Item M02BOARD OF COUNTY COMMISSIONERS
AGENDA ITEM SUMMARY
Meeting Date: February
18,
2009
Division: County Administrator
Bulk Item: Yes
No
X
Staff Contact Person: Roman Gastesi 292-4441
AGENDA ITEM WORDING: Discussion and direction from the BOCC regarding the
Hickory House property.
ITEM BACKGROUND: The County purchased the property located at 5948 Peninsula
Avenue, Stock Island, Key West, Florida in August 2006 for the sum of $3,750,000.00.
Subsequently the BOCC put the property up for bid and accepted a bid from King's
Pointe Marina LLC (KPM). On August 27, 2008, after a due diligence period, KPM
cancelled their contract with the County to purchase the Hickory House Property.
PREVIOUS RELEVANT BOCC ACTION: See above.
CONTRACT/AGREEMENT CHANGES: N/A
STAFF RECOMMENDATIONS:
Staff seeks direction from the BOCC for possible RFP for rental of the property, possible
RFP for sale with proposal for sale price, or recommendation to continue to hold the
property until the financial environment improves
TOTAL COST: N/A BUDGETED: Yes No
COST TO COUNTY: SOURCE OF FUNDS:
REVENUE PRODUCING: Yes _ No _ AMOUNT PER MONTH Year
APPROVED BY: County Atty OMB/Purchasing Risk Management
DOCUMENTATION: Included Not Required
DISPOSITION: AGENDA ITEM #
Revised