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Fort Pierce redevelopment agency takes no formal action on $6 million settlement proposal from Pierce 1 Marina LLC
Summary
At a March 2, 2026 special meeting, the Fort Pierce Redevelopment Agency reviewed a $6,000,000 settlement offer in case no. 562024CA001627 from Pierce 1 Marina LLC; agency counsel said failure to act would be treated under the cited state statute as a rejection and could affect fee exposure.
The Fort Pierce Redevelopment Agency on March 2 reviewed a $6,000,000 settlement proposal from Pierce 1 Marina LLC in case no. 562024CA001627 but did not make a formal motion, a step agency counsel said is not required for her ethical obligation to report the offer.
Miss Hedges, the agency attorney, told the board the company proposed to settle the litigation for $6,000,000 and would dismiss the case upon payment. "Under the statute, there is a triggering of fees and expenses," she…
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