8.F.
FPRA Regular Meeting - 4:00 p.m.
- Meeting Date:
- 01/28/2020
- Re
- The Oaks at Moore's Creek
- Submitted For:
- Nick Mimms
SUBJECT:
The Oaks at Moore's Creek Phase 2 Request for Proposals
SUMMARY:
The City of Fort Pierce and the Fort Pierce Redevelopment Agency successfully collaborated to create aesthetically appealing, affordable housing in the area now known as The Oaks at Moore's Creek. Phase 1 of The Oaks at Moore’s Creek encompassed the construction of twelve (12) single family homes, ranging from 1,200-1,800 square feet. The homes feature a pleasant integration of traditional architectural styles and features, providing a basis for future infill projects and new home construction. The collection of homes completed have been sold and are predominantly owner-occupied with professionals of essential services. This foundation of new housing stock offers tremendous potential for initiation of the next phase of redevelopment. The development area is located in the Lincoln Park District and is bounded to the north by the beautiful Moore's Creek Linear Park.
Phase 2 was previously advertised for bid in 2015, but unfortunately the economic climate and financial aspects of the proposal could not yield an affordable residential product suitable for the community. The FPRA is currently receiving several requests for the utilization and acquisition of agency owned property from private developers, and the economic environment appears to be favorable for a public-private-partnership.
Phase 2 was previously advertised for bid in 2015, but unfortunately the economic climate and financial aspects of the proposal could not yield an affordable residential product suitable for the community. The FPRA is currently receiving several requests for the utilization and acquisition of agency owned property from private developers, and the economic environment appears to be favorable for a public-private-partnership.
RECOMMENDATION:
Staff is seeking a directive from the FPRA Board to initiate the drafting of an updated request for proposals and subsequently advertise for qualified developers to respond to this redevelopment opportunity
ALTERNATIVES:
Staff will proceed as directed by the FPRA Board
RESPONSIBLE STAFF:
Nicholas C. Mimms, City Manager
COORDINATED WITH:
CRA Advisory Committee
Fiscal Impact
OTHER INFORMATION:
None at this time