Placement: Resolutions
Action Requested: Motion / Vote
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Resolution 24-R32, Approve the St Lucie County Tradition Regional Park Impact Fee Credit Agreement
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Submitted By: Kelly Boatwright, Parks & Recreation, Parks Administrator - Projects.
Strategic Plan Link: The City's Goal to enjoy culture, nature and fun activities.
Summary Brief (Agreements/Contracts only)
1. Prepared by: City of Port St. Lucie, St. Lucie County and Mattamy Palm Beach, LLC.
2. Parties: City of Port St. Lucie, St. Lucie County, and Mattamy Palm Beach, LLC.
3. Purpose: The City would enter into an agreement wherein St. Lucie County allows Mattamy Palm Beach, LLC, the ability to collect County Park Impact Fee Credits for construction of the City’s Tradition Regional Park Phase 1 facilities.
4. New/Renewal/Modified: New.
5. Duration: Twenty-four months from effective date.
6. Benefits to Port St. Lucie: There will be additional recreational amenities constructed at the Tradition Regional Park site.
7. Cost to Port St. Lucie (Annual and Potential): Mattamy Palm Beach, LLC, constructed amenities agreement cost = $22,847,418.36. Musco Lighting and Digital Sign City of PSL direct purchase cost = $2,008,000. Total Phase 1b Amenity Construction Cost = $24,855,418.36.
Presentation Information: N/A.
Staff Recommendation: Move that the Council approve the St Lucie County Tradition Regional Park Impact Fee Credit Agreement.
Alternate Recommendations:
1. Move that the Council amend the recommendation and approve the St Lucie County Tradition Regional Park Impact Fee Credit Agreement.
2. Move that the Council provide staff direction.
Background:
Early in 2023 Mattamy expressed a desire to seek County Impact Fee Credits to assist with the construction of the Tradition Regional Park site that will serve both City and County residents. City Staff and Mattamy began working with St Lucie County Representatives to develop a proposed agreement that would benefit all parties.
Issues/Analysis: N/A
Financial Information: City Bond and Reallocated Project Funds = $20,676,290, Mattamy City Impact Fee Credits = $2,100,000, Mattamy County Impact Fee Credits = $2,750,000. Total funds available for Phase 1a and Phase 1b construction = $25,526,290.
Special Consideration: N/A.
Location of Project: 13500 SW Tradition Parkway, Port St. Lucie, FL.
Attachments:
1. Resolution,
2. Exhibit “A” to Resolution - St Lucie County Tradition Regional Park Impact Fee Credit Agreement.
NOTE: All of the listed items in the “Attachment” section above are in the custody of the City Clerk. Any item(s) not provided in City Council packets are available upon request from the City Clerk.
Internal Reference Number: 24100-06
Legal Sufficiency Review:
Reviewed by Elizabeth L. Hertz, Senior Deputy City Attorney. Approved as to Legal form and sufficiency by Richard Berrios, Interim City Attorney.