Placement: Resolutions
Action Requested: Motion / Vote
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Resolution 21-R145, Authorization to Execute the Agreement for Amendment of Dedications on Plat Between the Port St. Lucie Governmental Finance Corporation, a Florida Not For Profit Corporation, and the City of Port St. Lucie, Florida, a Florida Municipal Corporation.
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Submitted By: Wes McCurry, CRA Director
Strategic Plan Link: The City's Goal of a diverse local economy and employment opportunities.
Summary Brief (Agreements/Contracts only)
1. Prepared by: Port St. Lucie Governmental Finance Corporation ("GFC")
2. Parties: Port St. Lucie Governmental Finance Corporation ("GFC") and City of Port St. Lucie Florida ("City")
3. Purpose: City's purchase of approximately 44.2 acres for development of 400,000 to 500,000 square feet of Office use (the "PSA").
4. New/Renewal/Modified: New
5. Duration: n/a
6. Benefits to Port St. Lucie: Removal of plat dedications hindering title to GFC property under contract to Cleveland Clinic, Florida
7. Cost to Port St. Lucie (Annual and Potential): n/a
Presentation Information: A short presentation may be provided by staff or City.
Staff Recommendation: Move that the Council approve the Resolution and direct the Mayor to execute the Agreement.
Alternate Recommendations:
1. Move that the Council amend the recommendation and approve the Resolution and direct the mayor to execute the Agreement.
2. Move that the Council not approve the Resolution and provide staff with direction.
Location of Project:
9.79 acres located at the Southwest quadrant of Interstate 95 and Tradition Parkway comprising the following parcels (the "Property"):
4315-502-0003-000-1 Southern Grove Plat No.8, Water Management Tract No. 1 (9.61 Ac)
4315-502-0004-000-8 Southern Grove Plat No.8, Water Management Tract No. 2 (0.18 Ac)
Background:
SOUTHERN GROVE PLAT NO. 8, as recorded in Plat Book 62, at Page 29 of the Public Records of St. Lucie County, Florida contains on its face...
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