6.c.
FPRA Regular Meeting - 4:30 p.m.
- Meeting Date:
- 08/10/2021
- Re
- Fisherman's Wharf Agreement
- Submitted For:
- Shyanne Harnage
SUBJECT:
Approval of Agreement for Purchase and Development of Fisherman's Wharf with Pierce 1 Marina, LLC.
SUMMARY:
At the Special Fort Pierce Redevelopment Agency Meeting on March 22, 2021, the FPRA Board evaluated the two highest-ranked proposals received in response to RFP 2020-023 for the Redevelopment of Fisherman’s Wharf. The FPRA Board voted to enter into negotiations with Shelli Associates for a period of 90 days. The 90-day negotiation period was set to expire on June 20, 2021. At the FPRA Board Meeting on June 8, 2021, staff requested and was granted a 60-day extension for the negotiation period. The negotiation has concluded, and a proposed development agreement is being presented for the consideration of the FPRA Board.
RECOMMENDATION:
Staff recommends approval of the Agreement for Purchase and Development of Fisherman's Wharf with Pierce 1 Marina, LLC.
ALTERNATIVES:
Staff will proceed as directed by the FPRA Board.
RESPONSIBLE STAFF:
Nicholas C. Mimms, City Manager/FPRA Director
Shyanne Harnage, Economic Development Manager
Shyanne Harnage, Economic Development Manager
COORDINATED WITH:
Tanya Earley, Interim City Attorney
Fiscal Impact
- Budgeted Y/N:
- N
- Fiscal Year:
- 2021
- Amount:
- $5,000,000
OTHER INFORMATION:
n/a