LEGISLATIVE ACTION ITEM
SPONSOR: Grover C. Robinson, IV, Mayor
SUBJECT:
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SUPPLEMENTAL BUDGET RESOLUTION NO. 2021-19 - ACQUISITION OF REAL PROPERTY - 2308 DR. MARTIN LUTHER KING, JR. DRIVE
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RECOMMENDATION:
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That City Council adopt Supplemental Budget Resolution No. 2021-19
A RESOLUTION AUTHORIZING AND MAKING REVISIONS AND APPROPRIATIONS FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2021; PROVIDING FOR AN EFFECTIVE DATE.
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HEARING REQUIRED: No Hearing Required
SUMMARY:
The Parks and Recreation Department has determined the need to expand the footprint at Magee Field at 2400 Dr. Martin Luther King Jr. Drive in order to further serve the youth of the Eastside neighborhood. The 2308 Dr. Martin Luther King Jr. Drive parcel is approximately 0.1927 acres and is zoned R-1AA. It is one of two small improved parcels that are adjacent on three sides to Magee Field.
Magee Field contains facilities for football, baseball, and basketball, as well as playground equipment and a covered shelter. A well-utilized park covering 4.2 acres, it was dedicated in 1951 and is named after Dr. A. S. Magee, one of Pensacola’s first black physicians. The property underwent extensive renovation in 2006 thru 2007, but was unable to acquire two small improved parcels near the current parking area of the Field - this parcel facing Dr. Martin Luther King, Jr. Drive and the other facing North Davis Highway. The latter is not for sale, per the owner when contacted in November 2020.
The owner of the Dr. Martin Luther King, Jr. Drive parcel was contacted in November 2020 to inquire about purchasing the property and indicated there may be some interest in selling the property. However, the duplex on the property was occupied by tenants at that time. An appraisal was obtained to determine market value. Sherill Appraisal Company completed the survey in late January 2021, and the appraised value of the property was determined as $205,000.
The owner has confirmed that the lease of the current tenants will soon be expired. Acquisition of this parcel would enable the park to expand their current location eliminating the need to cross streets and the ability to address any infrastructure issues that may arise. With the limited options available for expansion, the sale price has been determined to be acceptable. An additional $35,000 is being appropriated to provide funding to make any necessary renovations to the building to provide the ability to expand the services to the community.
PRIOR ACTION:
None
FUNDING:
Budget: $110,000 Park Purchases Trust Fund
50,000 LOST IV - Vickrey Resource Center
50,000 LOST IV - Theophalis May Resource Center
40,000 LOST IV - Sanders Beach Park
$250,000
Actual $205,000 Purchase Price
10,000 Closing Costs (Estimated)
35,000 Renovations (Estimated)
$250,000
FINANCIAL IMPACT:
Section 12-7-6(b)(2) of the City Code requires payment of money to an escrow account for park, recreation or open space needs in lieu of dedication of land. The subdivider or owner of a property shall pay unto the City such sum of money equal in value to five (5) percent of the gross area of the subdivision thereof, which sum shall be held in escrow and used by the City for the purpose of acquiring parks and developing playgrounds. Currently, the Park Purchases Trust Fund has an unencumbered balance of $119,059.16. Adoption of the Supplemental Budget Resolution will appropriate $110,000 of that balance, leaving an unencumbered balance of $9,059.16. Additionally, funds will be transferred from the Vickrey Resource Center, the Theophalis May Resource Center and Sanders Beach Park within the Local Option Sales Tax Fund to provide the rest of the funding for this purchase. Adoption of the Supplemental Budget Resolution will appropriate $110,000 from the Park Purchases Trust Fund to provide the funds to acquire this property.
CITY ATTORNEY REVIEW: Yes
3/30/2021
STAFF CONTACT:
Keith Wilkins, City Administrator
Kerrith Fiddler, Deputy City Administrator - Community Development
Brian Cooper, Parks and Recreation Director
ATTACHMENTS:
1) Supplemental Budget Resolution No. 2021-19
2) Supplemental Budget Explanation No. 2021-19
PRESENTATION: No end