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10/01/2007 CITY COUNCIL SPECIAL MEETING MINUTES CITY OF CLEARWATER October 1, 2007 Present: Frank Hibbard Mayor John Doran Vice-Mayor Carlen Petersen Councilmember George N. Cretekos Councilmember Paul Gibson Councilmember Also present: William B. Horne II City Manager Joe Roseto Interim Assistant City Manager Pamela K. Akin City Attorney Cynthia E. Goudeau City Clerk Brenda Moses Board Reporter The Mayor called the meeting to order at 1:30 p.m. at City Hall. To provide continuity for research, items are in agenda order although not necessarily discussed in that order. The meeting was called for the purpose of considering an arbitration agreement with Water’s Edge One, LLC in Circuit Civil Case number 07-006588-Cl-08. 2. City Attorney Reports 2.1 Authorize entering into an “Agreement to Arbitrate” between the City of Clearwater and Attorneys for Water’s Edge One, LLC, in the Water’s Edge One, LLC v. City of Clearwater and First Baptist Church of Clearwater, civil matter. Case 07-6588- CI-008. The Agreement to Arbitrate authorizes the City to resolve the Water’s Edge One, LLC v. City of Clearwater, et al., civil action involving title to real property. Resolution of the civil action would be by binding arbitration. The terms of the proposed agreement include the following: that retired Circuit Judge James Case would serve as the arbitrator; that the arbitration would take place on October 2, 2007, that each party would bear their own costs and fees; that, in the event the arbitrator rules in favor of Water’s Edge, the City agrees to waive its right to appeal (which, in any event would be limited by Rule 1.830, Fla. R. Civ. P., and §344.104, Florida Statutes) in exchange for $440,000; that should the arbitrator rule in favor of Water’s Edge and award damages in lieu of ejectment, the waiver payment would offset and reduce any damages awarded; that should the arbitrator rule in favor of the City, the City would agree to place a referendum requesting sale of the disputed parcel to Water’s Edge at the election of January 29, 2008, for an amount to be determined by City Council; and that should the arbitrator rule in favor of Water’s Edge the parties agree to jointly ask the court to enter judgment affirming the arbitrator’s award. City Attorney Pam Akin said an appraisal done for Water’s Edge valued the property at $450,000. The arbitration meeting is open to the public. Council Special 2007-10-01 1 Discussion ensued and it was consensus, should the arbitrator rule in favor of Water's Edge, the compensation for the City not appealing be $450,000 as per Water's Edge's appraisal. Councilmember Petersen moved to authorize entering into an "Agreement to Arbitrate" between the City of Clearwater and Attorneys for Water's Edge One, LLC, in the Water's Edge One, LLC v. City of Clearwater and First Baptist Church of Clearwater, civil matter, with compensation of $450,000 to the City for not appealing the decision should the ruling be in favor of Water's Edge. The motion was duly seconded and carried unanimously. 3. Adjourn The meeting adjourned at 1 :36 p.m. .~~ "--JV1ayor, City of Clearwater C"' r C Council Special 2007-10-01 2