Murdock Village Redevelopment Initiative

15. How long will it take to negotiate a redevelopment agreement with the selected proposer?

At this juncture it is difficult to provide any specific timeframe. However, because the County is going to circulate rough drafts in March and April, it is hoped that the process of negotiating and finalizing a redevelopment agreement will move quicker than if the County waited until mid-summer to commence drafting with a selected proposer. This way, in theory, the County will have the benefit of input from all proposers as far as a base redevelopment agreement document is concerned. Again, the nature of the document will ultimately be dictated by the proposal offered by the selected proposer and negotiations could take several months.

This was not unforeseen by the County and the County recognizes that any initial closing of lands within the Murdock Village Community Redevelopment Area will be subject to several conditions precedent or prior obligations on the part of the County. For instance, the County has told the potential redevelopment partners in the request for proposals to assume that any obligation to close on a portion of or all of the lands to be conveyed by the County to the proposer for redevelopment purposes is subject to the County first (1) obtaining and providing a letter addressing land use entitlements from the Department of Community Affairs which obviates the need for a development of regional impact [Click here to learn more about determining vested land use entitlements.] ; (2) that the County will initiate and ultimately adopt the necessary amendments to its comprehensive plan which will be consistent with the proposer's development plan, a future redevelopment plan, and appropriate land use changes within the Murdock Village Community Redevelopment Area [Click here to learn more about contemplated comprehensive plan changes.] ; (3) that the County will initiate the process to consider and adopt a redevelopment plan as required by Section 163, Part III, Florida Statues, for the Murdock Village Community Redevelopment Area [Click here to learn more about the Murdock Village Community Redevelopment Agency ] ; (4) that the County will undertake and continue to undertake the acquisition of lands and parcels that have been identified by the developer, if not all of the approximate 1,000 acres which may be available for redevelopment within the Murdock Village Community Redevelopment Area [Click here to learn more about the County's acquisition strategy.]; (5) that the County will process, consider and adopt appropriate resolutions vacating all necessary plats; (6) that the County will provide fee simple title without restrictions now imposed by existing restrictive covenants; and (7) a boundary survey of the property to be conveyed.

All the foregoing are complex responsibilities that will take several months to accomplish. The developer may waive certain of these conditions; however, realistically the earliest date for any initial closing will be during 2005 and maybe 2006. [Click here to view the most current draft of the redevelopment agreement circulated to qualified developers.] Please understand the draft redevelopment agreement is at all times subject to change until approved and executed by the parties.

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Web Site of the Charlotte County Board of County Commissioners
Administrative Complex * 18500 Murdock Circle * Port Charlotte, Florida 33948 * 941.743.1200