Placement: Second Reading of Ordinances
Action Requested: Motion / Vote
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Ordinance 25-45, an Ordinance of the City of Port St. Lucie, Florida, Authorizing the Acquisition of Real Property from St. Lucie County Described as Tract K, Port St. Lucie Section Sixty-One, According to the Plat thereof, as Recorded in Plat Book 24, Page 6, of the Public Records of St. Lucie County, Florida, and Authorizing the Conveyance of a Lease Agreement to St. Lucie County for Said Real Property; Providing for Conflict; Providing for Severability; Providing an Effective Date.
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Submitted By: Jennifer Davis, Community Redevelopment Agency Director
Strategic Plan Link: The City's Goal of high-quality infrastructure and facilities.
Summary Brief (Agreements/Contracts only)
1. Prepared by: Jennifer Davis, Community Redevelopment Agency
2. Parties: City of Port St. Lucie (Buyer / Lessor) and St. Lucie County (Seller / Lessee)
3. Purpose: As the City and its government continues to grow, the City has the need for additional space for use and development. Having the opportunity to purchase a well-maintained building versus new construction allows this goal to be achieved in a shorter period and with less cost associated. It also allows for much needed growth and expansion for the main city hall complex while moving various City departments to locations necessary in the eastern development of Port St. Lucie.
4. New/Renewal/Modified: New
5. Duration: Pursuant to the Purchase and Sale Agreement, the Inspection Period is ninety (90) days, with a Closing Date thirty (30) days thereafter.
6. Benefits to Port St. Lucie: As the Buyer, the City of Port St. Lucie is securing ownership of real property located at 1664 SE Walton Road. This acquisition will provide for a variety of departments and services to be accessed on the eastern side of Port St. Lucie, as well as provide for much needed office space for City Staff.
7. Cost to Port St. Lucie (Annual and Potential): The Purchase a...
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