7.d.
FPRA Regular Meeting - 4:30 p.m.
- Meeting Date:
- 03/08/2022
- Re
- 322 North 2nd Street
- Submitted For:
- Tanya Earley
SUBJECT:
FPRA Resolution No. 22-02, Authorizing the FPRA to convey eleven (11) parcels located near 322 North 2nd Street, the King's Landing Site, to Audubon Development, Inc.
SUMMARY:
After advertising Request for Qualifications and Proposals (“RFQP”) No. 2019-003, considering the responses, and selecting Audubon Development, Inc. (“Audubon”), as the highest ranked proposer, the City of Fort Pierce and the Fort Pierce Redevelopment Agency (“FPRA”) entered into an agreement with Audubon, to develop certain property located near 322 North 2nd Street and commonly known as the King’s Landing Site. The original developer’s agreement, which was approved by the FPRA and the City Commission in 2019, was amended, restated, and approved by the City Commission on January 18, 2022, and the FPRA Board on February 8, 2022 (collectively the “Agreement”). The Agreement contemplates the transfer of certain parcels from the City to the FPRA and subsequently from the FPRA to Audubon. In all, the FPRA needs to transfer ownership of the eleven (11) parcels ("Parcel 11" being a portion of Avenue B) to Audubon. The proposed resolution provides for the execution of the special warranty deed conveying the property to Audubon.
RECOMMENDATION:
Approval.
ALTERNATIVES:
Approve the resolution with changes, or disapprove the resolution.
RESPONSIBLE STAFF:
Tanya Earley, City Attorney
COORDINATED WITH:
Nicholas Mimms, City Manager
Fiscal Impact
- Budgeted Y/N:
- N
- Fiscal Year:
- 2022
OTHER INFORMATION:
The parcels are being transferred in furtherance of a community redevelopment project.