Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Authorizing The Appropriate City Officials To Execute The Attached Purchase And Sale Agreement Among Cosac Homeless Assistance Center, Inc. And Sean A. Cononie (Cosac And Cononie Collectively Referred As The "Seller") And The City Of Hollywood (The "Buyer"). (A 5/7ths vote is required on this item.)
Body
Staff Recommendation: Approval of the attached resolution which authorizes the Purchase and Sale Agreement, including Exhibit H which outlines a Post-Closing Agreement.
Explanation:
With development momentum returning to South Florida, Federal Highway has the opportunity to become a signature commercial corridor strategically located between Aventura and Fort Lauderdale. The recently completed West Lake Commons has brought new and exciting retail uses to the north at Sheridan and is complemented by the construction of the CIRC to the south (where the former Townhouse Apartments once stood) overlooking ArtsPark at Young Circle. The Regional Activity Center (RAC) has been expanded, targeted Police initiatives have shown significant success, new zoning for the corridor is in place, and an attractive streetscape design is underway further positioning the street for exciting private sector investment. In addition, the Public Works Department has hired Maintenance Technicians for the Federal Highway area (streets and alleys) to assist with trash and property appearance. For Federal Highway to reach its full potential, it is imperative the City take the necessary steps to acquire the property currently housing the Cosac Homeless Assistance Center along with other properties in Hollywood owned and operated by Cosac and/or Sean A. Cononie. At the same time, it is equally important the City insures the operations are prohibited from relocating elsewhere in Hollywood. (It should be noted that this is not the first time the City of Hollywood has sought to relocate Cosac from Fede...
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