6.b.
FPRA Regular Meeting
- Meeting Date:
- 03/14/2023
- Re
- Fisherman's Wharf Agreement
- Submitted For:
- Shyanne Harnage
SUBJECT:
Approval of Third Amendment to Agreement for Purchase and Development of Fisherman's Wharf to provide additional time to cure title and survey objections with a new deadline of September 1, 2023.
SUMMARY:
The City of Fort Pierce and Fort Pierce Redevelopment Agency entered into an Agreement for the Purchase and Development of Fisherman’s Wharf with Pierce 1 Marina, LLC on August 16, 2021. The City and FPRA subsequently executed two amendments to extend the deadline for the City to cure the title and survey objections. The City now anticipates that it will need additional time beyond March 1, 2023 to cure the objections. This third amendment will extend the City's deadline to September 1, 2023.
RECOMMENDATION:
Approval
ALTERNATIVES:
Staff will proceed as directed by the FPRA Board.
RESPONSIBLE STAFF:
City Attorney
Economic Development Manager
Economic Development Manager
COORDINATED WITH:
City Manager
Fiscal Impact
OTHER INFORMATION:
N/A
Attachments
- Executed Agreement for Purchase and Development of Fisherman's Wharf
- Executed First Amendment to Agreement for Purchase and Development of Fisherman's Wharf
- Executed Second Amendment to Agreement for Purchase and Development of Fisherman's Wharf
- Third Amendment for Purchase and Development of Fisherman's Wharf