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A RESOLUTION APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE A CONTRACT FOR SALE AND PURCHASE BETWEEN CUMM PARTNERS, INC. AND THE CITY OF POMPANO BEACH FOR THE PURCHASE OF PROPERTY LOCATED AT 1207 E. ATLANTIC BOULEVARD; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: $500,000)
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(Staff Contact: Cassandra LeMasurier)
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Summary Explanation/Background:
Property owner Cumm Partners, Inc. has indicated a desire to sell the property located at 1207 E Atlantic Boulevard to the City of Pompano Beach for $500,000.00. The property is a 17,537 square foot lot with a parking lot, zoned TO/EOD, Transit Oriented/East Overlay District, located directly west of the City owned property 1213 E Atlantic Boulevard, which was the site of the library that relocated to the new library facility at 50 W. Atlantic Boulevard January 2018. Both properties are zoned TO/EOD, Transit Oriented/East Overlay District in the East Transit Oriented Corridor.
The City intends to unify the 1207 property with the City owned property located at 1213 E Atlantic Boulevard to surplus for future development. Purchase of this property will increase the site from 29,223 to 46,760 square feet, which will maximize the options for future use and development of the site. If each property is developed individually the lot area limits the types of buildings allowed, which removes structured parking as an option on either site and creates a challenge for any developer to maximize the allowed density and meet the parking requirements. The Planning and Zoning Division has prepared the attached development analysis for developing the old library at 1213 E Atlantic and the 1207 E Atlantic property separately or as a unified site to illustrate the limitations on development entitlements if either site is developed without being unified.
In 2016 the City initiated a change in the future land use designation of the East Atlantic Boulevard Corridor to create the East Transit Oriente...
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