b. Upon the effective date of this DA , County agrees to post , in a separate TDF

Planning Commission · 2026-05-07 · agenda_item

This item concerns a Development Agreement (DA) related to a Master Planned Unit Development (MPUD) in Pasco County. The agreement outlines how the County will manage Development Tax Funds (TDFs) paid by the Developer for roadway improvements. The County will set aside a specific portion of these TDFs in a separate account. The Developer can receive credits against these funds for actual, reasonable, and eligible costs spent on roadway improvements. These costs include design, permitting, mass grading, soil stabilization, bonding, insurance, testing, construction engineering and inspection (CEI) services, and drainage and mitigation obligations. The agreement specifies limits on the percentage of total construction costs for bonding, insurance, testing, CEI, design, permitting, and construction management. This agreement is currently under review by the Planning Commission. The project will involve site clearing and grading, underground utility work, road and driveway paving, and potentially design and engineering services. Local contractors, suppliers, and service providers involved in site preparation, heavy civil construction, engineering, and material supply may find opportunities as this project moves forward. Engaging early before final bids and permits are established could provide a competitive advantage.

Bonding

1.5 % of total construction contract price

Insurance

1 % of total construction contract price

Testing

3 % of total construction contract price

CEI

12 % of total construction contract price

Design & Permitting

12 % of total construction contract price

Construction Management

5 % of total construction contract price