RESOLUTION APPROVING THE FIRST AMENDMENT TO JOINT DEVELOPMEN

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

The document is a legislative item for a resolution approving the First Amendment to a Joint Development Agreement with Out of Foster Foundation, Inc. and RES-DES Palmetto, LLC for the Palmetto Station Transit-Oriented Development Project. The resolution also approves a Phase I Ground Lease Agreement, a revised Master Plan and Project Schedule, and authorizes the County Mayor to execute agreements. 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, with an optional future phase of a minimum of 212 additional community housing units. The development will include workforce, military, transit operator, and youth housing units, community-oriented commercial space, community office space, station improvements, structured parking, and transit-supportive infrastructure. It will preserve a minimum of 550 dedicated transit-user parking spaces. The First Amendment restructures the project to allow the developer to enter directly into ground leases with the County for each phase. The Board of County Commissioners amended and passed the resolution by a vote of 12-0 on 6/16/2026, and it was assigned Resolution No. R-557-26. The Transportation Committee forwarded it to the BCC with a favorable recommendation on 6/9/2026. The item was introduced on 6/5/2026. The agenda date was 6/16/2026, agenda item number 11A12. The prime sponsor was Juan Carlos Bermudez. The document does not state a specific street address, parcel/folio, acreage, or square footage. The document does not state any public comment or stakeholder sentiment.