Leesburg commissioners will be considering the annexation of a parcel located in the Villages of West Lake development.
The commission will meet at 5:30 p.m. Monday at City Hall.
The .33-acre parcel is adjacent to County Road 470, approximately one mile east of the Florida Turnpike. If annexed, the current zoning of Lake County Agriculture on the parcel will be changed to City of Leesburg ARD (Age Restricted Development.)
The construction of the Villages of West Lake development is moving forward at a rapid pace.
The development is located north of County Road 470 near the Florida Turnpike and eventually will include up to 2,800 homes. It is located next to the Villages of Southern Oaks in Wildwood, where The Villages Land Company has been cleared to build up to 26,950 homes on 13,637 acres.
Construction of the Villages of West Lake is expected to cost between $900 million to $1.2 billion. Once completed, the city should annually collect $4.5 million in property taxes. The city is planning to use new tax dollars to expand the police department as well as to fund an increase in the number of city employees to handle the increased population. The city expects the Villages of West Lake will be finished and the property taxes on the new homes will be available beginning in 2024, as homes are sold.
