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CASSELBERRY CITY COMMISSION Minutes of August 24, 2020 — Regular Meeting Page 7 of 15 E. Mayors/Managers Group Report Mayor Glancy reported the group had met virtually on Tuesday, August 1811' and the Seminole County School Board had presented an update on the schools, including the four options that were given for the school year; the focus on mental health issues that may have arisen from the global pandemic; the homeless student population; and how sporting events were going to be addressed. She also advised that Oviedo Mayor Megan Sladek had been selected as the new Chairman. She expressed gratitude and appreciation for the School Board members who had worked so hard to find solutions for the continuing education of the County's students amidst the COVID-19 pandemic. 9. RESOLUTIONS A. Resolution 20-3184 — Sixth Amendment to the Acquisition Agreement and Option to Purchase with Casto Casselberry LLC The City Clerk read Resolution 20-3184 by title, as follows: "A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF CASSELBERRY, FLORIDA, AUTHORIZING THE EXECUTION OF A SIXTH AMENDMENT TO THE ACQUISITION AGREEMENT AND OPTION TO PURCHASE BETWEEN CASTO CASSELBERRY, LLC AND THE CITY OF CASSELBERRY; PROVIDING FOR CONFLICTS, SEVERABILITY, AND EFFECTIVE DATE." Staff Presentation: City Manager Randy Newlon stated that Resolution 20-3184 provides for the Sixth Amendment to the Acquisition Agreement and Option to Purchase with Casto Casselberry, LLC which would extend the expiration date of the agreement from December 31, 2020 until August 2023, and would extend the option to purchase the 2.6 acre parcel on Lake Concord north of the Police Station at a set price of $18,250 per acre. Discussion: A lengthy discussion ensued which included concerns about the lack of tax revenues for the City if the option were extended to 2023; the fact that the purchase price would remain the same two and a half years later; the lack of movement in development of the current commercial property being developed by Casto across from City Hall; uncertainty about a vision for the current police station property once the station is moved and the current building is demolished; possibility that the value of the police department property could increase; and the uncertainty of the economy. Due to the concerns expressed, the Commission as a whole agreed that there did not appear to be any benefit to the City in extending the option to purchase for an additional two and half years and it was desired that Casto either exercise the option to purchase the property by the expiration date of December 31, 2020 or opt out of the agreement, in which case ownership of the property would remain with the City. Budget Impact: There is no impact to the City Budget. Recommendation: The City Manager recommended approval of Resolution 20-3184. Audience Participation: No one came forward to address Resolution 20-3184.