Placement: Resolutions
Action Requested: Motion / Vote
title
Resolution 22-R18, Accepting the Conveyance of Two Parcels of Real Property Described as Tract 3 and Tract 4, Tesoro Plat No. 17, According to the Plat Thereof as Recorded in Plat Book 44, Page 8, of the Public Records of St. Lucie County, Florida, from RM Tesoro LLC to the City, in Accordance with a Land Swap Agreement.
body
Submitted By: David Graham, Assistant City Manager
Strategic Plan Link: The City's Goal of a high-performing city government organization.
Executive Summary (General Business): The City Council is requested to approve a resolution accepting the conveyance of two (2) parcels of real property located in the Tesoro Planned Unit Development (PUD) and described as Tract 3 and Tract 4, Tesoro Plat No. 17, according to the plat thereof, as recorded in Plat Book 44, Page 8, of the Public Records of St. Lucie County, Florida, in accordance with a Land Swap Agreement, to enable a trade for 8 vacant residential lots owned by the City and located within the Tesoro PUD.
Presentation Information: Staff will be available to respond to questions as may be needed.
Staff Recommendation: Move that the Council approve the Resolution.
Alternate Recommendations:
1. Move that the Council amend the recommendation and approve the Resolution.
2. Move that the Council provide staff direction.
Background: The City Manager was approached by a representative for RM Tesoro LLC offering to exchange two parcels, described as Tracts 3 and 4, owned by RM Tesoro LLC located along SE Southbend Blvd. totaling 4.504 acres for 8 single-family vacant residential properties located within the Tesoro PUD previously escheated to the City by the St. Lucie County Board of County Commissioners.
Issues/Analysis: N/A.
Financial Information: In accepting the trade of the two offered parcels (Tracts 3 and 4), the City’s annual obligation will by $3,458.86 (Ad Valorem: $760.50, Stormwater: $2,172.24, and Tesoro CDD $512.12). This may be reduced to $2,698.00 if ad valorem property taxes qualify for exemption. However, by trading the 8 City-owned residential lots to RM Tesoro LLC, these lots may be sold for single-family home construction with eventual addition to the City’s Ad Valorem Tax Roll. This trade will also relieve the City of the annual carrying costs of applicable special assessments for these properties (FY21/22 obligation: $46,065.05).
Special Consideration: Contemporaneously with this Resolution, City Council will be considering an Ordinance on second reading which authorizes the conveyance of the 8 vacant residential lots owned by the City to RM Tesoro LLC, in order to fully authorize this exchange of real property as contemplated by the Land Swap Agreement.
Location of Project: Tesoro Planned Unit Development
Attachments:
1. Proposed Resolution
2. Land Swap 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: 7077
Legal Sufficiency Review:
Reviewed by Margaret M. Carland, Deputy City Attorney. Approved as to Legal form and sufficiency by James D. Stokes, City Attorney.