Placement: Resolutions
Action Requested: Motion / Vote
title
Resolution 25-GFC-05, Authorizing the Conveyance of Real Property Described as Tract F, First Replat in Port St. Lucie Section Forty-Six as Recorded in Plat Book 25, Page 32, of the Public Records of St. Lucie County, Florida, from the Governmental Finance Corporation to the City of Port St. Lucie.
body
Submitted By: Jennifer Davis, Director, Community Redevelopment Agency
Strategic Plan Link: The City's Goal to enjoy culture, nature and fun activities.
SUMMARY BRIEF (Agreements/Contracts only)
1. Prepared by: Jennifer Davis, Director, Community Redevelopment Agency
2. Parties: Port St. Lucie Governmental Finance Corporation and the City of Port St. Lucie
3. Purpose: To convey real property located at the southwest corner of NW Blanton Boulevard and NW East Torino Parkway for incorporation into the development of Torino Regional Park
4. New/Renewal/Modified: New
5. Duration: N/A
6. Benefits to Port St. Lucie: The City's Goal to enjoy culture, nature and fun activities.
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 of the conveyance of real property located at the northwest corner of NW Blanton Boulevard and NW East Torino Parkway.
Alternate Recommendations:
1. Move that the Board amend the recommendation and approve the conveyance.
2. Move that the Board not approve the conveyance and provide staff direction.
Background: In an effort to provide additional land for the development of the Torino Regional Park, the Governmental Finance Corporation (GFC) entered into a Land Swap Agreement with Saint Matilda LLC, whereby the GFC acquired Tract F, First Replat in Port St. Lucie Section Forty-Six, and Saint Matilda LLC acquired Lot 2, Southern Grove Plat 46 for development of a multifamily residential project. With that transaction complete, the GFC now is reques...
Click here for full text