LTC 460-2022 UPDATE ON THE VACANT PARCEL LOCATED ADJACENT TO 226 87TH TERRACE, WITH FOLIO NO. 02-3202-006-0420460-2022
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OFFICE OF THE CITY MANAGER
LT C# LETTER TO COMMISSION
TO:
FROM:
DATE:
Honorable Mayor Dan Gelber and Members of the City Commission
Alina T. Hudak, City Manager tzw., ~{';,!'
November 4, 2022
SUBJECT: UPDATE ON THE VACANT PARCEL LOCATED ADJACENT TO 226 87TH TERRACE, WITH
FOLIO NO. 02-3202-006-0420.
The purpose of this Letter to Commission is to provide the Mayor and City Commission with an
update on the City land located at 226 87 th Terrace and the potential purchase of the adjacent
parcel (Folio No. 02-3202-006-0420) in order to expand the City -owned property. Said parcel is
abutting the City-owned property located at 226 87th Terrace.
At the September 14, 2022 City Commission meeting, at the request of Commissioner David
Richardson, a referral was made on the dais to discuss the sale of the City-owned Property at the
September 30, 2022 Finance and Economic Resiliency Committee (FERC or the Committee)
meeting.
On September 19, 2022, the interested buyer communicated to the City the withdrawal of the
offer to purchase the Property. Accordingly, the pending offer was deemed withdrawn and as
such, there is no pending transaction unless the City were to initiate a new process. At the
September 30, 2022 FERC meeting, the Administration announced the buyer for the Property
had withdrawn their "offer-to-purchase".
The Committee recommended in favor of withdrawing this item . Additionally, the Committee
requested the City consider mak ing an offer-to-purchase the abutting vacant parcel (Folio No. 02-
3202-006-0420), in the amount of $4,600,000.00, to expand the City's assets.
The Administration presented the City's interest to purchase said parcel to the landowner's law
firm (Weiss Serota Heitman Cole & Bierman). On October 25, 2022, the Firm communicated to
the City that their client had no interest in selling the parcel.
Based on the information received from the landowner, the Administration is recommending
further8 ~~-s regarding the purchase of this parcel be withdrawn and closed.
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