REAL ESTATE DEVELOPER RIVERGATE - PALM DISTRICT PROPERTIES

The City of New Port Richey is seeking a qualified real estate developer to purchase and develop approximately 5.73 acres of CRA-owned property in the Rivergate - Palm District area. The project must incorporate the construction of a stormwater treatment basin and other grant-funded elements. The city envisions a 5-story residential community with an inundation pond, but is open to unique concepts. The developer will be responsible for implementing a desired and approved project that supports the city's investments in the district, including mixed-use residential, retail, and commercial buildings. • The project must include the construction of a stormwater treatment basin with a minimum capacity of 0.625 acre-feet • The project must include the installation of approximately 900 linear feet of 42-inch stormwater pipe • The project must include the construction of supporting manholes and outfall structures • The project must demonstrate that stormwater from the full drainage basin will be effectively treated, with clean water discharged to the Pithlachacotee River