Placement: Resolutions
Action Requested: Motion / Vote
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Resolution 26-R10, Authorizing the City Manager or His Designee to Enter into and Execute a True-Up Agreement for Road Impact Fee Credits between the City of Port St. Lucie and Divosta Homes, L.P., Relating to Certain Lots within Veranda Gardens Phases 1 to 3
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Submitted By: Mary Savage-Dunham, Planning and Zoning
Strategic Plan Link: The City's Goal of a high-performing city government organization.
Executive Summary (General Business): This is a request to establish a road impact fee true-up agreement relating to certain lots within Veranda Gardens Phases 1 to 3. Divosta Homes L.P., a subsidiary of PulteGroup, Inc., was assigned credit from Veranda St. Lucie Lands, LLC.
Presentation Information: N/A
Staff Recommendation: Move that the Council authorize the City Manager or his designee to enter into and execute a True-Up Agreement for Road Impact Fee Credits between the City of Port St. Lucie and Divosta Homes L.P., a subsidiary of PulteGroup, Inc., relating to certain lots within Veranda Gardens Phases 1 to 3.
Alternate Recommendations:
1. Move that the Council amend the recommendation and authorize the City Manager or his designee to enter into and execute a True-Up Agreement for Road Impact Fee Credits between the City of Port St. Lucie and Divosta Homes L.P. relating to certain lots within Veranda Gardens Phases 1 to 3
2. Move that the Council provide staff direction and table the item.
Background: Divosta Homes, L.P. ("Divosta") was assigned road impact fee credits by Veranda St. Lucie Land Holdings, LLC. ("Veranda St. Lucie"). After Veranda St. Lucie obtained credits from the City the City adopted and amended its Mobility Ordinance. At that time, the City Council provided a timeframe for development entities with City road impact fee credits to enter into a true-up agreement with the City, to establish the amount of outstanding City road impact fee credits that will be credit...
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