Public Hearing Board of County Commissioners Dissolution of Palazzo Del Lago Community Development District May 5, 2015 Public Hearing Board of County.

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Presentation transcript:

Public Hearing Board of County Commissioners Dissolution of Palazzo Del Lago Community Development District May 5, 2015 Public Hearing Board of County Commissioners Dissolution of Palazzo Del Lago Community Development District May 5, 2015

Palazzo del Lago CDD  BCC enacted Ordinance creating Palazzo del Lago Community development district  Buena Vista Shores PD (hotel/timeshare)  40 acres on Lake Bryan  Property not developed  Landowner requested dissolution  CDD Board of Supervisors approved dissolution & plan of termination  Landowner agreed to indemnify County against any claims against CDD  BCC enacted Ordinance creating Palazzo del Lago Community development district  Buena Vista Shores PD (hotel/timeshare)  40 acres on Lake Bryan  Property not developed  Landowner requested dissolution  CDD Board of Supervisors approved dissolution & plan of termination  Landowner agreed to indemnify County against any claims against CDD

Action Requested Approval of Indemnification Agreement by and between the Board of County Commissioners of Orange County, Florida and IA Orlando Palazzo, LLC.Approval of Indemnification Agreement by and between the Board of County Commissioners of Orange County, Florida and IA Orlando Palazzo, LLC. Approval of an Ordinance of the Board of County Commissioners of Orange County, Florida, providing for dissolution of the Palazzo Del Lago Community Development District and repealing Ordinance Approval of an Ordinance of the Board of County Commissioners of Orange County, Florida, providing for dissolution of the Palazzo Del Lago Community Development District and repealing Ordinance

Public Hearing Board of County Commissioners Dissolution of Palazzo Del Lago Community Development District May 5, 2015 Public Hearing Board of County Commissioners Dissolution of Palazzo Del Lago Community Development District May 5, 2015

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