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<br />Community Redevelopment Agency <br />March 31, 2008 <br />Page 3 of 5 <br /> <br />The motion passed unanimously with a 5 -1 vote. Mr. Trueba abstained from voting. <br /> <br />Sixth Item of Business: Purchase of residential property - 110 Quail Pond Circle <br /> <br />Mr. Paradise reviewed the staff memo dated March 28, 2008 (a copy is on file in the Community <br /> <br />Development Department). Mr. Paradise requested the Community Redevelopment Agency's permission to fund <br /> <br />the acquisition of the Quail Pond Circle property for an amount not to exceed $180,000 plus a 3% brokerage fees. <br /> <br />Mr. Paradise said a contract was distributed to the Board members in the amount of $175,000 plus the brokerage fee <br /> <br />(a copy of the contract is on file in the Community Development Department). He said approval of $180,000 would <br /> <br />provide some flexibility in negotiating the purchase of the property. <br /> <br />Mr. Matt Fortini said as part of the master planning for the downtown, the City has shown the four parcels on <br /> <br />Quail Pond Circle as commercial. He said that Mr. Triece has previously met with the homeowners regarding the <br /> <br />purchase of the four parcels along Quail Pond Circle. <br /> <br />A general discussion ensued regarding the purchase of the property along Quail Pond Circle and acquisition <br /> <br />of property in the Community Redevelopment District. Mr. Daigle made a motion for staff to purchase the Quail Pond <br /> <br />Circle property at a maximum cost of $185,400 including brokerage fees. Ms. Duprat seconded the motion. The <br /> <br />motion passed unanimously by voice vote. <br /> <br />Seventh Item of Business: Approval of invoices for Payments <br /> <br />Mr. McGregor made a motion to approve the Kimley Horn invoice. Ms. Campbell seconded the motion. <br /> <br />The motion passed unanimously by voice vote. <br /> <br />Mr. Paradise said that Cherry Beckart would provide a report on the audit at the next CRA meeting. <br /> <br />McGregor made a motion to approve the Cherry Beckart invoice. Ms. Campbell seconded the motion. The motion <br /> <br />passed unanimously by voice vote. <br /> <br />Mr. McGregor made a motion to approve the Orlando Sentinel legal ad. Mr. Campbell seconded the motion. <br /> <br />The motion passed unanimously by voice vote. <br /> <br />A lengthy discussion ensued regarding the status and funding of the US Highway 17/92 & State Road 436 <br /> <br />and the State Road 436/Red Bug Lake Road intersection improvement projects. There also was a discussion <br /> <br />concerning the possible termination of the PBS&J enhancement contract for the U.S. 17/92 Flyover design. Ms. <br />