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Title:
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Resolution 25-GFC-05, Authorizing the Conveyance of Real Property Described as Tract F, First Replat in Port St. Lucie Section Forty-Six as Recorded in Plat Book 25, Page 32, of the Public Records of St. Lucie County, Florida, from the Governmental Finance Corporation to the City of Port St. Lucie.
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Placement: Resolutions
Action Requested: Motion / Vote
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Resolution 25-GFC-05, Authorizing the Conveyance of Real Property Described as Tract F, First Replat in Port St. Lucie Section Forty-Six as Recorded in Plat Book 25, Page 32, of the Public Records of St. Lucie County, Florida, from the Governmental Finance Corporation to the City of Port St. Lucie.
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Submitted By: Jennifer Davis, Director, Community Redevelopment Agency
Strategic Plan Link: The City's Goal to enjoy culture, nature and fun activities.
SUMMARY BRIEF (Agreements/Contracts only)
1. Prepared by: Jennifer Davis, Director, Community Redevelopment Agency
2. Parties: Port St. Lucie Governmental Finance Corporation and the City of Port St. Lucie
3. Purpose: To convey real property located at the southwest corner of NW Blanton Boulevard and NW East Torino Parkway for incorporation into the development of Torino Regional Park
4. New/Renewal/Modified: New
5. Duration: N/A
6. Benefits to Port St. Lucie: The City's Goal to enjoy culture, nature and fun activities.
7. Cost to Port St. Lucie (Annual and Potential): $0.00
Presentation Information: Staff will be available to answer any questions.
Staff Recommendation: Move that the Board approve of the conveyance of real property located at the northwest corner of NW Blanton Boulevard and NW East Torino Parkway.
Alternate Recommendations:
1. Move that the Board amend the recommendation and approve the conveyance.
2. Move that the Board not approve the conveyance and provide staff direction.
Background: In an effort to provide additional land for the development of the Torino Regional Park, the Governmental Finance Corporation (GFC) entered into a Land Swap Agreement with Saint Matilda LLC, whereby the GFC acquired Tract F, First Replat in Port St. Lucie Section Forty-Six, and Saint Matilda LLC acquired Lot 2, Southern Grove Plat 46 for development of a multifamily residential project. With that transaction complete, the GFC now is requesting to convey the land to the City of Port St. Lucie.
Issues/Analysis: The conveyance of Tract F, First Replat in Port St. Lucie Section Forty-Six allows for additional land to be included in the development of Torino Regional Park.
Financial Information: There is no financial impact related to the conveyance of the land.
Special Consideration: This is a companion to Legistar Item 2025-710.
Location of Project: The real property to be conveyed is located at the northwest corner of NW Blanton Boulevard and NW East Torino Parkway.
Attachments:
* Resolution
* Exhibit A to the Resolution - Quit Claim Deed
* 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: 25198-01
Legal Sufficiency Review:
Reviewed by Margaret M. Carland, Senior Deputy City Attorney. Approved as to Legal form and sufficiency by Richard Berrios, City Attorney.
V42 7/10/2024