CRA (Community Redevelopment Agency) authorized an $800,000 purchase of 5332 Acorn Street, a 0.37-acre parcel for future mixed-use assemblage.
5 items on the agenda · 2 decisions recorded
On the agenda
- 1Call to Order - Roll Call▶ 0:00
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Approval of March 21, 2023 and March 30, 2023 CRA Meeting Minutes
approvedThe CRA Board approved the minutes from the March 21, 2023 and March 30, 2023 CRA meetings.
- motion:Approve the March 21, 2023 and March 30, 2023 CRA meeting minutes. (passed)
▶ Jump to 0:16 in the videoShow transcriptHide transcript
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[00:00:16] Next item on the agenda is the approval of the March 21st and March 30th CRA meeting minutes. [00:00:22] I move we approve. [00:00:23] I will second. [00:00:25] Any discussion? [00:00:26] Hearing none, all those in favor, please signify by saying aye. [00:00:29] Aye. [00:00:30] Opposed, like sign. [00:00:31] Motion passes.
This text was generated automatically from the meeting video. It is not a verbatim or official record. For exact wording, consult the video or the city clerk.
- 3
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Request to Enter into a Purchase and Sales Agreement for the Property Located at 5332 Acorn Street
approvedThe CRA Board authorized the CRA director to enter into a purchase and sale agreement for a 0.37-acre property at 5332 Acorn Street for $800,000, with $80,000 due upon execution and closing within 120 days. The acquisition is intended to support assemblage for a future mixed-use redevelopment project providing ingress/egress from Main Street and US Highway 19, and to facilitate stormwater attenuation. Funding comes from FY 2022-23 CRA land assemblage program funds.
- motion:Authorize the CRA director to make an offer on the 5332 Acorn Street property as described and make the required deposit. (passed)
5332 Acorn StreetRight of way between Main Street and Acorn StreetGun Barrel HoldingsRiverside Baptist ChurchSunTrustTampa Bay Regional Planning CouncilU-HaulAllenBlankenshipDebbie ManzJeff BerardelliLarry ShallisPetersRoland WallerSeanClearwater Beach Resilience ConferenceFY 2022-23 CRA Land Assemblage ProgramRFP for redevelopment projectResilience Action Plan (Tampa Bay Regional Planning Council)Stormwater attenuation pondVulnerability study▶ Jump to 0:32 in the videoShow transcriptHide transcript
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[00:00:32] Next is a request to enter into a purchase and sales agreement for the property located [00:00:36] at 5332 Acorn Street. [00:00:38] Ms. Manz? [00:00:41] Before I fully introduce this item, I do have an aerial at your places which is corrected. [00:00:52] Inadvertently, I sent out a map in your agenda packet which misrepresented the boundaries [00:01:01] of the property, and so therefore, I have removed two pieces of property from what was [00:01:12] provided to you on Thursday, one property that the city already owns, which is right [00:01:20] of way which spans from Main Street to Acorn Street between Waller's office and the former [00:01:34] Atomac Building, thank you. [00:01:43] And secondarily, a piece of what appears to be the holdings of Gun Barrel Holdings but [00:01:56] is actually owned by Roland Waller and it is a little independent piece, a little square [00:02:05] which is taken out of the rectangle which was originally presented to you as the ownership [00:02:14] of Gun Barrel Holdings. [00:02:18] The piece of property that we are talking about is actually .37 acres in size and it's [00:02:26] located in the southeastern quadrant of what is US Highway 19 and Main Street, and this [00:02:33] is adjacent to property which we have been for some time now talking about the redevelopment [00:02:42] of. [00:02:43] In that respect, there has been some discussion about the benefit of having a means of ingress [00:02:51] and egress from Main Street to this property, so we have been keeping our eye on the property [00:02:59] without having advanced any type of an offer for it. [00:03:06] We've been waiting for it to be market appropriate and we've been actually keeping our eye on [00:03:12] it as far back as 2020. [00:03:23] The assembly of property will allow the piece that we've already assembled to become much [00:03:36] more of interest to a potential developer having access to the property both from Main [00:03:43] Street and additionally from US Highway 19. [00:03:49] We really want, and I do and I'm certain that you'll agree, want people to rely very principally [00:04:03] on 19 and Main Street as a means of ingress and egress from the property and not for River [00:04:10] Road to be disturbed by any real traffic to and from that project. [00:04:20] So there have been offers on the property since it's been listed with a realtor over [00:04:31] the course of the last couple of years, none of which have really piqued the interest of [00:04:37] the real estate or of the owners of the property until very recently. [00:04:44] And I learned late last week that there was an offer submitted that they were giving serious [00:04:52] consideration to and that in all likelihood a sales agreement would be reached. [00:05:03] In that respect, I needed to make a presentation before you to determine whether or not you [00:05:12] want to exercise the option to enter into a purchase and sales agreement for the property [00:05:23] that would compete with the offer that is currently on the table and go forward with [00:05:33] an assembly that will make our proposed future project more marketable. [00:05:41] The purchase price that I think will present a strong offer on the property is in the amount [00:05:49] of $800,000. [00:05:52] The funding to cover the expenditure is available in the fiscal year 2022-23 CRA land assemblage [00:06:02] program funds. [00:06:07] The terms, if this is of interest to you and you would like to authorize me to enter [00:06:16] into a purchase and sale agreement, would entail a payment in the amount of $80,000 [00:06:23] upon the execution of a purchase and sale agreement. [00:06:28] The transaction closing would occur within 120 days of a fully executed purchase and [00:06:35] sale agreement, and then the balance of the funds would be paid at the closing on the [00:06:39] transaction. [00:06:44] And I wish that I was further along in discussions with some of the other adjacent property owners, [00:06:58] but this came up rather surprisingly as a good offer. [00:07:04] I have had discussions with Riverside Baptist Church, which I think is an important element [00:07:10] to introduce to you, and they have indicated an interest in selling a portion of their [00:07:23] unused parking area, and I think that that is something that will be necessary in order [00:07:34] for the full development of this plan to come to fruition. [00:07:40] And I'm prepared to respond to whatever questions you may have. [00:07:43] Open up for public comment. [00:07:46] Seeing no one come forward, I'll bring it back to the CRA. [00:07:49] Mr. Blankenship. [00:07:53] Yeah, maybe I can give a little quick recap of my understanding of the other element of all [00:08:01] of this, which is not only the assemblage, but also the attenuation pond and the grant that we [00:08:08] have that's out there, and I think that this would be an important piece. [00:08:16] Also, I think, Mr. Peters, I think you had been here to see the 3D modeling that was done by the [00:08:27] Tampa Bay Regional Planning Council, where they had shown an innovative sort of recreation [00:08:34] retention pond, because I continue to hear folks say, well, we moved the retention pond, [00:08:39] or have it referred to as a retention pond, but the hope has been that this would be a real [00:08:45] signature project for us that would incorporate that increased residential density, [00:08:52] and as well as some commercial activity. [00:08:56] The property in question, the cigar or the tobacco business, really is a wholesaler. [00:09:05] There was no element of any retail. [00:09:08] I'm not sure who the interested party is, but that large industrial warehouse building isn't [00:09:14] exactly fit the concept of a green, well-designed, mixed-use project that we have, and I think [00:09:26] ultimately when we go out for proposals, that this additional acreage is critical to getting [00:09:33] the attention of some of the developer industry that will see the potential to put things [00:09:39] together, through which I think we're looking for a public-private partnership. [00:09:45] So when you add the transportation element that you mentioned, Debbie, with the stormwater [00:09:53] improvements that are already funded in our budget as part of this project, and some public [00:09:59] recreation opportunities that are there, that it's a wise choice, and I thank you for keeping [00:10:05] your ear to the ground and learning of this opportunity while we have it. [00:10:11] So I'm in favor, and I'll be happy to make a motion, or second a motion, after hearing [00:10:18] from my colleagues. [00:10:20] Mr. Peters? [00:10:22] Yeah. [00:10:23] I think there's a lot of potential for this whole general area, and you know, wouldn't [00:10:32] it be nice if it was just all vacant land and we could buy it and go to it, right? [00:10:36] So we have a hard row to hoe, so to speak, in doing this, and it doesn't come cheap. [00:10:48] You know, it appears that I'm just a little bit starry-eyed about the amount on this sale. [00:10:58] It really equals just about the same cost per square footage, square feet, paying for [00:11:05] this as we paid for the SunTrust building, which of course has U.S. 19 frontage, right, [00:11:11] and is a larger partial, and so it doesn't help us necessarily dilute the cost of the [00:11:25] whole land project here, but I agree that it is a critical link, as well as it's not [00:11:36] the last piece that I envision that either we're going to have to acquire or a developer [00:11:44] is going to have to acquire to make it a significant project to do. [00:11:54] But I know this, that if we don't get it, it just makes everything else that much more [00:11:59] difficult and could actually then end up hurting the whole area and the whole project, because [00:12:07] I don't know what the buyer would use that property for, whether it's buying it for the [00:12:13] warehouse and want to continue to use that for that. [00:12:17] Right in the middle of where we're trying to obviously do a downtown is moving this [00:12:22] way with nearby residential density, I would be in favor of the acquisition. [00:12:35] My first thought when we were talking about this sometime back was that with Peter's work [00:12:49] with the Tampa Bay Regional Planning Council in doing something that would help with drainage [00:13:00] out of that area, I pretty well envisioned that any storm drainage work would wind up [00:13:09] having to go across that parcel and down Acorn Street to the river ultimately. [00:13:16] And so it's from a resiliency standpoint I think is probably a critical purchase. [00:13:25] I am a little bit concerned that we've only got a three or five foot wide stretch of property [00:13:32] that links that to our current property, but if either we or the developer can convince [00:13:42] Riverside to give up enough of that back parking lot that they don't use to make it possible [00:13:51] to run the drainage, to make it possible to put an access road into there, I think [00:13:58] it significantly improves the whole project. [00:14:03] And as was stated by Mrs. Manns, to the extent that it keeps additional traffic off of South [00:14:12] River, that's probably a really good thing. [00:14:16] And it would be easy to do. [00:14:18] I did drive the area today after lunch and verified the strip of asphalt going from Acorn [00:14:28] Street to Main Street is indeed an asphalt improved what appears to be single lane alley. [00:14:35] So there is access there. [00:14:36] It would wind up of necessity probably being one way, but it is there. [00:14:44] So I would be in favor of doing this and asking Mrs. Manns to come back to the CRA at some [00:14:52] future point with an update on any discussions that she has that look like [00:15:00] be productive with Riverside. That being said, Mr. Mayor, I'll make a motion to [00:15:06] authorize the CRA director to make an offer on the property as she has [00:15:12] described and make the required deposit. I'll second that. Any further discussion? [00:15:24] Well, yes, sir. I think that the property that Mr. Waller has and Larry [00:15:30] Shallis, I think both of those properties are also older properties, older real [00:15:35] estate. Larry's CPA office has got a number of residential rentals, so the [00:15:42] income that he produces from his building is probably considerably more [00:15:45] than the income that Mr. Waller produces from rentals since he utilizes the [00:15:51] facility for himself. But I would suspect that those two property owners [00:15:56] will also be critical to this plan at some future point, whether or not when [00:16:03] you do go out for proposals that it's seen as potentials as folks start to [00:16:08] look at it. But I have spoken with both parties and they're not opposed to being [00:16:13] part of a redevelopment project if it comes around and works for them. Be nice [00:16:19] to have that public-private partnership when it comes in. And I don't know how [00:16:24] that all will work in terms of the advertisement that we have been [00:16:27] anticipating for the RFP or the request for proposals or projects, but I think [00:16:35] this will make it much more interesting and I would also encourage the [00:16:40] forwarding of the dialogue with the Riverside Baptist Church. That's it. [00:16:49] As far as, you know, drainage, Mayor, you brought up a question here that, you know, [00:16:54] drainage would have to go out to Acorn Street and then down to the river. So [00:16:59] if we were going to create, I know we don't like to use the term retention [00:17:08] pond, but that would be the functional of it, whether that's what it looks like or not. [00:17:14] Intenuation is the word. That's both ways, coming in and going out. [00:17:20] Yeah, so, you know, I just, you know, I don't know what the water table there is and, you [00:17:27] know, how much that can do, but hopefully we'd rather see the wastewater [00:17:35] if it's not stormwater. If we could divert it somewhere other than the river, [00:17:40] if we can hold it there and divert it somewhere else would be good. I know that [00:17:47] all our, everything wants to flow to the river, but we've got to start somewhere [00:17:53] in long-term plans trying to get that as clean as possible. We ever hope to, you [00:17:59] know, get the river in better shape. I could envision this with whatever [00:18:05] stormwater attenuation that is thought of to ultimately work in much the same way [00:18:14] that Orange Lake works for the downtown, where it can be drawn down in one former [00:18:23] fashion before a storm event and then ultimately pulls water off of the [00:18:31] surrounding properties quickly and then ultimately does go out to the river, but [00:18:38] like you say, with some coverage so we're not just dumping tons into the [00:18:44] river when it's mid-flood stage. Mr. Mayor, on that point and to Mr. Peters [00:18:51] question at the bottom of the orange drawing, Mike, off of the U-Haul [00:19:01] rental property across the street from River Road is the next [00:19:07] outlet into the river, and so whether it went acorn or the other way, the [00:19:13] whole concept was to treat it because both of those outlets right now are [00:19:18] letting the water in untreated, so whatever water there is. It seems the [00:19:23] nature of the beast is a lot of this water is going west under the highway, if [00:19:27] I'm not mistaken, Robert, from the highway side, so we have that ridge kind of in [00:19:32] the middle so we don't have to take all of the water in, but I think there [00:19:39] are options and once again hopefully the innovation of investors and private [00:19:45] partners who come around, because when that is let loose, you'll see some [00:19:50] interesting design concepts that will be trying to, I guess, encourage us on what [00:19:56] we can have, so my hope is that we will just sort of continue to feed those [00:20:02] concepts out as we go, but I'm happy to be here today and see this happen. [00:20:11] Hearing none, all those in favor of the motion please signify by saying aye. Aye. [00:20:16] Opposed, like sign. Motion passes. The only communication I've got is tomorrow is [00:20:23] Election Day. I would encourage all the citizens to come out and vote. We've got [00:20:27] what I regard as three excellent candidates and look forward to seeing [00:20:33] what the voters choice is. Anything Mr. Peters? No sir, not today. Mr. Allen? Just came [00:20:41] back from the Regional Planning Council meeting, our last meeting until June, [00:20:45] because May, early May, is the Clearwater Beach Hosted Resilience Conference and [00:20:55] there was a lot of encouragement at our meeting to get folks to attend. I think [00:21:01] you all got invitations to that, and I know that there are a lot of great [00:21:08] speakers and information from Jeff Berardelli, the weatherman, talking about [00:21:17] storm systems that are coming this year, to innovative ideas that are being used, [00:21:22] and I'm really excited that my role there has put me in a position where New [00:21:30] New Port Richey is getting attention, and so projects like this and our vulnerability [00:21:35] study, which should be coming out soon, will continue to allow us to be in the [00:21:40] front of that. There has been an offer to come in June or later by Sean, the [00:21:48] director of the Regional Planning Council, to talk about his resilience [00:21:53] action plan, and there's a action plan they've worked on for a year and a half [00:21:58] that is for us to consider and look at and pick and choose, but the desire is [00:22:06] that the cities will adopt some of the strategies that have been worked on [00:22:10] through that action plan, and hopefully, Debbie, we can make that appointment with [00:22:14] Sean sometime before the first hurricane. Most timely, I would be remiss if I [00:22:22] didn't mention there is an article in the Washington Post today discussing the [00:22:31] sea level rise as it affects the Gulf of Mexico and southeast US on the Atlantic [00:22:38] side, and I would commit it to you to to read apparently because the Gulf is [00:22:44] relatively shallow. It's warming up faster than the rest of the oceans and [00:22:49] resulting in significantly higher sea level rise, including at places like [00:22:54] Pensacola, so it might be worth keeping our eyes on that. [00:23:00] Ms. Manch, did you have anything? Nothing this evening, Mr. Mayor. In that case, I would [00:23:04] entertain a motion to adjourn. So moved.
This text was generated automatically from the meeting video. It is not a verbatim or official record. For exact wording, consult the video or the city clerk.
- 4Communications
- 5Adjournment