| | | | | | | |  | AGENDA REQUEST FORM CITY OF CAPE CORAL | Item Number:
| A.(16) | | Meeting Date: | 10/18/2023 | | Item Type: | CONSENT AGENDA |
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| | | | | | | | TITLE:
Resolution 296-23 Approve Contract for the purchase of 2107–2119 Santa Barbara Boulevard, (Block 930, Lots 1-12 and Lots 100-110 together with that portion of the vacated alley contiguous to Lots 1-11 and Lots 100-110, and the west ½ of the vacated alley contiguous to Lot 12, Cape Coral Unit 26; Strap #25-44-23-C4-00930.0010), for future government office facilities, for the purchase price of $3,800,000 plus closing costs not to exceed 7,000; Department: Financial Services; Dollar Value: $3,807,000; (Building Fund and General Fund Reserves)
ORDINANCES AND RESOLUTIONS:
WHAT THE RESOLUTION ACCOMPLISHES:
The Resolution approves a Commercial Contract between International Capital Investment Company III, LLC, a Florida Limited Liability Company, and the City of Cape Coral, a Florida Municipal Corporation, for the purchase of Lots 1 through 12 and Lots 100 through 110, together with the vacated alley contiguous to Lots 1 through 11 and Lots 100 through 110 and the west 1/2 of the vacated alley contiguous to Lot 12, Block 930, Cape Coral Unit 26, Cape Coral Subdivision. Property located at 2107-2119 Santa Barbara Boulevard.
REQUESTED ACTION:
Approve or Deny |
| | | | | | | | SUMMARY EXPLANATION AND BACKGROUND:
Due to the continued population growth of the City of Cape Coral and to provide adequate services to its citizens, the City is expanding its office facilities to consolidate the Development Services and the Parks and Recreation staff in a centralized location on Santa Barbara Boulevard less than 1 mile north of Veteran’s Parkway.
The subject property is approximately 2.8 acres and consists of two buildings having a total gross building area of 34,843 square feet. The two-story building on the north was built in 2006 and has approximately 19,467 square feet. The one-story south building was built in 2013 and has approximately 15,376 square feet.
Staff submitted an initial offer of $3,450,000 to purchase the site. The Seller countered the City’s offer at $3,800,000 and remained firm through negotiations. In addition to the purchase price, the City will pay its pro rata share of the 2023 non-ad valorem fees associated with the property at closing.
Staff requests approval to purchase 2107–2119 Santa Barbara Boulevard for the purchase price of $3,800,000 plus closing costs not to exceed $7,000, for future government office facilities.
STRATEGIC PLAN ALIGNMENT:
| 1. Is this a Strategic Decision? | Yes | | | If Yes, Priority Goals Supported are listed below. | | | | If No, will it harm the intent or success of the Strategic Plan? | |
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| | | | | | | | | CITY SERVICES AND AMENITIES: DELIVER EXCEPTIONAL CITY SERVICES AND HIGH-QUALITY AMENITIES |
| | | | | | | | RECOMMENDATIONS:
Approve.
SOURCE OF ADDITIONAL INFORMATION:
Dale Emery, Property Acquisition Agent
Public Works / Property Management
239-574-0714
Dawn Y. Andrews, Property Broker
Public Works / Property Management
239-574-0735
Persides Zambrano, Interim Public Works Director
239-574-0733
FISCAL IMPACT/FUNDING SOURCES(S)/BUDGET CONSIDERATIONS:
The Purchase of the two buildings and associated property will be funded by the following in the ratio provided:
Project C230010001 - Building Fund Admin Building - $1,042,357
General Fund Reserves - $2,764,643
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| | | | | | | | | 1. Will this action result in a Budget Amendment? | Yes |
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PREPARED BY:
| Dawn Y. Andrews, Property Broker | | Division- | Property Management | | Department- | Public Works |
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