Placement: Consent Agenda
Action Requested: Motion / Vote
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Motion to Approve the Disposition of Surplus City-Owned real property described as LTC Ranch PUD# 1 Parcel 3 as recorded in Plat Book, Page 40, Page 1 in the Public Records of St. Lucie County, Florida, as per City Policy #18-01ccd.
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Submitted By: Matthew Shiver, Procurement Division Director, Procurement Management Department (PMD).
Strategic Plan Link: The City's Mission to be financially responsible.
Summary Brief (Agreements/Contracts only)
1. Prepared by: Matthew Shiver, PMD.
2. Parties: City of Port St. Lucie City Manager's Office (CMO) and PMD.
3. Purpose: Request to suplus real property.
4. New/Renewal/Modified: N/A.
5. Duration: N/A.
6. Benefits to Port St. Lucie: To surplus real property that is not being utilized.
7. Cost to Port St. Lucie (Annual and Potential): N/A.
Presentation Information: Elijah Wooten, Business Navigator, may present if desired by City Council.
Staff Recommendation: Move that the Council approve the surplus designation of the Subject Property and approve disposing of the Subject Property by utilizing the City's real estate broker.
Alternate Recommendations:
1. Move that the Council amend the recommendation and approve the surplus designation of the Subject Property and approve disposing of the Subject Property by utilizing the City's real estate broker.
2. Move that the Council not approve the surplus designation of the Subject Property and disposing of the Subject Property by utilizing the City's real estate broker and provide direction.
Background: In 2001, the developers of Midway Business Park conveyed 60 acres of real property to the City in exchange for infrastructure improvements for the industrial park. The City designated the land for economic development and conveyed property to businesses that would create jobs and make a capital investment in the real property. The properties conveyed included a reverter clause, so if the company did ...
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