7.b.
FPRA Regular Meeting
- Meeting Date:
- 09/12/2023
- Re
- Fisherman's Wharf Amendment
- Submitted For:
- Shyanne Harnage
SUBJECT:
Approval of Fourth Amendment to Agreement for Purchase and Development of Fisherman's Wharf to extend and toll time periods in the Agreement for 12 months.
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 three amendments to extend the deadline for the City to cure the title and survey objections. The parties now desire to extend and toll time periods in the agreement for 12 months from the effective date of this amendment. The City Commission approved the 4th Amendment on August 17, 2023.
RECOMMENDATION:
Approval
ALTERNATIVES:
Staff will proceed as directed by the FPRA Board.
RESPONSIBLE STAFF:
Economic Development Manager
Interim City Attorney
Interim City Attorney
COORDINATED WITH:
City Manager
Fiscal Impact
- Budgeted Y/N:
- Fiscal Year:
- Account:
- Amount:
OTHER INFORMATION:
There is no fiscal impact associated with this amendment.
Attachments
- Executed Agreement for Purchase and Development of Fisherman's Wharf
- First Amendment
- Second Amendment
- Third Amendment
- Fourth Amendment