PULLED AT THE REQUEST OF STAFF.  Approval of Infill Lien Reduction Program Development Agreement with Franco Prado, owner of 1118 N 16th Ct.

Established by Resolution 22-R16 in March 2022, the Infill Lien Reduction Program promotes reinvestment and revitalization of vacant infill property by providing the property owner reasonable relief from liens levied prior to their ownership in exchange for the development of that vacant parcel. To be eligible for the program, the property must be an infill vacant lot within the city limits of Fort Pierce with no active code enforcement or nuisance abatement cases against it. The applicant must also affirm that they were not an owner or affiliated in any way with the property at the time the liens were originally recorded. Via development agreement, the City will waive all soft costs associated with the liens and provide a 50% refund of the hard costs paid.

The terms of the agreement are as follows:
Property owner must pay in full the hard costs associated with the liens in the amount of $8,205.58 at the time of issuance of a building permit or within 365 days of the Effective Date, whichever is sooner.
Once hard costs are paid, the City will waive, release, satisfy or rescind the liens in the amount of $6,007.72
Upon issuance of the Certificate of Occupancy, the City shall issue a refund to the property owner for fifty percent of the hard costs paid in the amount of $4,102.79

Approve Infill Lien Reduction Program Development Agreement for 1118 N 16th Ct.

Staff will proceed as directed by the City Commission.

Shaun Coss, Interim Community Response Director

City Attorney