Placement: Resolutions
Action Requested: Motion / Vote
title
Resolution 26-GFC-03, Authorizing the Conveyance of an Easement to the City of Port St. Lucie, Encumbering a Portion of Real Property Described as Tract A, Southern Grove Plat 39, as Recorded in Plat Book 109, Page 30, of the Public Records of St. Lucie County, Florida, for Traffic Signal Improvements.
body
Submitted By: Frank Knott, Executive Project Manager, Community Redevelopment Agency
Strategic Plan Link: The City's Goal of high-quality infrastructure and facilities.
Summary Brief (Agreements/Contracts only)
1. Prepared by: Frank Knott, Executive Project Manager, Community Redevelopment Agency
2. Parties: Governmental Finance Corporation ("GFC") and the City of Port St. Lucie ("City")
3. Purpose: To convey an easement from the GFC to the City for the installation of traffic signal improvements.
4. New/Renewal/Modified: New
5. Duration: N/A
6. Benefits to Port St. Lucie: The City's Goal of high-quality infrastructure and facilities.
7. Cost to Port St. Lucie (Annual and Potential): $0.00
Presentation Information: Staff will be available to answer any questions.
Staff Recommendation: Move that the Board approve the Resolution authorizing the conveyance of an easement encumbering a portion of real property described as Tract A, Southern Grove Plat 39, as Recorded in Plat Book 109, Page 30, of the Public Records of St. Lucie County, Florida.
Alternate Recommendations:
1. Move that the Board amend the recommendation and approve the donation.
2. Move that the Board not approve the donation and provide staff direction.
Background: In early 2023, the GFC entered into a tri-party Traffic Signal Agreement ("Agreement") with the City and Mattamy Palm Beach, LLC. The Agreement stipulates certain improvements to be made by the landowners within Southern Grove as certain traffic thresholds were met. One of those improvements is a traffic signal identified at Becker Road and Limpkin La...
Click here for full text