Placement: Resolutions
Action Requested: Motion / Vote
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Resolution 25-R14, a Resolution of the City Council of the City of Port St. Lucie Approving a Third Amendment to the Impact Fee Mitigation Agreement between the City of Port St. Lucie, Accel Florida, LLC, and Accel International Holdings, Inc.
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Submitted By: Elijah Wooten, Economic Development Administrator
Strategic Plan Link: The City's Goal of a diverse local economy and employment opportunities.
Summary Brief (Agreements/Contracts only)
1. Prepared by: Deputy City Attorney Carly Fabien
2. Parties: City of Port St. Lucie , Accel Florida, LLC, and Accel International Holdings, Inc.
3. Purpose: The Accel site (40 acres) was recently re-platted to accommodate Project King, resulting in a revised legal description for the remaining Accel property (16.96 acres). The Third Amendment to the Impact Fee Mitigation Agreement updates the legal description and parcel boundaries.
4. New/Renewal/Modified: Modification
5. Duration: The term of the Impact Fee Mitigation Agreement is (10) ten years from the date of issuance of the Certificate of Occupancy.
6. Benefits to Port St. Lucie: The attraction of Accel International Holding’s manufacturing facility is the creation of 125 jobs and $55 million in new construction and equipment purchases in the Tradition Center for Commerce located in the Southern Grove Jobs Corridor.
7. Cost to Port St. Lucie (Annual and Potential): In 2021, the City of Port St. Lucie City Council approved mitigating $168,555 in impact fees per the Impact Fee Mitigation Agreement.
Presentation Information: Staff will make a brief presentation.
Staff Recommendation: Move that the Council approve the Third Amendment to the Impact Fee Mitigation Agreement between the City of Port St. Lucie, Accel Florida, LLC, and Accel International Holdings, Inc.
Alternate Recommendations:
1. Move that the Council amend the recommendation and approve the Third Amendment to the Impact Fee Mitigation Agreement between the City of Port St. Lucie, Accel Florida, LLC, and Accel International Holdings, Inc.
2. Move that the Council not approve the Third Amendment to the Impact Fee Mitigation Agreement between the City of Port St. Lucie, Accel Florida, LLC, and Accel International Holdings, Inc. and provide staff direction.
Background: In February 2025, the City Council approved a site plan for Project King. Based on the approved Accel site re-plat and change to the legal descriptions for Tract 1 and Tract 2, the Impact Fee Mitigation Agreement is being amended to reference the updated legal description for Tract 1.
Issues/Analysis: Project King is requesting the Accel Impact Fee Mitigation Agreement be amended to reference the updated legal description and re-plat of Tracts 1 and 2.
Financial Information: N/A
Special Consideration: N/A
Location of Project: The subject property is located east of SW Tom Mackie Blvd at the intersection with SW Trade Center Dr.
Attachments:
1. Resolution
2. Exhibit A to the Resolution - Third Amendment to Impact Fee Mitigation Agreement
3. Sketch and description of unified boundary
4. Impact Fee Mitigation Agreement - Accel
5. First Amendment to Impact Fee Mitigation Agreement - Accel
6. Second Amendment to Impact Fee Mitigation Agreement - Accel
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: 25055-13
Legal Sufficiency Review:
Reviewed by Carly Fabien, Deputy City Attorney. Approved as to Legal form and sufficiency by Richard Berrios, City Attorney.