Wellington has the first $28.3 million from selling K-Park. On Tuesday the council votes to put $15 million in reserve and $9.4 million into stormwater pump stations.
Wellington has been paid for the first part of K-Park, the village-owned land on State Road 7. The Village Council votes Tuesday on what to do with the money.
The staff report puts the initial proceeds at $28,341,098. Under Resolution No. R2026-54, the money would be split three ways:
- $15 million into the general fund’s Rate Stabilization Reserve
- $9,383,598 for the Acme Improvement District’s stormwater pump stations improvements
- $3,957,000 back to the Utility Fund, the share it paid when the village bought the land
The item is on the consent agenda for the council meeting at 6:30 p.m. Tuesday, Nov. 10, at Village Hall, 12300 Forest Hill Blvd. Consent items pass in a single vote unless a council member pulls one out for discussion.
How much K-Park sold for
K-Park covers 71.28 acres at the southwest corner of Stribling Way and State Road 7. In January 2025 the village signed a purchase and sale agreement with Related Ross and Education in Motion for a mixed-use project with apartments, shops, a hotel, restaurants and a school. That is according to the staff report on Ordinance No. 2025-04, which changed the land use to mixed use.
This week’s staff report gives the two prices:
| Portion | Price |
|---|---|
| Related Ross portion | $31 million |
| West portion, for a school | $16 million |
| Total | About $47 million |
The school portion is expected to close in December 2026, the report said. That money would go to the village’s Strategic Capital Investment Reserve.
The plan behind the split
The split follows the long-range financial plan the council reviewed at its May 13, 2026, workshop, according to the staff report. That plan recommended:
- up to $15 million for the Rate Stabilization Reserve
- $10 million for the Acme stormwater pump stations
- $22 million for strategic capital investment
The staff report’s figures do not all match to the dollar. The resolution appropriates $24,383,598, while the fiscal impact line gives $24,366,073. The difference is $17,525.
Also on Tuesday’s agenda
The council meets as a workshop at 4:30 p.m. Monday, Nov. 9, to review the agenda. The full agenda for Nov. 10 also includes:
- PFAS settlement money. $2,293,776.31 from PFAS public water system settlement payments would go to upgrades at the membrane water treatment plant (Resolution No. R2026-33).
- A $4.6 million state grant. The Florida Department of Environmental Protection grant pays for the Wellington Water and Sewer Extension Project (Resolution No. R2026-58).
- Booster Pump Station No. 1. A guaranteed maximum price of $5,896,206 with Wharton-Smith Inc., plus $309,088 for Kimley-Horn and Associates to handle engineering during construction.
- The Mall at Wellington Green civic site. A third amendment to the 2024 settlement with Brefrank Inc. would push the latest closing date for the 10-acre civic site on Forest Hill Boulevard from Nov. 7, 2026, to Dec. 31, 2027. The council agreed in 2024 to sell the site for $11 million to settle Brefrank’s 2021 lawsuit over the land’s conservation designation. The staff report said the village is still clearing its title in court and expects to close “well before” the new date.
- A hearing on Ordinance No. 2026-20. This is the House Bill 399 plan amendment on how new homes must fit next to existing ones. Background: the Rustic Ranches RV grooms’ quarters and HB 399 ordinances.
- Affordable housing fee waivers. NuRock’s two 106-unit Live Local projects ask the village to waive impact and permit fees. Details of the two projects and their rents.
- Casa Nella Foresta. As the Acme board, the council would designate the community’s unit of development, the next step in rebuilding its two private roads.
- Employee health insurance. A Cigna plan at about $7,361,484 a year.
- The Wellington Tennis Center is recognized for winning a 2026 USTA Outstanding Facility award.
What it means for you
The K-Park sale has turned village-owned land into about $47 million in cash. Most of the first payment would sit in reserve or go into flood control, not new spending.
You can speak during public comment at Tuesday’s meeting. Any council member can pull the K-Park resolution off the consent agenda for a separate discussion. The village’s budget and tax rate are on our property taxes page, and who to call at Village Hall lists the clerk’s office.
Have your say