CONSTRUCTIONAMENDED

City of Port St. Lucie Agenda Packet 2026-05-18

City extends Tradition Regional Park construction agreement

Approximately $22,847,418.36 estimated project cost; City reimbursement capped at $18,727,418 City Cash Contribution plus $2,100,000 City Park Impact Fee Credits; additional $2,750,000 in County Park Impact Fee Credits from St. Lucie County under separate agreementCity of Port St. LucieMATTAMY PALM BEACH LLCMay 18, 2026

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Description

The City of Port St. Lucie approved a Second Amendment to its Agreement with Mattamy Palm Beach, LLC for construction of the Tradition Regional Park, extending the Final Completion deadline from May 21, 2026 to September 1, 2026. The underlying agreement provides for an estimated $22.8 million in park improvements funded through a combination of City cash, City park impact fee credits, and anticipated St. Lucie County park impact fee credits. The extension allows additional time to reconcile payments for added project scope and to complete the additional improvements.

Contract Details

Contract Amount

Vendor

MATTAMY PALM BEACH LLC

Agency

City of Port St. Lucie, FL

Contract Type

CONSTRUCTION

Document Date

May 18, 2026

Contract Term

Original agreement effective May 21, 2024 with Final Completion required within 24 months (by May 21, 2026); Second Amendment extends Outside Completion Date to September 1, 2026

Renewal Date

2026-09-01

Renewal Info

Second Amendment extends the Outside Completion Date for Final Completion from May 21, 2026 to September 1, 2026 to accommodate additional project scope and reimbursement true-up; previous first amendment dated December 1, 2025; no change to reimbursement caps or credit structures is stated in this amendment.