5.c.
FPRA Special Meeting - 5:45 P.M.
- Meeting Date:
- 09/09/2019
- Re
- King Plant Development Update
- Submitted For:
- Nick Mimms
SUBJECT:
Approval to Extend Negotiation Period with Audubon Development for the Redevelopment of the Former H.D. King Plant Site.
SUMMARY - At the Special Fort Pierce Redevelopment Agency Meeting on June 13, 2019, the FPRA Board evaluated the two proposals received in response to RFP 2019-003 for the Redevelopment of the Former H.D. King Plant Site. The FPRA Board voted to enter into negotiations with the highest ranked proposer, Audubon Development, for a period of 90 days. The 90-day negotiation period is set to expire on September 11, 2019. Staff is requesting to extend the negotiation period for 60 days. Staff expects to have a development agreement ready to present to the FPRA Board for approval at the regularly scheduled meeting on Monday, October 21, 2019.
SUMMARY - At the Special Fort Pierce Redevelopment Agency Meeting on June 13, 2019, the FPRA Board evaluated the two proposals received in response to RFP 2019-003 for the Redevelopment of the Former H.D. King Plant Site. The FPRA Board voted to enter into negotiations with the highest ranked proposer, Audubon Development, for a period of 90 days. The 90-day negotiation period is set to expire on September 11, 2019. Staff is requesting to extend the negotiation period for 60 days. Staff expects to have a development agreement ready to present to the FPRA Board for approval at the regularly scheduled meeting on Monday, October 21, 2019.