Placement: Consent Agenda
Action Requested: Motion / Vote
title
Motion: Termination of Restrictive Covenant #357 Executed by Martin J. Reilly and Elaine C. Reilly with respect to Lots 4 and 5, Block 1115, Port St. Lucie Section Nine, and Recorded in Official Records Book 1458, Page 688, Public Records of St. Lucie County.
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 July 11, 2001, Martin J. Reilly and Elaine C. Reilly executed a Restrictive Covenant relative to Lots 4 and 5, Block 1115, Port St. Lucie Section Nine. The Restrictive Covenant encumbered Lots 4 and 5 so that they would be assessed as a single residential unit.
Issues/Analysis: The current owner wishes to convey, devise or develop Lot 4 independently of Lot 5. 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 November 6, 2020 and has been processed and approved by the City's Finance Department.
Special Consideration: N/A
Location of Project: See attached map of Lots 4 and 5, Block 1115, Port St. Lucie Section Nine.
Atta...
Click here for full text