SUBJECT/RECOMMENDATION:
Title
Reaffirm that portions of the former Harborview Property are unnecessary for public purposes; that disposal of said land is in the best interest of the Public; authorizing conveyance of the land by warranty deed pursuant to the terms of the purchase and sale agreement; authorizing the appropriate officials to execute said deed; releasing any automatic reservation and right of entry in accordance with F. S. 270.11, authorize the appropriate officials to execute same, and adopt Resolution 24-20.
Body
SUMMARY:
On August 4, 2022, the City Council approved a Purchase and Sale Agreement for the former Harborview site, previously addressed as 320 Cleveland Street, and being re-addressed as 50 N. Osceola Ave. The PSA contemplates a Closing Date by December 31, 2024, barring unusual circumstances. The PSA requires the buyer to obtain all pre-development approvals, such as an approved site plan and building permit, and to provide the City with satisfactory evidence of adequate financing and construction agreements in place prior to closing.
The proposed resolution complies with the current title commitment’s requirements and authorizes the appropriate officials to execute a warranty deed and other conveyance documents as necessary in order to convey marketable title in accordance with the terms of the Purchase and Sale Agreement, which will occur upon the satisfaction of all closing conditions.