CRA 08/15/2013 Minutes - Laserfiche WebLink

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Community Redevelopment Agency August 15, 2013 Page 2 of 5 to facilitate future redevelopment in the Community Redevelopment District (CRD). He said that staff has been working with Mr. Steve Triece, The Triece Company, to look at the parcels within the CRD. Mr. Dudgeon presented a PowerPoint presentation to the Board providing some information regarding possible target areas for the CRA to consider (a copy is attached and made a part of the minutes). Mr. Dudgeon said that Mr. Triece would provide his assessment of the various properties shown in the PowerPoint Presentation. Mr. Triece said that he has served the CRA for the past 15 years and has also worked as a real estate advisor for the City of Casselberry and the CRA Board. Mr. Triece said he has over 30 years of experience working in this area of Seminole County. Mr. Triece said he contacted the property owners for the parcels outlined in the PowerPoint presentation to determine if the property owners were interested in selling their properties. He said the asking price figures shown in the PowerPoint Presentation are not negotiated figures but values the property owners were interested in for the sale of their property. He said if the Board directs staff to go further with this project, more consideration would be given to the strategy and how to proceed. Mr. Triece reviewed the two spreadsheets that were included in the agenda packet which provided information on the various targeted parcels that Mr. Dudgeon reviewed in his PowerPoint Presentation (a copy is attached and made a part of the minutes). Mr. Triece said that the vacant commercial site showed in Sub -area 1 is currently listed for $219,000. He said the lot was previously used for automobile sales and was purchased for $199,000. He said it is priced to cover the selling costs. Mr. Triece stated that the Ding Bikes parcel had recently been purchased for $250,000 and the L- shaped parcel behind it for $30,000. He said that the parcel may have some issues with wetlands and drainage. He said the parcels are not for sale but the owners would entertain a purchase if the price was right. Mr. Triece said that the Italian Ice parcel (80 Golden Days) is small and it does not have the access to be successful. Mr. Triece said the property owner for Young's Automotive has been non - responsive to his inquiry. Mr. Triece stated that the Lu Rae Motel was recently purchased for $500,000 and the owner is currently making improvements to the site. He said the owner would like to sell the property for approximately $1 million. He said the Casselberry Christian Church has recently gone on the market for $499,000 but that price is negotiable. He