City Center deal misses another deadline

first_img Peeling the onion back will make you cry……….when you get to the middle of the onion. Reply Tenita Reid May 6, 2016 at 11:57 pm This deal because of the details(I. E. Onion layers) is probably going to take longer than another 30 days. And if it does not go through, and Taurus walks, then it will not get developed any time soon because remember Taurus was the lone bidder. Investors are not going to want this deal if there are no guarantees on certain issues….. Traffic flow, existed building on the property, infrastructure that is currently not in place for this type of development, and potential impact fees…… The City is almost going to have to give this property away in order for it to be developed into any kind of lucrative real estate venture for Taurus. I don’t think you should either,” said Irby.“Okay, so there’s an ultimate idea,” said Kilsheimer.The Mayor went on to explain the complexity of the deal with Taurus makes it difficult to predict the time frame or the certainty it will close.“In all fairness to Taurus and the the City Staff, we think there is a reasonable prospect that we can pull this deal off, but as we have peeled back the onion and started to discuss some of these hairier issues it turns out that it requires a depth of discussion that no one originally envisioned.”“How confident are we that we’re at the middle of the onion?” Becker asked. “How confident are we that the known issues are known?”“We can let you know after we see the latest draft,” said Kilsheimer. “That’s the truth. I don’t have a better answer than that.”Commissioner Doug Bankson then asked when the next workshop would be.“If I can get the staff to say ‘this is a good deal’ and the staff can say ‘we will recommend this to the Council and to the public’ then we’ll schedule a workshop,” said Kilsheimer. “The staff is very protective over City assets. And the staff wants to make sure this is going to be successful. At the same time the developer wants as much flexibility as possible. They want to agree to as little as possible so they can go back to their investors and say ‘hey we got a great deal in Apopka, let’s begin.’ It’s a natural tension and these negotiations are hard. And I’ll go back to what I said from the beginning. If this were an easy deal it would have been done already. It is not an easy deal.”“But I want us to be able to say to the citizens, we got a good deal,” Bankson added.“Well sure,” said Kilsheimer. “And believe me, everyone is watching this deal. And negotiating in a very public way doesn’t lend itself necessarily to success. But it’s the nature of the beast, and we’re in this situation because we’re in this situation.” May 8, 2016 at 9:54 pm Mama Mia “In all fairness to Taurus and the the City Staff, we think there is a reasonable prospect that we can pull this deal off, but as we have peeled back the onion and started to discuss some of these hairier issues it turns out that it requires a depth of discussion that no one originally envisioned.”-Mayor Joe Kilsheimer You have entered an incorrect email address! Please enter your email address here May 6, 2016 at 9:17 pm The Anatomy of Fear Mama Mia May 6, 2016 at 11:04 pm LEAVE A REPLY Cancel reply May 6, 2016 at 11:44 pm Potential impact fees? Correction: impact fees! Better be, as everybody else pays them. The city might end up giving them back in some fashion, but they impose them, and collect them at least, before giving them back to the developers, if the developers sweet talk them enough and promise the moon. I enjoy your postings Mallory, don’t get mad at me. I don’t want Malware, or Malloryware mad at me!!!! LOL! Only kidding Mallory. Tenita Reid Mama Mia The city has put themselves,ourselves in a very tough spot with this… not much wiggle room 9 COMMENTS Please enter your name here May 8, 2016 at 8:52 pm No! No giving the property away if the deal does not go through with Taurus…, no, no!!!! Give them ONE MORE CHANCE that is, one more extension, if they claim they need it, and then give them the boot! Then continue operating the restaurant as usual, and put the bid out nationally, if not internationally. There are plenty of investors around if you go internationally, who would give it a try, I believe. Those types of investors are smart, but are not afraid to take a risk. Maybe the city can find some other group who has a different idea of what to put there. A hotel, a surgical center, no shopping outlets, that what Apopka’s citizens really want? It is not what I thought was going in when I first heard about the town center. Taurus is getting a steal, and a long time to pay it off, and if they can’t get it together, then give them the boot, and bid it out other than locally, as last time. I have driven by there lately and thought wow, it is so pretty now, and looks the best I have ever seen the area. Let it be, if all other fails, and we will be better off without the expense and all the needed infrastructure costs. Put the boardwalk and fountains, and Sixth Street improvements that I thought were already approved of! Reply TAGSApopka City CouncilCity CenterTaurus Investments Previous articleApopka High Grad KJ Dillon signs with TexansNext articleHappy Mother’s Day – A Short History Denise Connell RELATED ARTICLESMORE FROM AUTHORcenter_img May 6, 2016 at 11:21 pm Reply Reply Reply Here is a thought. I may be the only one who will love it, so brace yourself. If I could do something with the site down there, I would ship in wild mustangs from out west headed for slaughter at the meat processing plants in Mexico or Canada, and send a small herd of them and place down there on the property, and keep the restaurant open, have the boardwalk and fountains going and use the horse manure for the community gardens. No crazier than the stuff proposed by Taurus. And take donations from visitors to pay for the hay needed. Taurus will make the money, not the city anyway. Show some Wekiva Mustang Pride!!! Change the ordinance to allow for the mustangs down there on that property for a rescue operation and create a non-profit. Share on Facebook Tweet on Twitter May 7, 2016 at 8:32 am les hebert Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 May 7, 2016 at 12:22 am That horse stuff is off the charts crazy. I think we should plant an onion field down there, and sell onion soup, at the Highland Manor. Oh, it’s not soup yet, I forgot. Reply Reply Tenita Reid The City Commission voted 5-0 to give Taurus Southern Investments another 30-day extension to negotiate a developer’s agreement. This extends the due date until June 2nd. And while the vote was unanimous it was not without hard questions and several revelations about the likelihood this deal will close.After a brief explanation and recommendation by City Administrator Glenn Irby that Council approve the extension, Mayor Joe Kilsheimer asked for a motion, but City Commissioner Diane Velazquez asked Irby why they needed so many extensions.“John Keating is their (Taurus’) attorney and I’ve known John from another life,” said Irby. “He told Taurus that he knew 60 days was not enough time to negotiate, and we’re not sure this additional 30 days is going to do it either. Taurus wants to believe it will. So you may be asked again for another extension. Hopefully not.”Commissioner Kyle Becker then grilled Irby on the merits of continuous extensions.“What’s the reality that they’re going to have something in play in 30 days? Can we condition this thing to say you get it to us in 30 days or this thing isn’t going to happen? Why are we going to continue doing extensions? What’s the purpose of it?”“To allow more time to negotiate,” Irby said.“Well let’s get a realistic time frame,” said Becker. “I don’t want to belabor the point, but it makes no sense to me to keep on allowing them to miss a deadline.”“I don’t think the deadlines are something we’ve missed,” said Kilsheimer. “What we have run into is the level of detail. For example the size of Martin’s Pond and the size of how much land can be developed around Martin’s Pond. If you look at the high-water mark for Martin’s Pond, it eliminates four acres. So four acres that everyone thought would be developed is no longer developable. That changes the whole scheme of things because four acres has now been taken out and so that changes the economic calculations. But the ultimate idea is…and I probably shouldn’t say…” I only hope and pray that this deal with Taurus does fail! I agree with Tenita that this intersection of 2 major roads looks absolutely beautiful as an entry to Apopka. Just buy 2 big huge lighted fountains and put them in the pond and it will be one of the most impressive entrances into any city around. Build a boardwalk or something around it or something like that and with the Highland Manor sitting there, it would be an absolutely gorgeous photo op for anything in this city.Then take the entire City Center idea and put it where it belongs over at Edwards Field and Kit-Land Park area where you already have festivals, fairs, truck food outings, judging for the Christmas Parade, Art & Foliage Festival and so on. How much more of a natural place to expand all that into a City Center that already has the Fran Carlton Center there also. We have a 5 lane local road that leads you there without trying to reconfigure 2 major highways and a million dollar bridge for a safe path over 441 if you want to expand to the south side of 441 or put more parking over there where our beautiful City Hall sits and a very unique restaurant (The Cat Fish Place) at the base of the bridge. Procure some of the property on the south side of Kit-Land Park all the way over to the cemetery and develop that area further with other restaurants or whatever. Keep McDonalds and Wendy’s on 441 so you can take the kids for a Happy Meal when they get antsy at some function at the City Center. This property could be procured for a whole lot less than out on 441 or 436. Take our lumps with the Highland Manor property and make it a beautiful city entry and move on and develop something that is a lot more practical and useful for our citizens. If you want to a build a hotel there on 441, you have the property right there to the west of Highland Manor to do that if that is a necessary for the area. Please enter your comment! Michael Heaton Reply Reply Support conservation and fish with NEW Florida specialty license plate Mallory walters Anyone who thinks that maybe a foreign investor would not pay sizable millions need only look to another billionaire, though not a foreign one. That is Rick Scott. Did he not pay about $ 70 million out of his own pocket to run for Florida governor? That is what I heard. I also heard he does not take his salary. There must be something in the water in Florida for sure, to make a deal like that, just saying………..he could of spent part of that on the property down there, and still had money, or his daughters’ more of an inheritance. Look what some pay for an old coin, or a potato chip in the image of whatever…….someone will make a better offer, if they know about it! Save my name, email, and website in this browser for the next time I comment.last_img read more

Suffolk Negotiator Awards winner branches out

first_imgAfter their recent success winning ‘New Agency of the Year’ at The Negotiator Awards, Best Estates has opened their third office in Sudbury.The building has recently undergone a comprehensive restoration, resulting in another beautiful office showcasing Best Estates properties.The full restoration has taken eight months and includes three floors of office space, including meeting and team social rooms.The building is steeped in history and was, for many years, run by Seppings the butchers. Best Estates have also put on display the Seppings butcher facia signs in the meeting room  as they were so beautiful they had to remain on display.Director Alex Tarry says, “The concept at the heart of the renovation, was the Best Estates welcome. All our visitors will be offered a coffee or soft drink, and an opportunity to talk with our enthusiastic team about their property needs. At Best Estates, gone are the days of sitting across a desk from each other, we are all about round tables and open discussions’.The team will be managed by Tristan Desmarais who has over 15 years experience as a London estate agent. He will be supported by April Macaskill, born and raised in Sudbury who has fantastic knowledge of the local area. Director Matthew Piercy said, “A key focus for all our offices was getting the right team that understood our vision and values for the business. We are delighted to have both Tristan and April on board and cannot wait to get started.”Negotiator Awards winner Best Estates Best Estates Sudbury Best Estates Sudbury branch February 20, 2017The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Agencies & People » Suffolk Negotiator Awards winner branches out previous nextAgencies & PeopleSuffolk Negotiator Awards winner branches outNew office is part of Sudbury company’s expansion plansThe Negotiator20th February 20170752 Viewslast_img read more