HomeMy WebLinkAboutMinutes Administrative meeting 102375ADMINISTRATIVE MEETING
CITY OF PALM BEACH GARDENS
OCTOBER 23, 1975
An Administrative Meeting of the City Council of Pala Beach
Gardens convened at 9 :45 P.M. following the adjournment of the
Workshop Meeting, in the Assembly Roomy 10500 N. Military Trail,
Palm Beach Gardens, Florida.
ROLL CALL: Present were: Mayor Martino, Vice Mayor DeLonga, Councilman
Kiedis, the City Manager John L. Orr and Attorney Brant.
PURPOSE: The purpose of the tweeting was to discuss the land acquisition
of the 9t acres adjacent to the City Hall Complex and the
financing of same.
The City Manager, John L. Orr, made the following statement:
"We received (2) appraisals for the 9:� acres adjacent to the
City Complex. Per the Council's instructions, I re- negotiated
with Royal American Industries, Inc. for the purchase of the
94� acres. I made a tentative offer based on the average of the
(2) appraisals; Royal American wade a counter proposal of 10%
above the top appraisal on a take it or leave it basis.
The fact that this land is vital to the City in many aspects and
due to the escalating price of land, I feel that we should
pursue this proposal. The present City owned land is "L" shaped
and we definitely need the 9�1 acres to square off our boundaries.
The 9:� acres are zoned M-1 and should the City not purchase this
parcel there very well could be warehouses or some other type
structure that could completely destroy the City's intended use
of this land. I had the City Attorney work up a tentative
agreement for your consideration and I have given four methods
Administrative Meeting, October 23, 1975
Pag e 2
of payment based on a 7'6 interest rate with a 12 year mortgage
arrangement. Interest is on the unpaid balance.
I recommend Option "A" or Option "C" due to the flexability this
arrangement offers and due to the uncertainty of our present
economy ".
Discussion was held by the Council present. Vice Mayor DeLonga
favored Option "B" and Option "D "; Mayor Martino favored Option
"A" and Option "D"; and Councilman Kiedis favored Option "B" and
Option "D ". Councilman Wiley had expressed to the City Manager
that he favored Option "A".
No action was taken until the full Council was present.
ADJOURNMENT: The meeting adjourned at 10:15 P.M.
Mayor Martino l
�I
Vice Mayor D
qpie- �<,- ,
C nci-Iman Kiedis
oilman Wiley '
Counci a Feeney
CitV Clerk'