Placement: Resolutions
Action Requested: Motion / Vote
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Resolution 26-R01, Authorizing the Acquisition of Real Property from FGC, Inc., Described as Tracts C and F, Bridge Plaza, According to the Plat thereof, as Recorded in Plat Book 24, Pages 23 through 23B, of the Public Records of St. Lucie County, Florida.
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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) and FGC, Inc. (Seller)
3. Purpose: As The Port District Master Plan continues to be implemented and The Port District itself grows in popularity, there has been a greater need for additional parking in closer proximity to the Botanical Gardens, Pioneer Park and The Boardwalk. The parcels being purchased, Tract C and Tract F, are the two parcels adjacent to the City-owned land where the Boardwalk connects upland at Bridge Plaza. Acquisition of the parcels will allow for a formal parking area plan to be developed, as well as a small restroom structure, some furniture, and shade amenities. Acquisition of the parcels also allows for greater visioning on gateway features for The Port District.
4. New/Renewal/Modified: New
5. Duration: Pursuant to the Purchase and Sale Agreement, the Inspection Period is thirty (30) days, with a Closing Date thirty (30) days thereafter, or by March 31, 2026.
6. Benefits to Port St. Lucie: As the Buyer, the City of Port St. Lucie is securing ownership of real property at one of the primary gateways into The Port District. Once improvements are made, this acquisition will provide for additional parking to support patrons of The Port District.
7. Cost to Port St. Lucie (Annual and Potential): The Purchase Price is $300,000.00, which is below the Just / Fair Market Value of $517,900, as established by the St. Lucie Co...
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