Placement: Resolutions
Action Requested: Motion / Vote
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Resolution 22-R28, Addressing the City Center Special Assessment District Fees, the City Center Stormwater Fees and the Ad Valorem Taxes for Tax Roll Years 2010 through the Date of Closing on the City Center Parcels, Assessed on the City Center Parcels Being Acquired for the City Center Project.
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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 City of Port St. Lucie is in the process of acquiring twenty-two (22) City Center parcels from the Court-appointed Receiver. Pursuant to Chapter 196, Florida Statutes, all outstanding taxes shall be due on any parcels acquired at the time of closing.
Presentation Information: City staff will provide a brief presentation.
Staff Recommendation: Move that the Council approve the Resolution.
Alternate Recommendations:
1. Move that the Council amend the recommendation and Approve the Resolution.
2. Move that the Council not approve the Resolution and provide staff with 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 twenty-two (22) City Center Parcels from the Securities and Exchange Commission court-appointed Receiver. Upon receiving notice of the City's intent to purchase the City Center 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(1), Florida Statutes, which requires that the taxpayer (owner of the property being conveyed to the government unit) place in escrow with the county tax collector, an amount equal to the current taxes prorated to the date of transfer of title, to be use...
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