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HomeMy WebLinkAboutItem 06 Discussion and Direction on Change in Proposed Use Relating to Contract for Purchase of 17.96 Acres of City-Owned PropertyMeeting Date: March 2, 2021 Item # Contact Name: Scott Cookson Contact Number: 407-581-9715 Reviewed By: Department Director: City Manager: Robe*_W/"r Subject: Change in proposed use ; relating to contract for purchase of 17.96 acres of City -owned property located at the northeast corner of Fuller's Cross and Ocoee Apopka Road by GPK Investments, Inc. Background Summary: On August 4, 2020, the City Commission directed staff to proceed with preparation of a contract for the sale of 17.96 acres of City -owned property located at the northeast corner of Fuller's Cross and Ocoee -Apopka Road (the "Agreement"). This direction followed a presentation by staff and the City Attorney of the results of the City's Request for Proposals solicited for this Property. GPK Investments proposed the highest sales price. In addition, the City Commission's prior direction came after a presentation by Charlie Vickers, a representative of GPK Investments, with respect to the intended development of the Property for commercial uses consistent with the City's plan for the area. On October 12, 2020, the City and GPK entered into the Agreement. The Agreement sets a Purchase Price of $3,560,000.00 with closing to occur once GPK secures Final Site Plan approval and other development approvals. This Agreement was subsequently approved by the City Commission. GPK has now approached the City and no longer wants to develop a commercial project on the site. Instead, GPK is proposing that the site be developed as a townhome or apartment development that includes first floor residential on the buildings that front the corner of Fuller's Cross and Ocoee Apopka Road. Issue: Given GPK's proposed change in intended use for the Property from a commercial project to a townhome or apartment project, City Staff desires to receive input from the City Commission as to such proposed use as a mixed use commercial/townhome or apartment project. Type of Item: (please mark with an "x') Public Hearing Ordinance First Reading Ordinance Second Reading Resolution Commission Approval X Discussion & Direction Original Document/Contract Attached for Execution by City Clerk Original Document/Contract Held by Department for Execution Reviewed by City Attorney Reviewed by Finance Dept. Reviewed by Reviewed by 2 For Clerk's Dept Use: Consent Agenda Public Hearing Regular Agenda N/A N/A N/A N/A �, \ O ^ IIIH ' \ \ thi .. aQ H Glge• • •. Et \ rtf- x C rJ I 6tlCi EEEEi F • • �F. y�y ♦ 9 4-•-,4 • . - pt, , liri • • —.44 0 g \ \ -- ONO4 W c10,0-3000_ ,,3,,,,,,a s .....---1 . • TAit , �:: +\. • XM ; i win Q�_ {'{1{ sue'+{ �;►i•�' a • „ =.,4311 j ! VA\,I ,A- ' dlialilirsililiti 4 r A -r i a� e IIGliTirj ' dar' r. r j,l� } © `I a ��' \)\ , , ,���-!■ dt lt. it HII ar-------ace 1,1 li \ yl bill : ' • ;1114-JA*40.- ,14,---'1,1, m',41:31-4m - t s RI Ille , ;CCC _.ii Mg n.a 1 O a 000000_ y v /\ 6F g A yOmDOm yy }'}g'D Op�o,p��Oq, y0801ai1D> \� 4A;3m"daja � opm�0 '°^0aaaaaa�omm7�g Sm . mra 0 t� , z 5sv --a'� "J ar.,a O_ ''°ap,sQ •D 'd 4 2 4 nog g�- g ��Fc-Rii>Hb$goo P4�, $igl 2 /Z� ',, ;if srN SS 'mom:z ° iP t m ITI p 7 A T a _ I GsiAEigi� EA .a 0= o mo u8 >8... C n 1 Nim 3 8 E 21142 4A4 /o >a>"D Nr `r > c -1 lig 20 .° m mn D 4 $ �i 11-1111IN <$ .,z, ; URR4ni Ljao i g 0 g g' 'D p p R b l.Di o D 2 ma L dqh •riff pe < y w�xPfg ' • � R. fig§ °a! .a r= m m m - D r ��; ']E]s guo o @ _ 2a =1 _� H as D C>m =p :1 iii IT if8 ocy 59 N f " Z C v g` O 1 as 6. ' _ o. ^ t g 4 po