City of Clermont Council Meeting, November 10, 2026

The City of Clermont Council meeting on November 10, 2026, included an annual investment review from the city’s investment manager, PFM. The portfolio presentation reported approximately $400,000 in interest earned during the quarter, a 4.27% yield at cost and about 5% at market, and purchases of securities yielding above 5%; market-value declines were described as unrealized. No new investment-management contract or procurement award was presented. Council approved comprehensive-plan and rezoning ordinances 2026-0006 and 2026-0007, 5-0, for a proposed 5-acre, 30,000-square-foot development with restaurants and indoor paddle courts, subject to added landscaping and emergency-access conditions. For a separate development, related annexation and land-use measures received conditional 3-2 approval, but the rezoning ordinance failed; therefore, the proposed development was not fully approved. Items 19–21 concerning John’s Lake Auto were tabled to December 8, 2026.

Council considered an unsolicited proposal from Wasan Sports for a multi-sport recreation facility on city property, including pickleball, paddle, and sand courts and clubhouse space. The proposer estimated a $12 million project funded by private equity and/or bank financing and said it was not seeking city funding at this stage. By a 4-1 vote, council authorized staff to negotiate and return with a proposal; this was not final approval of a lease or project. Council raised due-diligence and public-benefit requirements, including financing verification, independent financial review, guaranteed or gross-revenue payments, lease protections, community engagement, noise mitigation, and the impact on existing city courts. Possible tourism-development funds were discussed, but no funding commitment was made. A policy for handling unsolicited proposals is being developed for future council consideration.