By Mark Cowling | Florence Reminder
The Florence Town Council has approved a development agreement for Johnson Ranch Estates, formerly known as Florence Ranch, Johnson’s future development on the south side of town.
The project comprises of 1,112 gross acres with the potential for 4,264 dwelling units, according to a memo to the council from the Florence Community Development Department. The portion of Johnson Ranch Estates west of Arizona 79, although still part of the project, is not part of the development agreement because it is owned by Ron McRae.
The term of the agreement is 20 years. Development impact fees for residential development shall be deferred, but not waived, until 500 homes are completed or for three years.
