Placement: Resolutions
Action Requested: Motion / Vote
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Resolution 23-R57, Authorizing the Mayor to Enter into an Amended and Restated Interlocal Agreement Between the Verano #5 Community Development District, a Community Development District Organized Under Chapter 190, Florida Statutes, and the City of Port St. Lucie, Necessary for Maintaining the Extension of Crosstown Parkway.
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Submitted By: Clyde Cuffy, P.E.
Strategic Plan Link: The City's Goal of high-quality infrastructure and facilities.
Summary Brief (Agreements/Contracts only)
1. Prepared by: Verano Community Development District #5 (District #5)
2. Parties: City of Port St. Lucie and District #5
3. Purpose: The City and District #5 have determined that the Restated Stormwater Agreement should be amended to include under the District #5 responsibilities, maintenance of stormwater pipes relating to Crosstown Parkway.
4. New/Renewal/Modified: Modified
5. Duration: Perpetuity
6. Benefits to Port St. Lucie: Extension of Crosstown Parkway.
7. Cost to Port St. Lucie (Annual and Potential): The City agrees to pay to District #5 an amount of Verano Stormwater Revenue equal to 75% of the net Stormwater Fees collected by the City during each fiscal year upon property lying within the boundaries of the Verano Districts.
Presentation Information: Staff will be available to answer any questions.
Staff Recommendation: Move that the Council approve the Resolution authorizing the Mayor to enter into an Amended and Restated Interlocal Agreement between Verano District #5 and the City of Port St. Lucie for the extension of Crosstown Parkway.
Alternate Recommendations:
1. Move that the Council amend the recommendation and approve the resolution.
2. Move that the Council not approve the amended agreement and provide staff direction.
Background: The Crosstown Parkway extension will be constructed by Kolter Development to provide access to Verano POD G and POD H. The roadway stormwater is designed to...
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