Overview

Description

Development of Regional Impact (DRI) Rescission: Recent changes to the State
DRI regulations have resulted in significant benefits to property owners of DRI
projects such as Sunwest Harbourtowne . Property owners may now elect to rescind the State DRI approval in exchange for a local County approved Master Planned Unit Development (MPUD).
The rescission of the State DRI allows the property owner to reduce or eliminate
certain obligations that were previously imposed by the State as a condition of the
DRI approval. The County MPUD approval is made on a local level and eliminates
further State level review.
The owner has engaged local land use attorney to coordinate the
State DRI rescission process and initiate the County MPUD process. Ms. Wilhite
previously served as staff attorney for Pasco County Government.
The creation of a new County MPUD provides the opportunity to revise the existing
site plan, to add new land uses, changes to existing densities, and/or modifications
to existing development conditions.
The owner and consultant recently met with County Officials to inform
them of our plan to rescind the existing DRI approval and establish a new site plan
with potentially increased densities and building heights. Master Utility Plan:
The owner has engaged Stantec to design an overall Master Potable Water and
Sanitary Sewer Design Plan and to engage Pasco County Utility Department to
initiate negotiations for the necessary water and sewer service agreements.

Highlights

• The approvals included the flexibility to increase or decrease the various land uses by trading one use for another.
• Mixed Use Resort Development of 2,500 residential units; 250,000 sf commercial; 50,000 sf office; 250 room Hotel; 500 slip Marina (150 dry/350 wet)and 18 hole golf course.
• The owner has contributed $3MM in cash; 30+ acres of land and $2MM in site work to co-develop a Water Oriented County Park on 300 acres of adjoining County owned land.
• ROCK MINE LOCATED ON PROPERTY: Owner can supply all materials for Roads and infrastructure
• 3 miles of Waterfront land and total land acres 1,073
• Joint Venture Partnership option with Equity contribution.

Documents

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