Placement: Consent Agenda
Action Requested: Motion / Vote
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Approve an Amendment to the Second Amended and Restated Educational Facilities Impact Fee Credit Agreement Between Mattamy Palm Beach LLC, the City of Port St. Lucie and the School Board of St. Lucie County, Florida for the Southern Grove DRI
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Submitted By: Bridget Kean, AICP, Deputy Director
Strategic Plan Link: N/A - Development Application
Executive Summary (General Business): Mattamy Palm Beach, LLC, and the School Board of St. Lucie County have signed an amendment to the Second Amended and Reinstated Educational Facilities Impact Fee Credit Agreement between Mattamy Palm Beach, LLC, the School Board of St. Lucie County, Florida, and the City of Port St Lucie. The Second Amended and Reinstated Educational Facilities Impact Fee Credit Agreement pertains to public school requirements of the Southern Grove DRI and the Annexation Agreement. The purpose of this amendment is to modify the anticipated delivery date for the First School Site. The City Council does need to approve the change prior to the recording of the agreement.
Presentation Information: No formal presentation. Staff will be available to answer any questions.
Staff Recommendation: Move that the Council approve the amendment to the agreement.
Alternate Recommendations:
Move that the Council amend the recommendation and approve the amendment.
Move that the Council not approve and provide staff direction.
Background: Condition 62 of the Southern Grove DRI development order, as approved through Resolution 21-R136 and as amended by Resolution 24-R55, requires a development agreement between the developer of the Southern Grove DRI and the School Board for the dedication of two K-8 school sites. The original agreement was approved on September 17, 2007. It provided for a formula for the reimbursement of educational impact fees that would normally be assessed of dwelling units within the proposed development as well ...
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