Preserving the Residential Character of Boca Teeca

Thursday, December 14, 2017

City Council Not Briefed on Ocean Breeze

At the 12/11 workshop meeting of the city council it was obvious that the city's assistant manager, George Brown, did not brief anyone on the council, or the city manager on the timeline and process underway at the Park District to acquire the closed Ocean Breeze golf course.  It was a clear case of the left hand not knowing what the right hand was doing as the council members and the city manager appeared to not have an accurate understanding of what was going on, UNTIL Mr. Brown informed them that he had met earlier in the day with Park District executive director Koski.  He informed the city council that the seller has a fiscal year end of 2/28/18 and they wanted to get the sell of the property closed prior to this date.

BUT, at the present time the deadline for the contract between Lennar/Wells Fargo & the Park District is 1/26/18 so it would appear that a 1-month extension is being negotiated by Mr. Koski in order to meet the losers deadline.  Thank you to the majority of the city council for inquiring about this issue (after the public comments by Harold Chaffe, Leader of Keep Golf In Boca) which should be on the next several agendas and not require pulling teeth/info from city staff who are informed on the issue.

Why hasn't the Park District provided an Intralocal Agreement to the city for their approval which takes 2 meetings of the council?

If the city council overwhelmingly approves the Intralocal Agreement by 1/23/18, then will the Park District commissioners consider using the plentiful funds in their bank account, over $45 million, in order to pay the $24 million and then obtain the required funding from the city to fund the purchase?
     *It would appear that the very well financed Park District could ease the timing of the closing by
       simply writing the check to buy the property at the end of January and then work with the city
       on completing the lending agreement.  After all, most of the Park District's expenses are checks
       to the city for the maintenance of the parks owned by the Park District, so this should be an easy
       transition of funds from the City to the Park District whenever they get around to getting a bank
       loan or proceeds from a bond issue.

Next meeting of the Park District is Monday December 18th at 5:15pm at Sugar Sand Park.  This is the last meeting of the year and it could be an interesting discussions not how they will pay for the purchase of the Ocean Breeze property and their cash flow planning.

No comments:

Post a Comment