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Agenda Item # 13.a.
City Commission Regular Meeting - 5:05 pm
Meeting Date:
11/20/2023
Re
Resolution NO. 23-R59
Submitted For:
Audria Moore-Wells

SUBJECT:

Resolution 23-R59 Authorizing the execution of a deed to transfer fifteen (15) residential lots and a right of way, known as Oaks at Moore's Creek Phase II, approximately 3.38 acres located between Avenue B and Canal Terrace, to OMCII, LLC, a Florida limited liability company.

SUMMARY:

After advertising Request for Proposals (“RFP”) No. 2020-013, considering the responses, and selecting East to West Development Corporation subsequently assigned its interest in the Project and the Development Agreement to OMCII, LLC ("DEVELOPER"), as the only responsive proposer, the Fort Pierce Redevelopment Agency (“FPRA”) entered into an agreement with OMCII, LLC, to develop certain property located between Avenue B and Canal Terrace and commonly known as Oaks at Moore's Creek Phase II. The original developer’s agreement, which was approved by the FPRA on June 8, 2021, was amended, restated, and approved by the FPRA Board on March 8, 2022 (collectively the “Agreement”).
 
The Agreement contemplates the transfer of certain parcels from the FPRA to the DEVELOPER. The proposed resolution authorizes the execution of a deed to transfer said property from the FPRA to the Developer and other such closing documents necessary to complete the transaction pursuant to the terms of the Development Agreement.

RECOMMENDATION:

Approval

ALTERNATIVES:

Approve the resolution with changes, or disapprove the resolution. 

RESPONSIBLE STAFF:

Audria Moore-Wells, Special Projects Coordinator

COORDINATED WITH:

Nicholas C. Mimms, P.E., ICMA-CM, City Manager
Sara Hedges, City Attorney
Attorney Kaylee Tuck, GrayRobinson, P.A.
OMCII, LLC
Attorney Michael Flam, repesenting OMCII, LLC

Fiscal Impact

Budgeted Y/N:
N
Fiscal Year:
2024
Account:
N/A
Amount:
N/A

OTHER INFORMATION:

The parcels are being transferred in furtherance of an affordable and workforce housing project.

Attachments

Form Review

Inbox Reviewed By Date
City Manager Nick Mimms 11/15/2023 02:40 PM
Form Started By:
Audria Moore
Started On:
11/13/2023 08:29 AM
Final Approval Date:
11/15/2023