Title
Gainesville Greens Revised Option Request (B)
This is a request from the developer of the proposed Gainesville Greens development that the option on City parking lot 10 be extended for six months.
Explanation
On March 15, 2006 the developer of the Gainesville Greens project requested an extension of the option on City Lot 10.
As background on the development and RFP process to date, Section 163.380(2) of Florida Statutes provides that interests in real property acquired by a Community Redevelopment Agency (CRA) may be disposed of in accordance with reasonable disposal procedures. Section 163.380(3), Florida Statutes, provides that prior to disposing of interests in real property, notice shall be published soliciting proposals from developers, which are to be submitted within 30 days after publication. Thereafter the CRA shall consider any such submitted proposals and accept such proposals as it deems to be in the public interest.
The City has optioned lot 10 to the CRA, which, pursuant to the authority provided by that statute, issued a Request for Proposal on June 17, 2005. On September 19, 2005, the CRA considered four proposals that had been submitted in accordance with the above procedures and ranked as highest the proposal submitted by Gainesville Greens, a mixed-use residential development proposal.
Gainesville Greens has taken a number of steps toward the development of the lot including the opening of a sales office this month.
Fiscal Note
None
Recommendation
City Manager to the City Commission: approve extension of the option on Lot 10 for a period not to exceed six months, ending December 17, 2007, and authorize the City Manager to execute all appropriate documents.
Alternative Recommendation A: City Manager to the City Commission: approve extension of the option on Lot 10 for a period not to exceed 12 months, ending June 17, 2008, and authorize the City Manager to execute all appropriate docu...
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