Submitted By: Tye Chighizola
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Presentation By: Tammi Haslam
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Department: Growth Management
STAFF RECOMMENDATION (Motion Ready):
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Adopt Budget Resolution 2022-126 to appropriate funds from the General Fund Reserve for projects for the purchase of six parcels in Downtown Ocala owned by the Mt. Moriah Church in the amount of $1,765,000. Tabled from the February 1, 2022 City Council Meeting
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OCALA'S RELEVANT STRATEGIC GOALS:
Economic Hub.
PROOF OF PUBLICATION:
N/A
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BACKGROUND:
After analyzing seven downtown sites for a new parking garage, staff is recommending that the City purchase 1.62 acres owned by Mt. Moriah church that fronts on SW Broadway, SW Second Avenue, SW Third Avenue, and SW Ft. King Street (Parcels: 2853-026-004, 2853-026-003, 2853-026-001, 2853-027-005, 2853-027-002, and 2853-027-001). The purchase includes all buildings and land owned by the church downtown. Mt. Moriah will be relocating to a larger parcel located on SW Fifth Street east of SW 27th Avenue. The proposed contract allows the church to occupy the property for one year after the closing which will take place on or before March 31, 2022.
FINDINGS AND CONCLUSIONS:
The location will support parking needs for the existing businesses south of SR 40 between South Pine Avenue and South Magnolia Avenue plus any redevelopment taking place in the area. The most recent appraisal was for $1,640,000. Staff and church officials agreed on a price of $1,765,000 which is 7.6% over the appraised value. The overage considers some site and administrative costs related to the church relocating to their new site.
Currently, staff is working with another owner concerning property (.28 acres) at 222 SW Broadway St. This property is being used as a parking lot and is located at NW corner of SW Third Avenue and SW Broadway St. If purchased by the City, the proposed garage would occupy the entire block. The proposed garage will be similar in size to the first garage w...
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