AGENDA ITEM REPORT
TITLE:
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AN ORDINANCE AUTHORIZING THE SALE OF REAL PROPERTY PURSUANT TO THE ATTACHED AGREEMENT BETWEEN THE CITY OF COCONUT CREEK, AS SELLER, AND VISTA GARDENS BALLROOM, LLC, AS PURCHASER, FOR REAL PROPERTY DESCRIBED AS TRACT A-1 BUFFER TOGETHER WITH TRACT "A," ACCORDING TO THE PLAT OF "JANIS PLAT," AS RECORDED IN PLAT BOOK 174 AT PAGE 18 OF THE PUBLIC RECORDS OF BROWARD COUNTY, FLORIDA, LESS AND EXCEPT THE NORTH 260 FEET OF SAID TRACT "A;" AND AUTHORIZING THE CITY MANAGER, OR DESIGNEE, TO EXECUTE THE ATTACHED AGREEMENT. (SECOND READING)(PUBLIC HEARING)
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BACKGROUND:
This item was approved on First Reading at the January 9, 2020, City Commission Meeting.
On March 5, 2019, the Broward County Commission awarded a Broward Redevelopment Program (BRP) grant in the amount of $1,000,000 to the City of Coconut Creek. The grant from Broward County was specifically for the redevelopment of Hillsboro Boulevard and prioritized property acquisition of a substandard parcel (subject property) for the purpose of assemblage with the existing Deenie's Hideaway property for economic development purposes.
On May 9, 2019, the City Commission gave direction to the City Manager, or her designee, to conduct due diligence regarding the potential acquisition of the subject property for the purpose of increasing recreational opportunities in the City and revitalizing the Hillsboro Boulevard Corridor.
On May 15, 2019, the City, through then City Manager Mary Blasi, entered into an option purchase agreement to purchase the subject property located along West Hillsboro Boulevard, Coconut Creek, Florida 33073, specifically, property identification number 4842 06 33 0010, subject to final City Commission approval by ordinance.
On July 11, 2019, the City Commission approved Ordinance 2019-011, approving the purchase of the property, and over the last several months, staff has been working with the adjacent property owner, Vista Gardens Ballroom, LLC, who intends ...
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