CRA 12/10/2010 Minutes - Laserfiche WebLink

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ae pity tenter ®R®ban~ ®eve9®~rne~~ ~a~ner~ Staff has prepared and forwarded a three part contract for consideration to Robbins Development Partners including 1) a Contract For Sale and Purchase, 2) a Public/Private Development Agreement and 3) a Conceptual Plan Agreement. Robbins Development Partners has advanced a standard purchase contract back to the City for consideration. One significant difference between the two documents is consideration of a timeline and process for review of the development plan. While the original conceptual development plan presented to the City Commission provided a vision for 225 apartment units and 32,000 square feet of commercial, the submitted standard purchase contract allows for 75,000 square feet of commercial in addition to the 225 apartment units. While staff may not necessarily be opposed to developing the site with 75,000 square feet of commercial, without a visual representation of how such development can work on the site or a defined public/private process for reaching an agreeable development program, advancing the submitted contract is problematic. Robbins Development Partners is aware of the situation and is working to submit a revised contract to address the concern. 3o Tar~e$ ~u~~a~cel~ After considering the CRA's request to again make an offer to purchase the CRA parcels, Mr. Rubin indicated thaf he would prefer that the CRA purchase his parcel. His stated terms are a purchase price of $250,000 and to close by December 31, 2010. The property's value per the Property Appraiser is $59,346. Even if the CRA Board found the acquisition price agreeable, given the process that must be followed in order for the CRA to purchase property, staff has determined it to be impossible to close by the end of the year to satisfy Mr. Rubin's closing deadline. The details of staff discussions with Mr. Rubin are attached. 4e brass Lake err®~erct On November 30th, staff spoke with Javier Omana, Development Consultant for the owner, Walter Judge of the Grassy Lake parcel. Earlier in the month, a meeting took place between the owner, the development consultant, the owner's engineer, the City engineer, and several Public Works staff. Mr. Judge's engineer is making revisions to the plans per the recommendations of the City staff. Once these revised plans are finished, another meeting will take place for final submittal. When the final plans are approved, Mr. Judge will proceed with the site work. The costs for extending the sewer will come from the City's water and sewer impact fees. xxnxnxr raccalharrx~ nrn