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The Reedy Creek Improvement Act, otherwise known as House Bill No. 486, [1] was a law introduced and passed in the U.S. state of Florida in 1967 establishing the area surrounding the Walt Disney World Resort (the Reedy Creek Improvement District) as its own county governmental authority, which granted it the same authority and responsibilities as a county government.
If it became law, the bill would dissolve any independent special district in Florida established prior to November 5, 1968, including the RCID; the dissolution would take effect June 1, 2023. [37] [38] On April 21, 2022, the bill was passed by the Florida House by a 70–38 vote. [39] DeSantis signed the bill into law the following day. [40]
A certificate of occupancy is evidence that the building complies substantially with the plans and specifications that have been submitted to, and approved by, the local authority. It complements a building permit —a document that must be filed by the applicant with the local authority before construction to indicate that the proposed ...
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Alternatively, a developer who is also a builder may purchase a property with the plans and permits in place so that they do not have the risk of failing to obtain planning approval and can start construction on the development immediately. The financial risks of real estate development and real estate investing differ due to leverage effects. [3]
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