PINELLAS PARK — Council members here have tentatively agreed to forgo $85,500 in fees if a company builds an industrial park after annexing into the city.
If the council gives final approval to the deal at its Dec. 13 meeting, then about 9.8 acres belonging to Pinellas 126th Avenue LLC will become part of Pinellas Park.
The company plans to build an 18-lot industrial park on the land, located east of 5601 126th Ave. N. The park would have a total square footage of about 202,500 square feet. Officials estimate the park would bring in about $29,628 in taxes and fees each year.
Pinellas Park is not only waiving development fees, provided the park is built within the next three years, it has also agreed to other items. Those include waiving the requirement that a sidewalk be built on the south side of the property, which abuts 126th Avenue.