Sanford Commission Approves Rebate for New Mixed-Use Development
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Meeting Type:
City Council
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Meeting Date:
03/25/2024
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Recording Published:
03/25/2024
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Duration:
88 Minutes
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State:
Florida
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County:
Seminole County
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Towns:
Sanford
- Meeting Overview:
In a recent Sanford City Commission meeting, a development project by Trafford Holdings LLC was approved, which will bring a new mixed-use structure to the southwest corner of East 2nd Street and Pal Avenue. This new development is projected to generate substantial property taxes for the city and align with Sanford’s long-standing objective of promoting mixed-use developments downtown. The meeting also incorporated discussions on various city proclamations, rezoning matters, economic incentives, and community engagement initiatives.
The managing partner of Trafford Holdings LLC, Dan Matthews, presented the project, which includes two four-story buildings housing 28 apartments and 8,000 square feet of commercial space. Illustrating the potential financial benefits, Matthews stated that the new development is expected to contribute approximately $140,000 in property taxes, with Sanford receiving an estimated $58,000. He emphasized that this revenue would exceed what an average single-family home could provide and that the development would not necessitate additional infrastructure. Additionally, the project anticipates a 100% tax rebate for five years, totaling $1,900, as part of an economic incentive to foster growth in Sanford’s downtown area.
The commission discussed the merits of the rebate, considering the developer’s successful past projects and their contributions to the city’s tax base and community atmosphere. Some commissioners voiced support for the project and the economic stimulus it could bring. Others raised concerns about the precedent of incentives and possible reductions in tax revenue. Despite differing viewpoints, the commission ultimately approved the proposal, acknowledging the potential for positive long-term impacts on the local economy and urban development.
Furthermore, the meeting addressed the rezoning of a 4.67-acre property for a plumbing business, including an agreement on the installation of an 8-foot vinyl fence and appropriate landscaping as part of the negotiations between the applicant and adjacent property owner. The applicant conveyed appreciation for the commission’s patience, and the business was formally welcomed to Sanford upon reaching a consensus.
The commissioners also engaged in a public hearing on ordinance 4773, which considered granting an economic incentive to Trafford Holdings LLC. The city’s economic development representative highlighted the importance of determining the project’s eligibility for the incentive program, comparing it to the San Leone project’s impact on downtown Sanford. The commission deferred a decision until receiving additional information from the Property Appraiser’s office on the matter.
Proclamations were an important part of the meeting, with April declared as water conservation month. This included a partnership with the local Cooperative Extension Service and Lowe’s for Earth Day week activities. The commission was also invited to participate in a community cleanup event, part of National Community Development Week, which recognizes the program’s contributions to enhancing the city’s physical, economic, and social conditions.
The meeting’s agenda extended to practical city matters, such as the approval of a construction contract for downtown backflow prevention, a budget amendment for a freezer project at City Hall, and the procurement of vehicles and equipment for new Community Service Officer positions. The commission also approved a redesign of a project layout, which now includes EV ready charging stations and adjustments to the entryways and other features of the design.
Community engagement and local business developments were not overlooked during the meeting. One commissioner expressed gratitude for support during a recent hospital stay and addressed noise ordinance enforcement. Another commissioner apologized for the recall efforts targeting them and highlighted the importance of community involvement. There were also acknowledgments of the parks department’s responsiveness to a damaged gate and participation in a local business opening. Discussions also touched upon a block party, a glass-blowing and axe-throwing business, the condition of the Civic Center parking lot, and the grand opening of affordable housing units.
Art Woodruff
City Council Officials:
Sheena Britton, Kerry S. Wiggins, Sr., Patrick Austin, Patty Mahany
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Meeting Type:
City Council
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Meeting Date:
03/25/2024
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Recording Published:
03/25/2024
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Duration:
88 Minutes
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Notability Score:
Routine
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State:
Florida
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County:
Seminole County
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Towns:
Sanford
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