Placement: Resolutions
Action Requested: Motion / Vote
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Resolution 24-R41, Accepting the Conveyance of Five Vacant Residential Lots Owned by Holiday Builders, Inc., to the City, in Accordance with an Agreement for Exchange of Property.
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Submitted By: Clyde Cuffy, Public Works.
Strategic Plan Link: The City's Goal of high-quality infrastructure and facilities.
Summary Brief (Agreements/Contracts only)
1. Prepared by: Margaret Carland, Senior Deputy City Attorney.
2. Parties: City of Port St. Lucie and Holiday Builders, Inc.
3. Purpose: Land Swap.
4. New/Renewal/Modified: New.
5. Duration: 60-day Inspection Period and Closing within 30 days following the Inspection Period.
6. Benefits to Port St. Lucie: The City will be acquiring real property from Holiday Builders that is necessary for the Port St. Lucie Boulevard South Improvements.
7. Cost to Port St. Lucie (Annual and Potential): Closing costs.
Presentation Information: Staff will be available to answer any questions.
Staff Recommendation: Move that the Council approve the Resolution authorizing the acceptance of the conveyance of five vacant residential lots, more fully described herein below, in accordance with the Agreement for Exchange of Property.
Alternate Recommendations:
1. Move that the Council amend the recommendation and approve the Resolution authorizing the acceptance of the conveyance of five vacant residential lots, more fully described herein below, in accordance with the Agreement for Exchange of Property.
2. Move that the Council not approve and provide staff with direction.
Background: The City desires to enter into an Agreement for Exchange of Property with Holiday Builders to acquire property that is needed for the Port St. Lucie Boulevard South Improvements. The City owns the following described real property (the "City Property") that will be conveyed to Holiday Builders, in accordance with the Agreement for Exchange of Property:
1. Lot 11, Block 2200, Port S...
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