Broward County Commission Regular Meeting


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AI-28319 59.       
Meeting Date: 01/29/2019  
Director's Name: Thomas Hutka
Department: Public Works Division: Real Property

Information
Requested Action
MOTION TO DISCUSS staff’s analysis of the property located at 2050 Spectrum Boulevard in Fort Lauderdale for potential use by the Broward County Property Appraiser’s Office and the Broward County Supervisor of Elections' Office. (Commission District 9)

(Items 59 & 60 were discussed together.)

ACTION:  (T-4:37 PM)  Following discussion, the Board authorized the County Administrator to enter into the Draft Purchase and Sale Agreement from $19.9 million to $19.5 million for the Spectrum property, as well as authorized the County Attorney to modify the inspection period and terms of the Agreement.  (Refer to minutes for full discussion.)  (See Yellow-Sheeted Additional Material, dated January 29, 2019, submitted at the request of the Public Works Department.)

VOTE: 9-0.  Dr. Sharief voted in the affirmative telephonically.

 
Why Action is Necessary
The Board of County Commissioners directed staff to work with Spectrum Investors LLC to negotiate the potential acquisition of 2050 Spectrum Boulevard in Fort Lauderdale.
What Action Accomplishes
Provides an analysis of the proposals submitted by the owner of the Spectrum site.
Is this Action Goal Related
Previous Action Taken
The Board of County Commissioners deferred this item from their December 4, 2018 meeting (Item No.55) and directed staff to work with Spectrum Investors LLC to negotiate the potential acquisition of 2050 Spectrum Boulevard in Fort Lauderdale.
Summary Explanation/Background
The Spectrum building is located at 2050 Spectrum Boulevard in Fort Lauderdale and identified by Folio Numbers 4942-16-15-0100 and 4942-16-15-0091. It measures approximately 8.56 acres and includes a two-story North Building measuring 64,329 square feet, a four-story South Building measuring 39,306 square feet, a data center measuring 6,255 square feet and 578 parking spaces. The property is located within zoning AIP (Airport Industrial Park District) which permits administrative office use. The property is situated in central Broward County and can be accessed via Commercial Boulevard from I-95 to the east and the Florida Turnpike to the west.

At its December 4, 2018 meeting (Item No. 53), the Board of County Commissioners directed staff to work with Spectrum Investors LLC (Spectrum) to negotiate a potential acquisition. At a meeting on December 12, 2018 between County staff and representatives from Spectrum, Spectrum submitted an "outline to support a Public-Private Partnership (P3)" which included four options on how to develop the property for use by the Broward County Property Appraiser/Value Adjustment Board and Supervisor Of Elections.

An outline of items that must be included in an unsolicited proposal as prepared by the Office of the County Attorney is attached as Exhibit 1. The Office of the County Attorney has opined that the Spectrum submittal meets these requirements.  Construction Management Division staff is in the process of evaluating the various facility options proposed by Spectrum, and will submit additional information to the Board of County Commissioners pending final analysis based on additional information forthcoming from Spectrum.
Source of Additional Information
Purvi A. Bhogaita, Director, Real Property Section, (954) 357-7333
Thomas J. Hutka, P.E., Director, Public Works Department, (954) 357-6410

Fiscal Impact
Fiscal Impact/Cost Summary:
Spectrum has proposed a purchase price of $19,900,000. An additional $500,000 is expected to cover any contingencies that may arise during the due diligence period. The cost of developing and constructing needed facilities is unknown at this time.
Attachments
Exhibit 1 - Unsolicited Bid Requirements
Exhibit 2 - Spectrum BCPA Data Sheets
Exhibit 3 - Spectrum Aerial Location Map
Additional Material - Information
Additional Material - Information


    

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