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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE A CONTRACT FOR SALE AND PURCHASE BETWEEN ARSH OIL & GAS LLC AND THE CITY OF POMPANO BEACH FOR THE PURCHASE OF PROPERTY LOCATED AT 550 SOUTH CYPRESS ROAD; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: $649,000.00)
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(Staff Contact: Cassandra LeMasurier)
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Summary Explanation/Background:
Property owner Arsh Oil & Gas LLC has indicated a desire to sell the property identified as Broward County Property Appraiser (BCPA) folio 4942 01 00 0410 located at 550 S Cypress Road, Pompano Beach, FL 33060 the ("550 property") to the City of Pompano Beach for $649,000.00. The property is a former gas station with a 23,229 square foot lot and 2,551 square foot building located at the northwest corner of Sergeant Kip A. Jacoby Park, formerly known as Norwood Pines Park. The BCPA information and aerial of the property is included as Exhibit 1.
The 550 property is surrounded by Sergeant Kip A. Jacoby Park ("Park") on its south and east borders and has always been contemplated to be incorporated into an expansion of the Park amenities as described in the City's Parks Master Plan (Master Plan), adopted by the City Commission July 2013. The conceptual plan for the Park expansion in the Master Plan includes the 550 property as part of the Park to double the parking by adding an additional twenty (20) parking spaces and additional greenspace. As noted in the Master Plan Commission District 3 is in need of additional park land and there are no vacant sites within the District to locate new parks. Acquisition of this property will add an additional .55 acres to the existing 5.4 acre Park. The proposed Park improvements and conceptual plan in Section 7.4 of the Master Plan are included as Exhibit 2.
The property has been vacant with no water service or City business tax receipt since 2010 and has numerous code compliances ca...
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