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A RESOLUTION APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE A CONTRACT FOR SALE AND PURCHASE BETWEEN POMPANO BEACH LODGE #1898, BENEVOLENT AND PROTECTIVE ORDER OF ELKS OF THE UNITED STATES OF AMERICA, INC. F/K/A POMPANO BEACH ELKS CLUB, INC. AND THE CITY OF POMPANO BEACH FOR THE PURCHASE OF PROPERTY LOCATED AT 700 NE 10TH STREET; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: $5,500,000.00)
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(Staff Contact: Gregory P. Harrison)
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Summary Explanation/Background:
This item was stricken March 28, 2017 because it was tied to the General Obligation Bond issue item that had to be stricken over timing of the August 8th Special Election. Pursuant to the item being delayed on March 28th, we received a letter (attached) dated April 1, 2017 from the Pompano Elks stating they were giving notice to the City and they would immediately explore and negotiate options with parties other than the City. The Pompano Elks still remain open to further negotiations with the City, but time is of the essence.
Based upon this notice from the Pompano Elks, we are respectfully requesting your approval of this Resolution to authorize the City to execute a contract with the Pompano Elks to secure this property for families to enjoy with the youth of Pompano Beach.
Due to the serious lack of space for youth sports on rectangular fields, the City has been in negotiations since May of 2016 with the Elks Lodge #1898 regarding their 11 acres located at 700 NE 10th Street, Pompano Beach, FL.
The City initially received an approved Letter of Intent from the Elks on February 3, 2017 whereupon one on one meetings were held with each member of the City Commission. Pursuant to the one on one sessions, the City Attorney's Office reviewed and approved a Contract for Sale and Purchase in the amount of $5,500,000 which has also been reviewed and approved by the Elks attorneys. The transaction is now ready for completion with City Commission approval. Once a...
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