Broward County Commission Regular Meeting

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AI-29192

66.

Meeting Date:	06/11/2019
Director's Name:	Thomas Hutka
Department:	Public Works	Division:	Real Property

Information

Requested Action

A. MOTION TO DISCUSS staff’s analysis of property located at 2050 Spectrum Boulevard in Fort Lauderdale for potential use by the Supervisor of Elections Office; and provide any required direction to County staff consistent with the agenda item's summary. (Commission District 9)

(Per the Tuesday Morning Memorandum, the Board's consideration of this item is based on the revised Motion Statement. and the second amendment submitted as Additional Material.)

(Transferred to the Consent Agenda.)

ACTION: (T-10:51 AM) Approved as amended with Yellow-Sheeted Additional Material, dated June 11, 2019, submitted at the request of the Public Works Department.)

VOTE: 9-0. Vice-Mayor Holness voted in the affirmative telephonically.

B. MOTION TO TERMINATE Purchase and Sale Agreement between Spectrum Investors, LLC and Broward County for property located at 2050 Spectrum Boulevard in Fort Lauderdale. (Commission District 9)

(Per the Tuesday Morning Memorandum, the Board's consideration of this item is based on the revised Motion Statement. and the second amendment submitted as Additional Material.)

(Transferred to the Consent Agenda.)

ACTION: (T-10:51 AM) Approved as amended with Yellow-Sheeted Additional Material, dated June 11, 2019, submitted at the request of the Public Works Department.)

VOTE: 9-0. Vice-Mayor Holness voted in the affirmative telephonically.

Why Action is Necessary

A. Discusses staff’s analysis of the Spectrum Property.

B. Board of County Commissioners’ approval is required to terminate the Purchase and Sale Agreement.

What Action Accomplishes

A. Provides staff with direction on the Spectrum Property.

B. Terminates the Purchase and Sale Agreement with Spectrum Investors, LLC.

Is this Action Goal Related

Previous Action Taken

None.

Summary Explanation/Background

On January 29, 2019 (Item No. 59), the Board of County Commissioners authorized the County Administrator to execute a Purchase and Sale Agreement (PSA) for property located at 2050 Spectrum Boulevard in Fort Lauderdale (Spectrum Property) at a purchase price of $19,500,000. The PSA was signed on March 7, 2019. On May 7, 2019 (Item No. 69), the PSA was amended to extend time periods related to title objections, inspection period and the inspection termination date.

As part of the due diligence and inspection of the property, staff reviewed the survey and title. The survey shows there is an 80-foot canal easement in favor of Broward County which is currently being used for drainage purposes and benefits other properties outside of the Spectrum Property. The parties are negotiating the appropriate cure to the County’s title objection regarding this canal easement.

Staff also obtained a feasibility study from Walters-Zackria Architects (WZA) to provide recommendations as to the viability of placing the Supervisor of Elections Office on the Spectrum Property. The report highlights several restrictions with the Spectrum Property:

The Spectrum Property will not support all the SOE operations; a secondary site would be required during election periods to store trucks.
While the property is approximately 9 acres in size, once all of the setback requirements and easements are taken into consideration, the buildable site area is reduced to 5.75 acres.
Development of the Spectrum Property may require variances from the City of Fort Lauderdale.
Cost to purchase and develop the Spectrum Property is significantly higher than a similar site with no existing development. The report provided three site plan concepts and the opinion of cost for all three scenarios. Based on the consultant’s estimates, it would cost the County $21,600,000 to obtain the property, demolish all buildings, and relocate/vacate utilities and easements including fees and other contingencies. This does not include the cost of construction of a new office and warehouse facility or parking garage (if needed).

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:

The purchase price of the Spectrum Property is $19,500,000. An additional $500,000 is expected to cover any contingencies that may arise during the due diligence period. Following the completion of the purchase, all unused funds will return to reserves in the General Capital Fund.

Attachments
Exhibit 1 - Cost Summary
Exhibit 2 - Spectrum BCPA Data Sheets
Exhibit 3 - Spectrum Aerial Location Map
Additional Material - Information