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Staff previews list of surplus FDRA properties ahead of January meeting
Summary
Staff told the advisory committee it will bring about 16 FDRA surplus properties to the January meeting for direction on disposal options and said it will email members a list; members discussed development agreements and incentives for infill.
A staff member told the Fort Pierce Redevelopment Advisory Committee that the FDRA has about 16 surplus properties on record and will bring the issue to the committee in January for direction on disposal options, including development agreements, sales at market rate, or other approaches.
Staff offered to email the list of properties to committee members. Members discussed options such as discounted transfers tied to performance bonds or development requirements and noted impact fees and county coordination can affect feasibility.
Staff said four properties sold in 2023 are in process and two were completed; several others remain under development or default. The committee requested a list of the highest bidders over recent years to assess performance and potential remedies, and staff agreed to provide property details by email.
Next steps: surplus properties are scheduled for the January agenda for board direction; staff will distribute a property list to the committee in advance.
