DeSantis appointed board outlines its reasons for declaring Disney's last Development Agreement with Reedy Creek null and void

Apr 24, 2023 in "Reedy Creek Improvement District"

Posted: Monday April 24, 2023 1:00pm ET by WDWMAGIC Staff

The Central Florida Tourism Oversight District Board of Supervisors will meet on Wednesday to declare the February 8, 2023, Development Agreement and Declaration of Restrictive Covenants entered into by the Reedy Creek Improvement District and Walt Disney Parks and Resorts void and unenforceable.

Ahead of the meeting, the board has released pages of legislative findings regarding the February 8 agreements that the Central Florida Tourism Oversight District will use to vote to nullify them.

Signed into effect on February 8, just as the Florida House passed the legislation to take control of Reedy Creek Improvement District, the new Developer Agreement gives Disney significant control of the RCID landing and prevents the new board making any changes to the agreement.

As previously mentioned by the board's lawyers at the last public meeting, much of the findings relate to Reedy Creek posting notices of the new Developer Agreement, including their timings and reaching all interested parties.

An example refers to Reedy Creek posting notices in the Orlando Sentinel.

Prior to the January 25 and February 8 Board meetings, the District published notices of intent to consider a development agreement in the Orlando Sentinel. The notices were published on January 18 and 27, respectively. The Orlando Sentinel is a newspaper of general circulation and readership in both Orange and Osceola Counties. Such notices published in the newspaper did not fully inform the public or other property owners of the purposes or contents of the development agreement and how other property owners and the taxpayers of the District were affected by such proposed agreement. 

The document goes on to say that "The benefits of the development agreement are entirely one-sided," and that, "The District receives nothing in return. The only theoretical benefit to the District in the text of the development agreement is that, when Disney obligates the District to construct public facilities that require land that Disney owns, Disney will not 'request payment for the land in excess of fair market value.'"

The final page of the legislative findings, point 92, is "Neither the development agreement nor the restrictive covenants are in the best interest of the District or the taxpayers or public, and the Board has no desire to readopt or ratify such instruments."

You can read the full text here, beginning on Page 8.

On Wednesday, the board will vote to approve the findings and will direct the litigation counsel to have Disney's agreements with Reedy Creek declared void and unenforceable and have them stricken from the public records of Orange and Osceola Counties.

Disney is yet to comment publically on the recent developments.

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mkt9 days ago

Something something gabagool something

MisterPenguin9 days ago

Ohh? Talkin' bout Wegman's are we? The pastrami?... To die fohr.

Figgy19 days ago

It's pronounced Joisey;)

JoeCamel9 days ago

I can hear the accent in that post

Figgy110 days ago

When in the Orlando area we usually shop at Whole Foods over Publix

dmc49310 days ago

@Figgy1 those there are fighting words, bring it on

Figgy110 days ago

Wegmans is much better than Publix for just about everything

LAKid5310 days ago

You needed to go to the #1 party school. 😉 The Publix next to FSU's campus...and right across from fraternity row...was quite buzzing on Wednesday nights. I learned quickly to avoid it on that night.

Comped10 days ago

Really? I've never heard of that and I've been to multiple Publixes around UCF campuses while a student haha.

Captain Barbossa10 days ago

Lucky Florida. All the Publix’s in my area are where the local senior swinger clubs convene 🤢

MisterPenguin10 days ago

That's a Florida wedding shoot.

mkt10 days ago

Brian10 days ago

Sir, this is a Publix thread.

eddie10410 days ago

What good does DeSantis provide being in the Senate ? His personality is as lackluster as his policies and with Trump back in the White House his political future is based on his success. Nobody is gonna be checking for those type of politicians any longer if the next four years turns out be garbage.