b. Impact on State and Local Revenues

City Commission Meeting · 2026-05-11 · agenda_item

The Grace Groves Community Development District is proposing to amend its boundaries. This action is currently under review by the City Commission. The proposed boundary changes are expected to lead to the construction of infrastructure and ongoing maintenance services by the District. Private development within the District will also be facilitated. This project is expected to increase local ad valorem tax revenues through rising property values and generate revenue from impact fees and development permits. The scope of work will likely involve site preparation, grading, utility installation, and road construction for the infrastructure. Following this, vertical construction for private development is anticipated, along with landscaping and final finishes. Local contractors, suppliers, and service providers are encouraged to engage early, as this project is in the planning stages before specific site plans, bids, and permits are finalized, offering an advantage in securing future work.