Placement: Resolutions
Action Requested: Motion / Vote
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Resolution 23-R57, Authorizing the Mayor to Enter into an Amended and Restated Interlocal Agreement Between the Verano #5 Community Development District, a Community Development District Organized Under Chapter 190, Florida Statutes, and the City of Port St. Lucie, Necessary for Maintaining the Extension of Crosstown Parkway.
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Submitted By: Clyde Cuffy, P.E.
Strategic Plan Link: The City's Goal of high-quality infrastructure and facilities.
Summary Brief (Agreements/Contracts only)
1. Prepared by: Verano Community Development District #5 (District #5)
2. Parties: City of Port St. Lucie and District #5
3. Purpose: The City and District #5 have determined that the Restated Stormwater Agreement should be amended to include under the District #5 responsibilities, maintenance of stormwater pipes relating to Crosstown Parkway.
4. New/Renewal/Modified: Modified
5. Duration: Perpetuity
6. Benefits to Port St. Lucie: Extension of Crosstown Parkway.
7. Cost to Port St. Lucie (Annual and Potential): The City agrees to pay to District #5 an amount of Verano Stormwater Revenue equal to 75% of the net Stormwater Fees collected by the City during each fiscal year upon property lying within the boundaries of the Verano Districts.
Presentation Information: Staff will be available to answer any questions.
Staff Recommendation: Move that the Council approve the Resolution authorizing the Mayor to enter into an Amended and Restated Interlocal Agreement between Verano District #5 and the City of Port St. Lucie for the extension of Crosstown Parkway.
Alternate Recommendations:
1. Move that the Council amend the recommendation and approve the resolution.
2. Move that the Council not approve the amended agreement and provide staff direction.
Background: The Crosstown Parkway extension will be constructed by Kolter Development to provide access to Verano POD G and POD H. The roadway stormwater is designed to flow through the Verano Community Development District boundaries. A portion of the stormwater outfall pipes and related appurtenances, including drainage structures, will be located within drainage easements dedicated to District #5. The City and District #5 have determined that the Restated Stormwater Agreement should be amended to include under the District #5 responsibilities, maintenance of the stormwater facilities that will be located within these drainage easements.
Issues/Analysis: This Resolution authorizes the Mayor to enter into the Amended and Restated Interlocal Agreement between Verano District #5 and the City. The Agreement designates and sets forth the responsibilities of each party regarding maintenance of the stormwater facilities and payment to District #5, an amount of 75% of the Verano Stormwater Revenue from the City.
Financial Information: The City agrees to pay to District #5 an amount of Verano Stormwater Revenue equal to 75% of the net Stormwater Fees collected by the City during each fiscal year upon property lying within the boundaries of the Verano Districts.
Special Consideration: Execution of the Amended and Restated Interlocal Agreement is critical to the Project.
Location of Project: Crosstown Parkway, west of Village Parkway.
Attachments:
1. Resolution
2. Exhibit “A” to Resolution - Second Amended and Restated Interlocal Agreement with Exhibits attached
3. Location Map
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: 9167
Legal Sufficiency Review:
Reviewed by Frank Moehrle, Deputy City Attorney. Approved as to Legal form and sufficiency by James D. Stokes, City Attorney.