Title
ORDINANCE NO. 19O-12-151: AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF LAUDERHILL APPROVING THE VACANT LAND CONTRACT BETWEEN THE CITY OF LAUDERHILL AND LAUDERHILL MARKETPLACE, LLC FOR THE CITY OF LAUDERHILL TO PURCHASE AN APPROXIMATE 6.35 ACRE VACANT PARCEL OF LAND LOCATED AT THE CORNER OF STATE ROAD 7/U.S. 441 AND N.W. 11th PLACE, LAUDERHILL FOR THE PURCHASE PRICE OF $3,472,158.40; AUTHORIZING THE CITY MANAGER AND/OR HIS DESIGNEE TO EXECUTE ANY AND ALL NECESSARY DOCUMENTS; PROVIDING FOR PAYMENT FROM THE APPROPRIATE BUDGET CODE NUMBER(S); PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY CITY MANAGER, CHARLES FARANDA).
Body
Request Action:
Pass a Resolution to approve the Lauderhill Marketplace Sale/Purchase Contract
Need:
To approve a contract for the purchase of land
Summary Explanation/ Background:
The City of Lauderhill has negotiated the purchase of an additional approximate 6.35 acre parcel of land owned by the Lauderhill Marketplace referred to as Parcel 4 in the Amended and Restated Memorandum of Understanding that the parties have already entered into. Lauderhill Marketplace will retain approximately 1.87 acres referred to as Parcel 3 with the intent to develop a gas station and convenience store. The City of Lauderhill has already purchased am approximate 1.70 acre site referred to as Parcel 1. Lauderhill Marketplace will donate the approximate 4.00 acre site to the City of Lauderhill referred to as Parcel 2 at no cost to the City once all building permits have been issed for the gas station on Parcel 3.
Attachments:
1. Contract for Sale and Purchase
2. Amended and Restated Memorandum of Agreement
Cost Summary/ Fiscal Impact:
$3,472,158.40 with use of GO Bond funds
Estimated Time for Presentation:
Master Plan:
Goal 1: Clean, Green Sustainable Environment
[ ] Increase mass transit ridership [ ] Reduce City energy consumption
[ ] Reduce water consumption
Goal 2: Safe and Secure City of Lauderhill
[ ] Crime in lower 50% in Broward [ ] Residents feel safe in neighborhood
[ ] Reduce emergency fatalities
Goal 3: Open Spaces and Active Lifestyle for all ages
[ ] Increase participation in youth sports [ ] Add new park land and amenities
[ ] Increase attendance at cultural programs and classes
Goal 4: Growing Local Economy, Employment and Quality of Commercial Areas
[ ] Increase commercial tax base [ ] Increase employment in Lauderhill businesses
[ ] Decrease noxious and blighted uses in commercial areas
Goal 5: Quality Housing at all Price Ranges and Attractive Communities
[ ] Neighborhood signs and active HOAs [ ] Housing & streets improved, litter reduced
[ ] Increase proportion of single family homes and owner occupied housing
Goal 6: Efficient and Effective City Government, Customer Focused & Values Diversity
[ ] Improves City efficiency [ ] Increase use of Information Technology
[ ] Increases residents perception of Lauderhill as an excellent place to live