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Commission approves FEC lease amendment after debate over higher rates and added parcels
Summary
The commission approved Resolution 90‑2025 to amend the city’s lease with Florida East Coast Railway (FEC), adding parcels and reflecting a multi‑year catch‑up that staff said equates to a large percentage increase; commissioners discussed the annual 5% escalator and implications for downtown parking and crossings.
The City of Stuart approved a first amendment to its real‑estate lease with Florida East Coast Railway (FEC) that adds an additional parcel and updates rates the railway says are long overdue.
City staff explained FEC audited outstanding leases and determined that the city had been…
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