26-06RESOLUTION NO. 26-06
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF CLEARWATER, FLORIDA,
APPROVING AND AUTHORIZING CONVEYANCE OF
CERTAIN REAL PROPERTY LOCATED AT 706 N. MISSOURI
AVENUE, CLEARWATER, FLORIDA 33755 BY SPECIAL
WARRANTY DEED PURSUANT TO THE TERMS OF AN
AGREEMENT FOR DEVELOPMENT, PURCHASE, AND SALE
OF PROPERTY; AUTHORIZING APPROPRIATE OFFICIALS
TO EXECUTE SAID DEED; RELEASING ANY AUTOMATIC
RESERVATION AND RIGHT OF ENTRY IN ACCORDANCE
WITH SECTION 270.11, FLORIDA STATUTES; PROVIDING
FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE
DATE.
WHEREAS, the Community Redevelopment Agency of the City Of Clearwater, Florida
(the "Agency") owns in fee simple property having an address of 706 N. Missouri Avenue,
Clearwater, Florida 33755, Parcel I.D. Number: 10-29-15-33300-000-0010, as more particularly
described on Exhibit "A" (the "Property"); and
WHEREAS, Section 163.380(1), Florida Statutes provides that a community
redevelopment agency may sell, lease, dispose of, or otherwise transfer real property or any interest
acquired in the real property for community development in a community redevelopment area to
any private person; and
WHEREAS, Section 163.380(2), Florida Statutes provides that such real property shall be
sold, leased, or otherwise transferred at a value determined to be in the public interest and that if
the value of such real property is disposed for less than fair value, such disposition shall require
the approval of the governing body at a duly noticed public hearing; and
WHEREAS, Section 163.380(3)(a), Florida Statutes provides that prior to disposition of
such real property the Agency must give notice of disposition by publication in a newspaper having
a general circulation in the community and invite proposals from private redevelopers or any
persons interested in undertaking to redevelop or rehabilitate a community redevelopment area or
any part thereof; and
WHEREAS, on February 22, 2026, the Agency published a Notice of Disposition of
Property (the "Disposition Notice") in a newspaper having a general circulation in Clearwater,
Florida requesting proposals to acquire the Property seeking a local business headquartered in the
City of Clearwater to redevelop the site for commercial use among other specifications; and
WHEREAS, St. Benedict Holdings, LLC (the "Developer"), was the only respondent to
the Disposition Notice and submitted a proposal for redevelopment of the Property with a focus
on expanding the operations campus for its food distribution business, commonly known as
Magnificat Holdings LLC d/b/a Yo Mama's Foods; and
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WHEREAS, on April 20, 2026, the Agency's Board of Trustees convened at a duly noticed
public meeting and authorized the Agency's staff to negotiate an agreement for development and
purchase, and sale of property with the Developer; and
WHEREAS, on August 3, 2026, the Agency's Board of Trustees convened at a duly
noticed public meeting and approved the Agreement for Development, Purchase, and Sale of
Property (the "Purchase Agreement") and the underlying sale of the Property for the purposes
contained therein; and
WHEREAS, the Agency desires to authorize the conveyance of the Property as described
herein to the Developer with contractual rights under the Purchase Agreement with the vested
owner identified therein by and through the appropriate CRA officials who are authorized to
execute said deed, and to authorize the CRA Chairperson or his designee to execute all associated
documents as necessary to effectuate the closing in accordance with the terms of the Purchase
Agreement.
NOW THEREFORE, BE IT RESOLVED BY THE AGENCY:
SECTION 1. The Agency authorizes the sale and conveyance of the Property as described
herein to the Developer with contractual rights under the Purchase Agreement with the vested
owner identified therein by and through the appropriate CRA officials authorized to execute a deed
that conforms to the requirements of the Purchase Agreement. The CRA Chairperson or his
designee may execute all associated documents as necessary to effectuate the closing in accordance
with the terms of the Purchase Agreement.
SECTION 2. The Agency approves of the sale and conveyance of the Property by special
warranty deed, and said deed shall release any automatic reservation and right of entry in
accordance with Section 270.11, Florida Statutes.
SECTION 3. This Resolution is not intended to modify, amend, or supersede the terms of
the Purchase Agreement. The provisions of this Resolution are independent, and should any part
be found void or unenforceable, the remaining provisions shall continue in force.
SECTION 4. This Resolution shall be effective immediately upon adoption.
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PASSED AND ADOPTED this �r� day o
tASA,CiGL.-31'1,026.
Approved as to form:
Matthew J. Mytych, Esq.
CRA Attorney
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Bruce Recto
CRA Chairpers
At@ est:
Rosemarie Call
City Clerk
EXHIBIT "A"
LEGAL DESCRIPTION
Lot 1, GREENFIELD SUBDIVISION, as recorded in Plat Book 31, Page 28, of the Public Records
of Pinellas County, Florida.
Parcel I.D. Number: 10-29-15-33300-000-0010
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