City of Gainesville - File #: 080382.

• File #: 080382.
• Version: 2
• Name: Mom’s Kitchen Site Redevelopment (B)
• Type: Discussion Item
• Status: Passed
• File created: 2/19/2009
• In control: Community Redevelopment Agency
• Final action: 2/19/2009
• Title: Mom's Kitchen Site Redevelopment (B) This item involves accepting a referral from the Community Redevelopment Agency (CRA) to the City Commission to explore the acquisition of the property known as "Mom's Kitchen" and hear a presentation from Staff on the purchase of the property.

Date	Ver.	Action By	Action	Result
2/19/2009	2	City Commission	Approved, as shown above (Second Motion)	Pass
12/15/2008	1	Community Redevelopment Agency	Approved as shown above (motion) and referred	Pass
9/15/2008	0	Community Redevelopment Agency	Approved as Amended and Referred to	Pass

Title
Mom's Kitchen Site Redevelopment (B)

This item involves accepting a referral from the Community Redevelopment Agency (CRA) to the City Commission to explore the acquisition of the property known as "Mom's Kitchen" and hear a presentation from Staff on the purchase of the property.

Explanation
Mom's Kitchen, an established restaurant dating back to the 1960's, is located at 1008 N.W. 5th Avenue in the Fifth Avenue/Pleasant Street (FAPS) redevelopment area (See Exhibit A). The owner closed the business and has engaged Rodney Long Real Estate of Gainesville, Florida as its agent and broker. Mr. Long has registered with the City's Clerk as a Lobbyist/Agent.

On December 15, 2008, the Community Redevelopment Agency referred the purchase of Mom's Kitchen to the City Commission for their review and consideration. A copy of the CRA's analysis and minutes are attached as Exhibit B. The CRA wishes to explore the acquisition of the property. The CRA has determined that the purchase of the property is important to the FAPS district and is supported by the FAPS Redevelopment Plan.

The CRA procured the services of a real estate appraisal firm to evaluate the Mom's Kitchen property. The firm's appraisal came in at $220,000. The owner's appraisal value of the property was $300,000. In addition, the CRA engaged services of a contractor who estimated the renovation cost at $279,500. The CRA determined that it had only $39,361 currently budgeted for acquisition options and that significant funding is necessary to purchase and renovate the building. Therefore, CRA is requesting the City further explore the acquisition of Mom's Kitchen.

City Staff conducted an analysis of the site which included the procurement of a third appraisal which came in at $165,000 as is, and $240,000 with renovations (See Exhibit G). The analysis included (1) Comparable sales in the area (2) City purchases of properties in the area including a map, and (3) Public benefit/va...