Placement: Consent Agenda
Action Requested: Motion / Vote
TITLE
Motion: Termination of Declaration of Restrictive Covenant #028 Executed by Carlos A. Bonet and Yvonne S. Bonet with respect to Lots 28 and 29, Block 1290, Port St. Lucie Section Twelve, and Recorded in Official Records Book 1424, Page 2329, of the Public Records of St. Lucie County, Florida.
BODY
Submitted By: Margaret Carland, Deputy City Attorney
Strategic Plan Link: The City's Mission to be responsive to our community.
Executive Summary (General Business): Termination of Restrictive Covenant so that the subject property may be conveyed, devised, or developed independently.
Presentation Information: N/A
Staff Recommendation: Move that the Council approve the requested Termination of Restrictive Covenant.
Alternate Recommendations:
1. Move that the Council amend the recommendation and approve the requested Termination of Restrictive Covenant.
2. Move that the Council deny the recommendation and provide staff direction.
Background: On August 1, 2001, Carlos A. Bonet and Yvonne S. Bonet executed a Restrictive Covenant relative to Lots 28 and 29, Block 1290, Port St. Lucie Section Twelve. The Restrictive Covenant encumbers Lots 28 and 29 so that the lots would be assessed as a single residential unit.
Issues/Analysis: The current owners wish to convey, devise or develop Lot 28 independently of Lot 29. The total amount owed to the City has been paid in full. The Restrictive Covenant may now be released, satisfied and discharged in its entirety, and a Termination of Restrictive Covenant shall be recorded with the St. Lucie County Clerk.
Financial Information: The sum of $200.00 was owed to the City of Port St. Lucie for Special Assessment principal and all applicable administrative fees. Payment in full was made on February 2, 2021 and has been processed and approved by the City's Finance Department.
Special Consideration: N/A
Location of Project: See attached map of Lots 28 and 29,...
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