CRA (Community Redevelopment Agency) approved buying the former Harry Schwetman Education Center, roughly 8 acres at 5520 Grand Boulevard, for $1.75 million from Pasco schools.
5 items on the agenda · 2 decisions recorded
On the agenda
- 1Call to Order - Roll Call▶ 0:00
- 2
Approval of August 15, 2023 CRA Meeting Minutes
approvedThe CRA Board approved the minutes from the August 15, 2023 CRA meeting.
- motion:Approve the August 15, 2023 CRA meeting minutes. (passed)
▶ Jump to 0:17 in the videoShow transcriptHide transcript
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[00:00:17] OK, we're on approval of the August 15th meeting. [00:00:22] Move for approval. [00:00:23] Second. [00:00:25] Second. [00:00:26] All those in favor? [00:00:27] Aye.
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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Purchase and Sale Agreement for 5520 Grand Blvd.
approvedThe CRA Board considered a purchase and sale agreement with the District School Board of Pasco County to acquire the former Harry Schwetman Education Center property (~8 acres) at 5520 Grand Boulevard for $1,750,000, with a $25,000 deposit and balance due within three years. The agreement requires retaining the existing building for 15 years. The motion was approved and now goes to the school board for their approval.
- motion:Motion to approve the purchase of 5520 Grand Boulevard by the CRA per the purchase and sale agreement. (passed)
5520 Grand Blvd.District School Board of Pasco CountyGulf High SchoolHCAMikeMr. KirkPeteGrand Boulevard redevelopmentHarry Schwetman Education CenterMarine Districtformer community hospital / HCA site redevelopmentmulti-use trail▶ Jump to 0:28 in the videoShow transcriptHide transcript
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[00:00:28] All right, and then we'll go on to the purchase and sale [00:00:31] agreement of 5520 Grand Boulevard. [00:00:33] OK, Mr. Kirk, you ready to take this on, [00:00:35] or do you want me to try my hand at it? [00:00:38] Go for it. [00:00:39] OK, I'd be glad to. [00:00:43] The purpose of this agenda item is [00:00:45] to consider the purchase and sale agreement [00:00:48] with the District School Board of Pasco County [00:00:51] for the former, I guess we could call it former, [00:00:54] maybe that's not appropriate, the Harry Schwetman Education [00:00:57] Center property located on Grand Boulevard. [00:01:01] The school board has indicated interest [00:01:06] in selling the property. [00:01:08] And I have had conversations over the last few months [00:01:13] with representatives from the school administration [00:01:18] regarding the purchase of nearly eight acres of property. [00:01:23] The property was appraised over two years ago [00:01:27] for $2.8 million. [00:01:30] It serves as a gateway to the city [00:01:33] and also has great historical value to the city. [00:01:37] The property contains a building which [00:01:43] is very important to the school district. [00:01:47] And they have asked if anyone is to purchase the property [00:01:56] that the building be retained on the property [00:01:58] for a 15-year period of time. [00:02:02] That being said, a considerable amount of money [00:02:07] would need to be invested in the building [00:02:11] to accommodate any future reuse of the building. [00:02:16] And in order to finance that investment, [00:02:23] it makes sense to pay A, a reduced fee for the property, [00:02:29] and B, to use what capital you might [00:02:32] have paid for the purchase of the property [00:02:35] to invest in the building to make it suitable [00:02:39] for redevelopment purposes. [00:02:42] Therefore, an offer in the amount of $1,750,000 [00:02:49] was advanced for consideration to the school district [00:02:57] for a purchase price with a deposit in the amount of $25,000. [00:03:05] And the deposit was to be paid within 30 [00:03:09] days of a fully executed purchase and sale agreement. [00:03:15] The remaining balance of the funds [00:03:17] was to be paid within three years of the purchase and sale [00:03:23] agreement. [00:03:25] And those were the terms that were tentatively [00:03:30] agreed to by the administration of the school district. [00:03:36] The agenda item is before you this evening in your capacity [00:03:42] as members of the Community Redevelopment Agency [00:03:46] for your approval. [00:03:47] If you approve this agenda item, it [00:03:51] will be before the school district [00:03:57] board of education for approval by them later this month. [00:04:06] Do we have any public comment on the Swetman building? [00:04:11] Seeing no one come forward, we'll bring it back to council [00:04:13] looking for approval. [00:04:15] I will make the motion to approve the purchase by the CRA. [00:04:20] Second. [00:04:22] Pete, you want to comment? [00:04:24] I think right now it's a matter of getting a property [00:04:26] under hand. [00:04:28] I'm sure there are a variety of things [00:04:30] people would like to do with it. [00:04:31] I'd love to share mine at some point [00:04:34] and let everybody have a good chance. [00:04:36] But economically, for us to have a piece of the river that's [00:04:40] all part of what our city is about, as big as that is, [00:04:43] provides a lot of opportunities. [00:04:46] And there's so much heart in the community for the Gulf High [00:04:51] School being the first high school [00:04:54] that it has a lot of meaning to folks [00:04:56] who have been here a long time, too. [00:04:58] So thank you for the negotiation and for the amount [00:05:03] of waterfront property. [00:05:05] That's a good job. [00:05:07] Thank you. [00:05:08] Second. [00:05:09] Mike. [00:05:11] Yes, I would also commend you, city manager, [00:05:15] on working that deal out. [00:05:18] Hopefully that gets fully approved by the board. [00:05:22] I think it's an important piece of property [00:05:24] as our south side of the city. [00:05:26] We look down that way, we're going [00:05:29] to have the multi-use trail, the Grand Boulevard redevelopment. [00:05:33] This ties into that. [00:05:34] Also, the new Gulf High School renovations [00:05:39] are basically new construction. [00:05:43] And also, with potential redevelopment [00:05:47] of the former community hospital site, [00:05:51] I think that all that would be kind of a south side city [00:05:59] renovation that will happen, hopefully, sooner than later. [00:06:05] Thank you. [00:06:07] Nothing else to add? [00:06:09] I'll just say that hopefully that's [00:06:12] approved by the school board. [00:06:13] I mean, what a great spot right there. [00:06:15] I mean, so many things going on right in that area. [00:06:18] With the river, you've got the, like Mike said, [00:06:22] the Grand Boulevard project, the new bridge. [00:06:26] I mean, so many things happening right there [00:06:28] with close proximity to downtown. [00:06:31] So I mean, looking forward to see what that can become. [00:06:35] I think it's a movement downtown. [00:06:37] We have those two commercial buildings [00:06:39] on Catty Corner from each other, too. [00:06:41] Well, one's developed and one needs to be remodeled. [00:06:43] So it could be another little business hub. [00:06:46] You know, I really look forward to it. [00:06:47] And did they mow the grass for the sale? [00:06:52] Just kidding. [00:06:52] They did mow the grass, yeah. [00:06:55] I just wondered. [00:06:56] The other thing I should have mentioned [00:06:57] is this really ties in with the redevelopment of the HCA [00:06:59] property, too. [00:07:00] Yes, right. [00:07:01] Gives us cause to really dress the whole marine district. [00:07:07] All right, all those in favor? [00:07:09] My dinosaur's in that grass. [00:07:11] Only eggs. [00:07:12] Only eggs. [00:07:12] Just drop eggs. [00:07:15] All those in favor? [00:07:16] Aye. [00:07:17] Aye. [00:07:17] Those opposed? [00:07:19] Any other communication? [00:07:20] No. [00:07:21] All right. [00:07:23] Well, I'll talk to you. [00:07:24] Even Peter's talked out tonight. [00:07:25] That's right. [00:07:26] Got me. [00:07:31] That's probably it.
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