Thank you for looking into the proposed Palm Port project. The Palm Port Development Master Plan was heard at the Planning & Zoning Advisory Board Meeting held October 3, 2019 and at the City Commission Meeting held October 22, 2019 and was approved. The Planning Department is currently reviewing the Palm Port Major Site and Development plan and Urban Design Standards Review. Upon Staff approval, a Development Order will be issued and the applicant can then apply for building permits.
We understand that there are questions from the public about this private development. We’ve put together a few key points on this ongoing project, which is far from a done deal. We hope it will help in your search for answers.
While the City supports the push for more affordable housing, the City of North Port is not building Palm Port.
For years, the City of North Port has set aside $50,000 or in-kind service to help support an application by private developers to help bring more affordable housing to the City using the State of Florida Low Income Housing Tax Credit Program (LIHTC).
Southport Development, Inc. came forward with a plan to utilize the funds and submit the application. Their public presentation and Commission discussion to support the application process was noticed and took place on November 11, 2018. You can view that meeting here: (Item 5E).
After a competitive application process, the project utilizing LIHTC program funds was approved by the Florida Housing Finance Corporation.
This process is very preliminary in nature. The applicants have presented their proposals to the City as they prepared to apply for the state program. When chosen by the state, they will now proceed through the City’s normal development process. This allows for much public input. This process includes a neighborhood meeting, for which the applicant is required to notify all property owners within 1,320 feet (1/4 mile) of the property. This process is approved through 2 public hearings, one with the Planning & Zoning Advisory Board and finally by City Commission.
The 8.44-acre site is in the southwestern quadrant of the W Price Boulevard and Citizens Parkway intersection. The area includes a fire station, Commercial shopping. Sarasota Memorial ER. and public transportation stops. The site is also near Toledo Blade Elementary School and the Sarasota County Technical College. The project site is located within Activity Center 5, with Planned Community Development zoning, and has access to all public utilities.
The proposed initial Palm Port development plan has included 126 1-, 2-, and 3-bedroom units, ranging in size from 750 square feet to 1,200 square feet, housed in six buildings which will serve a family demographic. The residential buildings are proposed to be two or three stories with 222 outside parking spaces and are designed to meet the guidelines established within the City’s Urban Design Standards. The project is designed to include Green Building Features.
Based on information from the United States Census Bureau 38.5% of renter households in the City of North Port are ‘cost burdened’ – that is they pay more than 30% of household income towards their housing. To address the ‘cost burdened’ issue, the developer will provide 126 units with rents restricted to target households at 60% and 33% of the Area Median Income.
Ninety percent (90%) of the units will be set aside for residents with family incomes at or below 60% of the area median income and 10% of the units will be set aside for residents with family incomes at 33% of area median income.