City of Gainesville - File #: 150875.

• File #: 150875.
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 3/28/2016
• In control: City Manager
• On agenda: 4/21/2016
• Final action: 4/21/2016
• Title: Exchange of Real Property with South Park Investment Group, LLC (B) This item is a request to approve a mutually beneficial exchange of land with South Park Investment Group, LLC, which will benefit the City by improving stormwater facilities in the Innovation Square District and providing public parking in the 600 block of SW 5th Avenue.

Date	Ver.	Action By	Action	Result
4/21/2016	1	City Commission	Adopted (Resolution) and Approved the Recommendation	Pass

Title
Exchange of Real Property with South Park Investment Group, LLC (B)

This item is a request to approve a mutually beneficial exchange of land with South Park Investment Group, LLC, which will benefit the City by improving stormwater facilities in the Innovation Square District and providing public parking in the 600 block of SW 5th Avenue.

Explanation
The Public Works Department has been contacted by the South Park Investment Group, LLC, (“Developer”) regarding an exchange of real property. The Developer wishes to expand the parking area for the Savion Apartments by acquiring approximately 19,282 square feet (a little less than half an acre) of City owned Parcel No. 13409-000-000 (“City Parcel”), which is located to the west of SW6th Street and south of SW 5th Avenue. In lieu of payment the developer is offering to convey 11,911 square feet (a little more than ¼ acre) of Parcel No. 13337-000-000 (“Developer Parcel”), which is located south of SW 5th Avenue. In addition to the conveyance of the Developer Parcel, the Developer agrees to construct an improved surface parking area for public use over approximately 25 feet of the northerly portion of the City Parcel. This parking lot will consist of 12 parking spaces and 5 bike racks which will accommodate 10 bicycles. (An aerial depicting the parcels involved is included in the backup.)

The South Park parcel is desirable to the City to improve the stormwater infrastructure for the area, which includes the Innovation Square district. Improvements will include the re-construction of an outfall pipe to enhance the function of the creek and serve as a safety upgrade to SW 5th Avenue. This transaction will also give the City ownership of that portion of the creek.

Because this proposed land exchange serves a greater public purpose than retention of the property, staff recommends declaring the portion of the City owned parcel described above as surplus, waiving the requirement in the City’s Real Estate Polic...