RESOLUTION APPROVING THE FIRST AMENDMENT TO JOINT DEVELOPMEN

Board of County Commissioners · 2026-06-16 · resolution

The Board of County Commissioners approved, as amended, a resolution approving the First Amendment to the Joint Development Agreement with Out of Foster Foundation, Inc. and RES-DES Palmetto, LLC for the Palmetto Station Transit-Oriented Development Project, approving a Phase I Ground Lease Agreement, approving a revised Master Plan and Project Schedule, and authorizing execution of related documents. The project is a mixed-use transit-oriented development on County-owned property surrounding and adjacent to the Palmetto Metrorail Station, including a minimum of 929 workforce and community housing units, an optional future phase with a minimum of 212 additional community housing units, a minimum of 550 dedicated transit-user parking spaces, structured parking, commercial space, and transit-supportive infrastructure. The First Amendment restructures the project to allow the developer and affiliated entities to enter directly into ground leases with the County for each phase, improving financeability. The motion passed 12-0, with Senator Garcia absent. The amended resolution was assigned Resolution No. R-557-26.