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03-23-95SpMtg MARCH 23, 1995 A Special Meeting of the City Commission of the City of Delray Beach, Florida, was called to order by Mayor Thomas E. Lynch in the City Manager's Conference Room at City Hall at 5:15 p.m. on Thursday, March 23, 1995. Roll call showed: Present - Commissioner Jay Alperin Commissioner Ken Ellingsworth Commissioner David Randolph Mayor Thomas E. Lynch Absent - Commissioner Barbara Smith Also present were City Manager David T. Harden and City Attorney Susan A. Ruby. Mayor Lynch called the meeting to order and announced that it had been called for the purpose of considering the following item: (1) Consider purchase of the McGraw building at 306 N.E. 2nd Street for the Crossroads Club. City Attorney Susan A. Ruby presented for consideration a Letter of Intent to purchase the McGraw property located at 306 N.E. 2nd Street in Delray Beach. The terms include a purchase price of $280,000.00, with closing to occur on or before December 31, 1995. The City will tender $1,000.00, payable to the owner in consideration for the Letter of Intent. The $1,000.00 payment will be deducted from the purchase price upon closing. Ms. Ruby advised that she had discussed the matter with Mr. McGraw earlier in the day. He reviewed the Letter of Intent and it was acceptable to him. The City Attorney then reviewed correspondence received from The CRC Recovery Foundation, Inc. which essentially agrees to the terms set forth by the City Commission during the discussion of this matter at the regular meeting on March 21, 1995. During the first two years, the consideration would be $10.00 in each of those years, and during those years the CRC Recovery Foundation will do certain renovations, including installing an elevator. After the first two years, until the year 2001, the Foundation will pay to the City the amount of 856,000.00 annually, which would essentially cover the purchase price. As a result, the City's ultimate contribution to the acquisition of the property is free interest. Ms. Ruby then stated that the Commission had discussed the possibility of a reverter if the property was not used for alcohol and/or drug recovery purposes. In light of the fact that the CRC Recovery Foundation will be paying the City the entire purchase price over a period of time, they do not want to give the City a reverter. Discussion followed on this point, with direction to the City Attorney to incorporate a "right of first refusal" clause in favor of the City during the term of the mortgage, at the original purchase price of $280,000.00. Mr. Randolph moved to approve the Letter of Intent to Purchase Real Property located at 306 N.E. 2nd Street at the purchase price of $280,000.00, seconded by Mr. Ellingsworth. Upon roll call the Commission voted as follows: Dr. Alperin - Yes; Mr. Ellingsworth - Yes; Mr. Randolph - Yes; Mayor Lynch - Yes. Said motion passed by a vote of 4 to 0. Prior to roll call, discussion was had concerning the City's policy for assisting organizations which provide services to the community that in the long run may help to prevent future problems and additional demands on the City's resources. The consensus was.to discuss this matter further at a future workshop. There being no further business, Mayor Lynch declared the special meeting adjourned at 5:45 p.m. ATTES~----~ · M A Y~/~ The undersigned is the City Clerk of the City of Delray Beach, Florida, and the information provided herein is the Minutes of the Special Meeting of the City Commission held on March 23, 1995, which Minu~es were formally approved and adopted by the City Commission on -- - ~* City Cl~rk NOTE TO READER: If the Minutes you have received are not completed as indicated above, this means they are not the official Minutes of the City Commission. They will become the official Minutes only after review and approval which may involve amendments, additions or deletions to the Minutes as set forth above. - 2 - 3/23/95