New Scottsmoor-area Community Development District OK'd
By: Dave Berman, Florida Today
One of North Brevard County's largest landowners received permission Tuesday to create a special taxing district on some of its land as a way to help pay for roads, water lines, sewer lines, underground electrical connections and other facilities within its district.
Miami Corp. and an affiliated company, Swallowtail LLC, came before the Brevard County Commission to establish the Farmton-Brevard Community Development District on 983 acres of land they own in the Scottsmoor area in northwest Brevard. Commissioners unanimously approved the plan.
Eventually, the district is anticipated to have up to 2,306 residential units; 1.15 million square feet of commercial, office and industrial space; a 200-room hotel; and 50,000 square feet of public institutional space, such as schools, medical facilities and fire stations.
Miami Corp. attorney Glenn Storch said creation of the district will have no direct impact on Brevard County property tax revenue, as it will not change the county's tax rate or where the money goes. It will have a separate special tax assessment charged to the landowners within the district.