Placement: Second Reading of Ordinances / Public Hearing
Action Requested: Motion / Vote
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Ordinance 22-17, Public Hearing, Authorizing the Conveyance of Approximately 2.95 Acres of City-Owned Real Property, as a Component of a Settlement Agreement with the St. Lucie County Fire District and Related to the City Center Project and Acquisition.
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Submitted By: Jennifer Davis, Project Manager, Community Redevelopment Agency
Strategic Plan Link: The City's Vision for a diverse local economy and employment options.
Executive Summary (General Business): The purpose of this Ordinance is to authorize the conveyance of a parcel of land approximately 2.95 acres in size to the St. Lucie County Fire District as a component of a Settlement Agreement related to the City Center project and acquisition. Said conveyance is in consideration of the Fire District relinquishing their interest in any and all outstanding taxes and assessments on the City Center parcels being acquired. The transaction is part of a multi-agency coordinated and unified approach to satisfying the outstanding debt related to City Center parcels, prior to the City acquiring them.
Presentation Information: N/A
Staff Recommendation: Move that the Council approve the Ordinance.
Alternate Recommendations:
1. Move that the Council amend the recommendation and approve the Ordinance.
2. Move that the Council not approve the Ordinance and provide staff additional direction.
Background: At the November 9, 2020 City Council meeting, the City Manager was authorized by the City Council to negotiate a Purchase and Sale Agreement to acquire the City Center Parcels from the Securities and Exchange Commission court-appointed Receiver. Upon receiving notice of the City's intent to purchase the Parcels, the St. Lucie County Tax Collector offered to facilitate the negotiations with tax certificate holders and major taxing authorities. This approach was in lieu of the Tax Collector enforcing Section 196.295(...
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