DISCUSSION ITEM
SPONSOR: City Council President Ann Hill
SUBJECT:
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UPDATE ON PARCELS 4 & 5 - COMMUNITY MARITIME PARK
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SUMMARY:
On July 28, 2021, City Council approved and passed the following motion:
That City Council rank the submitting groups as follows: #1 Carson-Lovell, # 2 Inspired Communities of Florida, and #3 Caldwell Associates based on their presentations, with consideration of both their presentations and analysis of their submittals, and as determined in the best interests of the City of Pensacola for the redevelopment of Lots 4 and 5 at the Vince J. Whibbs, Sr. Community Maritime Park. Additionally, that City Council authorize the Mayor and/or his designee to begin negotiations with the top-ranked submitting group, Carson-Lovell, for the completion of an option agreement granting exclusive rights for the lease and redevelopment of Lots 4 and 5, with a negotiating period of approximately 60 days. Further, that City Council authorize the Mayor and/or his designee to begin negotiations with the second-ranked submitting group, Inspired Communities of Florida, and third-ranked submitting group, Caldwell Associates, individually and in that order if negotiations with the top-ranked group are unsuccessful. Finally, in the event that negotiations are unsuccessful, City Council shall be kept apprised before moving on to the next-ranked submitting group.
After negotiations took place with Carson-Lovell, on October 14, 2021, City Council approved and passed the following recommendation:
That City Council reject this Memorandum of Understanding, due to the fact that the City will not receive any income based on what is proposed and the City is potentially at risk to reimburse Carson Lovell their due diligence costs.
It appears that this action, as provided on July 28, allowed for the movement to the next submitter in line, which is Inspired Communities. It would equally appear based on the July 28th motion that an “approximately 60-day” negotiation period would be in place.
This discussion item seeks to get an update on the negotiation process with Inspired Communities.
PRIOR ACTION:
July 28, 2021 - City Council ranked the submittals for Parcels 4 & 5 and set in place a mechanism for movement to the next in line if negotiations fail.
October 14, 2021 - City Council rejected an MOU from Carson Lovell, seemingly then moving to the next in line, Inspired Communities.
STAFF CONTACT:
Don Kraher, Council Executive
ATTACHMENTS:
None
PRESENTATION: No