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Community Redevelopment Agency <br />December 15, 2011 <br />Page 2 of 2 <br />develop it to fit with the CRA Plan. Mr. Triece said he has received one contract and a letter of interest that has been <br />submitted for the Board's review. Mr. Triece recommended that the Board accept the contract that was presented by <br />G H & G Florida LLC. He said the price is the same as the CRA's initial asking price and the terms contained within <br />the contract for the inspection and the process to obtain the permits necessary to construct a facility on that property <br />are reasonable and customary for this type of property and development in our community. Mr. Triece said they <br />have met the requirements of conformance with the CRA Plan and for a fair value to be offered; therefore he is <br />recommending that the Board consider this favorably and take the action requested in the resolution. <br />Mr. Daigle arrived at the meeting at 9:18 a.m. Mr. Jones turned the meeting over to Mr. Daigle to Chair the <br />remainder of the meeting. <br />In response to the Board's question, Mr. Triece reviewed the customary charges that a seller is required to <br />pay for the sale of property. A general discussion ensued regarding the estimated closing costs paid by the CRA, <br />Mr. Triece said he added in a miscellaneous fee to cover any unexpected expenses but didn't feel it would be <br />needed. Mr. Triece said there is a representative from G H & G Florida LLC in the audience to answer any <br />questions. Mr. Mark Gravley, 4833 Higel Avenue, Sarasota, Florida came forward. Mr, Gravley said the contract <br />calls out for a national bank for the site. Mr, Gravley estimated that a bank would be constructed on the site within a <br />year. <br />Mr. Martin requested that the CRA Board act on the G H & G Florida LLC resolution and the resolution <br />would be advanced to the City Commission to satisfy the notification requirement to notify the elected body of the <br />CRA's action, Mr. Ritchie made a motion to adopt Resolution 11-01 to sell the Target Outparcel property to G H & G <br />Florida, LLC. Mr. Trueba seconded the motion. The motion passed unanimously by voice vote. <br />There were no comments received from the public. <br />Fourth Item of Business: Adjournment <br />There being no further business to come before the Board, the meeting was adjourned. <br />DATE MINUTES APPROVED BY COMMUNITY REDEVELOPMENT AGENCY: <br />Joni Dixon, Secretary <br />