TO: Mayor and City Commission
FROM: Cale Curtis, City Manager
DATE: September 17, 2025
Title
CONSIDERATION OF A DEVELOPMENT AGREEMENT FOR THE COCOGATE DEVELOPMENT
BACKGROUND: White Oak Development Group, LLC proposes a Development Agreement pursuant to the Florida Local Government Development Agreement Act, Sections 163.3220-3243, Florida Statutes in order to develop the approximately eight (8) acres located east of SR7/441 and north of Coconut Creek Parkway at 1308-1350 North State Road 7. The proposed development consists of one (1) multi-family building with 287 residential units at a density of 36 dwelling units per acre not to exceed 94 feet in height with eight (8) floors subject to variance approval, and one (1) existing and two (2) additional buildings containing approximately 17,200 square feet of commercial uses.
As part of the development, forty-one (41) of the residential units are anticipated to be designated as moderate income affordable housing units with twenty-one (21) of them being offered for rental for tenants who qualify as “Hometown Heroes” under applicable state law. To assist with making the development proposal the developer is asking the City to provide credits for the Park Impact Fee in exchange for Open Space Improvements, and the City perform lift station improvements in exchange for the developer paying the connection charges. Additionally, an agreement with the CRA to provide funding for the underground powerline waiver associated with the project is being proposed.
RECOMMENDATION: City Commission Discussion
FISCAL IMPACT: TBD
CONTACT PERSON: Cale Curtis, City Manager