City of Gainesville - File #: 190364.

• File #: 190364.
• Version: 2
• Type: Resolution
• Status: Adopted
• File created: 9/5/2019
• In control: City Commission
• On agenda: 10/17/2019
• Final action: 10/17/2019
• Title: 802 NW 5th Ave Commercial Building (B) This item is for the adoption of a Resolution, finding and declaring City owned parcels 13809-001-000 and 13807-000-000 as surplus and approving and authorizing the disposition of these City owned parcels to Real Estate Acquisition for Children, LLC.

Date	Ver.	Action By	Action	Result
10/17/2019	2	City Commission	Adopted (Resolution) and Approved the Recommendation	Pass
9/16/2019	1	Community Redevelopment Agency	Approved, as shown above	Pass

Title
802 NW 5th Ave Commercial Building (B)
This item is for the adoption of a Resolution, finding and declaring City owned parcels 13809-001-000 and 13807-000-000 as surplus and approving and authorizing the disposition of these City owned parcels to Real Estate Acquisition for Children, LLC.

Explanation
The CRA’s offices are currently located on the second floor of the 802 NW 5th Avenue Commercial Building in the Fifth Avenue Neighborhood (Tax Parcel # 13809-001-000). Prior to that the CRA offices were leased in the Commerce Building located in the Downtown Redevelopment Area adjacent to City Hall. In November 2009, the CRA Board approved 802 NW Ave as the site for a new CRA-owned mixed-used office building. The approval of the site was contingent on the resolution of parking availability at the adjacent City-owned lot located at 804 NW 5th Avenue (Tax Parcel # 13807-000-000). The facility was designed by DAG Architects and built by PPI/CPC Construction.

This site is located directly across the street from Duncan Brother Funeral Home at the intersection of NW 5th Ave and NW 8th Street. It is the former site of St. Paul CME Church. The lot is approximately .14 acres and is currently zoned MU-1 (mixed use low intensity). The site offers easy access from three sides for construction and has a City-owned parking lot adjacent to the building.

Construction costs to build the LEED Silver Mixed-use Building totaled $893,750 and were allocated between the 2nd floor office (funded by all CRA Trust Funds) and 1st floor retail/commercial space (funded through debt and repaid by Fifth Avenue/Pleasant Street Trust Fund only, based on square footage, which is 62% office and 38% retail. In December 2009 a promissory note was entered into with Sunstate Federal Credit Union for construction of the office building to be repaid from tax increment proceeds.

The 802 NW 5th Avenue Commercial Building has been a home for the CRA Team since 2010 and during our time there...