PLACEMENT: Departmental
TITLE:
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BRIGHTLINE UPDATE
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EXECUTIVE SUMMARY:
executive summary
Staff is requesting the Board of County Commissioners to consider approving the First Amendment to the Settlement Agreement with Brightline and the Property Transfer Agreement with the City of Stuart. At the time of publication of this agenda the above referenced documents were still being finalized. A Supplemental Memo will be provided with the final agenda.
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DEPARTMENT: Administration
PREPARED BY: Name: George Stokus
Title: Assistant County Administrator
REQUESTED BY: Martin County Board of County Commissioners
PRESET:
PROCEDURES: None
BACKGROUND/RELATED STRATEGIC GOAL:
On October 23, 2023, Brightline Trains Florida LLC (Brightline) issued a Treasure Coast Request for Proposals (RFP) for the location of a train station in either Martin or St. Lucie Counties. Martin County and the City of Stuart approved an Interlocal Agreement dated December 12, 2023 regarding a joint proposal to Brightline's RFP for a train station and parking garage on three County owned parcels. In December of 2023, Martin County and the City of Stuart jointly submitted a proposal to Brightline pursuant to such Interlocal. On March 4, 2024, Brightline Trains of Florida formally announced that it had selected Stuart as the site for its next intercity passenger rail station. Brightline included in its notice of selection an extensive list of terms including amendment of the County and Brightline's November 25, 2018 Settlement Agreement and requiring the transfer of an additional parcel from the County to the City for a lease with Brightline for the development of Transit Oriented Development.
I. Issues
First Amendment to the November 25, 2018 Settlement Agreement
1. Agreement/Contract drafted by: Martin County Attorney and Brightline General Counsel
2. Parties to the Agreement/Contract: Martin County and Brightline Trains of Florida LLC
3. Purpose of the Agreement/Co...
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