8.b.
FPRA Regular Meeting - 5:05 p.m.
- Meeting Date:
- 12/10/2024
- Re
- Resolution 24-05: Authorizing or Denying a Time Extension for the Sale Agreement of 612 N 25th St
- Submitted For:
- Shyanne Harnage
SUBJECT:
Resolution 24-05: Granting or Denying a Time Extension for the Sale Agreement of 612 N 25th St
SUMMARY:
On November 14, 2023, the FPRA entered into an Agreement pursuant to Resolution No. 23-05 for the sale of property at 612 North 25th Street, Fort Pierce, FL 34947. The Agreement required the Grantee to develop a neighborhood park, Village Garden of Hope, following a specified Development Timeline.
Per the Agreement, the Grantee was obligated to apply for all necessary approvals and permits within 180 calendar days of the title's conveyance. The property was conveyed on February 22, 2024, establishing an August 20, 2024, deadline.
The Grantee did not meet this deadline and has requested a 180-day extension. If approved, the new deadline to obtain the required approvals would be February 16, 2025. The developer is currently working on incorporating site plan changes recommended by the Planning Department, after which the contractor will submit applications for the required building permits.
Per the Agreement, the Grantee was obligated to apply for all necessary approvals and permits within 180 calendar days of the title's conveyance. The property was conveyed on February 22, 2024, establishing an August 20, 2024, deadline.
The Grantee did not meet this deadline and has requested a 180-day extension. If approved, the new deadline to obtain the required approvals would be February 16, 2025. The developer is currently working on incorporating site plan changes recommended by the Planning Department, after which the contractor will submit applications for the required building permits.
RECOMMENDATION:
Staff will proceed as directed by the FPRA Board.
ALTERNATIVES:
Staff will proceed as directed by the FPRA Board.
RESPONSIBLE STAFF:
Miriam Garcia, Redevelopment Specialist
COORDINATED WITH:
Sara Hedges, City Attorney
Fiscal Impact
- Budgeted Y/N:
- N
- Fiscal Year:
- 2024
- Account:
- N/A
- Amount:
- 0
OTHER INFORMATION:
N/A
Attachments
- Presentation
- Executed Agreement 11.14.23
- Deed 2.22.24
- Extension Request Email
- 2nd Extension Request Email
- 180 Day Extension Amendment to Agreement
- Resolution
- RLS Memo 9.27.24