06-12-2000
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Agenda/eRA
6-12-00 .
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AGENDA
Community Redevelopment Agency Meeting
June 12, 2000 -1:00 P.M.
1 . Call to Order
2. Approval of Minutes: 5/30/00
3. Res. #00-01 - Approving First Amendment to Agreement for Development &
Disposition of Property - IMR Site II regarding sale of 1180 Cleveland Street property
from IMRglobal to Paul Simone or Assigns
4. Executive Director (Assistant City Manager) Verbal Reports
5. Other Business
6. Adjourn
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Clearwater
Community Redevelopment
Agency
Agenda Cover Memorandum
C ro.... Agenda Item #
t\\eeting Date:
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C;'. / d.. ()()
SU BJECT/RECOMMEN DATION:
Adopt Resolution No. 00-01 approving the First Amendment to Agreement For Development and
Disposition of Property - IMR Site II (aJk!a 1180 Cleveland Street), Confirmation of Consent by Agency to
Assignment and Assumption Agreement and Release allowing IMRglobal to sell its rights, title and
interests in and to 1180 Cleveland Street to Paul Simone or Assigns,
IE and that the appropriate officials be authorized to execute same,
SUMMARY:
. IMRglobal wants to sell its rights and interest in the property located at 1180 Cleveland Avenue to
Paul Simone or assigns. IMR obtained these rights and interests through an Agreement for
Development and Dispostion of Property in which IMR agreed to purchase the property for
approximately $131,770 from the CRA.
. Paul Simone or assigns will assume all the obligations contained in the Agreement for Development
and Disposition of Property which include: constructing support facilities required for the expansion
of the IMRglobal Center; pay all application, inspection, regulatory and impact fees or charges
pertaining to the project; Florida Department of Transportation driveway permit fees and South West
Florida Water Management District permit fees to the extent they relate to the IMR Site II project ;and
to commence construction on or before October 30, 2003.
. The CRA is obligated to pay all transportation impact fees associated with the project and to provide
off-site retention and detention. If the developer does not commence construction by the date
specified above the CRA will no longer be obligated to pay the transportation impact fees.
. The amendment, confirmation of consent and release are available in the City Clerk Department for
review.
Reviewed by: n it
Legal 1 (If-..-
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Budget 2-
Purchasing L-
Risk Mgmt 1-
Originating Dept.: Costs
Info Srvc .-L {cc\"cm lC bev. {} Total
Public Works .-L User Dept.: { "\
DCM/ACM Current FY
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Other Attachments
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Funding Source:
CI
or
Other
Submitted by:
City Manager
o Printed on recycled p.1per
o None
Appropriation Code:
RESOLUTION NO. 00-01
A RESOLUTION OF THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF
CLEARWATER, FLORIDA, APPROVING FIRST
AMENDMENT TO AGREEMENT FOR
REDEVELOPMENT AND DISPOSITION OF
PROPERTY FOR IMRGLOBAL CORP.; PROVIDING
AN EFFECTIVE DATE.
We, the undersigned, being all the members of the COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF CLEAR\V A TER, FLORIDA, a
public body corporate and politic of the State of Florida created pursuant to Part Ill,
Chapter 163, Florida Statutes ("Agency"), do hereby agree as follows:
WHEREAS, Agency and IMRglobal Corp., a Florida corporation, formerly
known as Information Management Resources, Inc. (IIMRglobal"), are parties to that
certain Agreement for Development and Disposition of Property - IMR-Site II dated as
of October 27, 1998 (the "Development Agreement"), a Memorandum of which dated
November 4, 1998 is recorded in Official Records Book 10299, at Page 511, of the Public
Records of Pine lIas County, Florida; and
WHEREAS, IMRglobal has agreed to sell all of its rights, title and interest in and
to the property subject to the Development Agreement (the "1180 Property") to Paul
Simone or Assigns ("Simone") pursuant to that certain Agreement for Sale of Property by
and between Developer and Simone dated March 1 0, 2000, (the "Sale Agreement"); and
WHEREAS, on April 12, 2000, Simone assigned all of his right, title and interest
in the Sale Agreement to S & P PROPERTIES, L.C., a Florida limited liability company
(liS & P"); and
WHEREAS, pursuant to the Sale Agreement and the assignment thereof, S & P
has agreed to assume all of IMRglobal's obligations as Developer under the Development
Agreement, and, in accordance with Section 15.01 of the Development Agreement,
IMRglobal and S & P have presented the First Amendment to Agreement for
Development and Disposition of Property - IMR-Site II (the "First Amendment")
attached hereto as Exhibit A for Agency's approval; and
WHEREAS, Agency desires to consent, conditioned upon the closing of the Sale
Agreement as provided herein, to the execution and delivery of the First Amendment as
well as the Confirmation of Consent attached thereto as Schedule A to Exhibit B (the
"Consent") and the Release attached thereto as Exhibit C (the "Release") upon the terms
and conditions as hereinafter set forth; now, therefore,
Resolullon No, 00.01
BE IT RESOLVED BY THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF
CLEARWATER, FLORIDA:
Section 1. That the Agency hereby approves the appropriate Agency officer
to execute and deliver, on behalf of the Agency, the First Amendment, Consent and
Release to IMR and S&P, subject to the following conditions and limitations:
(I) The execution and delivery of the First Amendment, Consent, and
Release by the appropriate Agency officer as contemplated herein ("Agency
Execution and Delivery") is contingent upon the closing (the "Closing") of the
sale of the 1180 Property from IMRglobal to S&P pursuant to the Sale
Agreement; accordingly, Agency Execution and Delivery shall not be deemed to
have occurred until the Closing, provided, however, the Closing must occur on or
before October 31, 2000 (the "Outside Closing Date");
(2) In the event the Closing does not occur on or before the Outside
Closing Date, the Agency approval hereby granted by this Resolution shall be
deemed automatically rescinded by the Agency without any further action
required by the Agency, and the Development Agreement shall thereafter remain
in full force and effect and unamended by the First Amendment; and
(3) In the event the Closing occurs on or before the Outside Closing
Date, the Agency approval of the First Amendment, Consent, and Release hereby
granted by this Resolution shall remain in full force and effect, and the
appropriate Agency officer shall promptly proceed with Agency Execution and
Delivery without any further action required by the Agency.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this
day of
,2000.
Brian J. Aungst
Mayor-Commissioner
Approved as to form:
jJi La
Pamela K. Akin
City Attorney
Attest:
Cynthia E. Goudeau
City Clerk
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Resolution No. 00-01