assessment methodology. This item is currently under review, indicating an early stage in the public process. The establishment of a CDD would set in motion work related to public improvements, potentially including planning, design, and construction phases. Local contractors, suppliers, and service providers are encouraged to reach out early to understand the potential scope of work and engage before specific bids and permits are finalized.