LEGISLATIVE ACTION ITEM
SPONSOR: Ashton J. Hayward, III, Mayor
SUBJECT:
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PROPOSED ORDINANCE NO. 28-18 - AMENDING SECTION 2-3-4 OF THE CODE OF THE CITY OF PENSACOLA, FLORIDA; EXCLUDING PARCELS I, IA AND III INCLUDED IN THE SEVILLE HARBOR LEASE
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RECOMMENDATION:
recommendation
That City Council approve Proposed Ordinance No. 28-18 on first reading.
AN ORDINANCE AMENDING SECTION 2-3-4 OF THE CODE OF THE CITY OF PENSACOLA, FLORIDA; EXCLUDING PARCELS I, IA AND III INCLUDED IN THE SEVILLE HARBOR LEASE PROVIDING FOR SEVERABILITY; REPEALING CLAUSE; AND PROVIDING AN EFFECTIVE DATE.
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HEARING REQUIRED: No Hearing Required
SUMMARY:
Seville Harbor has requested that City Council approve the Purchase and Sale agreement of Parcels I, IA and III included in the Seville Harbor Lease for the purchase price of $725,000. The sales price is based on the current appraised value of the property based on the June 6, 2018 appraisal by Fruitticher Lowery Appraisal Group. The property is currently leased by the purchaser and will be sold “as is”.
The sales contract and closing documents require that the purchaser begin construction on a $2,000,000 breakwater and other improvements no later than December 31, 2021 and that such breakwater and other improvements must be completed by December 31, 2023. The purchaser is entitled to assign the sales contract to an entity owned or controlled by Ray Russenberger. This sale is being proposed utilizing the direct negotiation option as provided for in the City Council’s Policy for Disposition of City Owned Real Property.
Section 2-3-4 of the Code of the City of Pensacola provides that any real property owned by the City or by the Pensacola Community Redevelopment Agency located south of Bayfront Parkway/Main Street between the Pensacola Bay Bridge and “A” Street shall not be declared surplus or disposed of by sale of such property, in the absence of any exigent circumstance expressly declared to exist by the City Council. Adoption of Proposed Ordinance No. 28-18 will exempt Parcels I, IA and III included in the Seville Harbor Lease allowing for the sale of these three parcels.
PRIOR ACTION:
June 15, 2015 - City Council approved Proposed Ordinance No. 14-15 creating Section 2-3-4 of the Code of the City of Pensacola, Florida
FUNDING:
N/A
FINANCIAL IMPACT:
None
CITY ATTORNEY REVIEW: Yes
10/2/2018
STAFF CONTACT:
Keith Wilkins, City Administrator
ATTACHMENTS:
1) Proposed Ordinance No. 28-18
PRESENTATION: No end