Placement: Second Reading of Ordinances / Public Hearing
Action Requested: Motion / Vote
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Ordinance 22-101, Public Hearing, Approve the Amended and Restated Park Impact Fee Agreement with Riverland/Kennedy II, LLC for the Construction of Riverland Paseo Neighborhood Park
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Submitted By: Brad Keen, Assistant Director, Parks & Recreation Department.
Strategic Plan Link: The City's Vision to offer leisure opportunities for an active lifestyle.
Summary Brief (Agreements/Contracts only)
1. Prepared by: Elizabeth Hertz, Senior Deputy City Attorney and W. Lee Dobbins, Attorney at Law.
2. Parties: City of Port St. Lucie Parks & Recreation Department and Riverland/Kennedy II, LLC (the Developer).
3. Purpose: This Agreement hereby amends, restates, and replaces that certain agreement as to Park and Recreational Facilities Impact Fees and Off-Site Drainage for City Park 1, executed by and between Developer and the City dated September 26, 2019.
4. New/Renewal/Modified: Modified.
5. Duration: N/A
6. Benefits to Port St. Lucie: Approval of the Restated and Amended Impact Fee Agreement between the City of Port St. Lucie (the City) and Riverland/Kennedy II, LLC (the Developer) will authorize the Developer to provide for the planning, design and construction of certain park and recreational facilities within City Park 1, namely Riverland Paseo Neighborhood Park, in exchange for the City granting Impact Fee Credits and reconveyance of a portion of City Park 4 to the Developer.
7. Cost to Port St. Lucie (Annual and Potential): The Developer will assume all costs for the planning, design and construction of Riverland Paseo Neighborhood Park with the City assuming, upon completion of the park, all staffing requirements, and the perpetual maintenance of the park as part of its annual Park Maintenance Program.
Presentation Information: City staff and a representative from Riverland/Kennedy, LLC will be present.
Staff Recommendation: Move that the Council accept ...
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