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1 <br />CITY COUNCIL <br />REGULAR MEETING STAFF REPORT <br />AGENDA ITEM 6B <br />STAFF ORIGINATOR: Michael Grochala, Community Development Director <br />MEETING DATE: September 11, 2023 <br />TOPIC: Consider 2nd Reading Ordinance No. 09-23, Approving Sale of Land to <br />JAVA Companies, LLC, Lots 12 & 13, Block 2, Carole Estates 2nd Addition <br />and Part of 7685 Lake Drive <br />VOTE REQUIRED: 3/5 <br />______________________________________________________________________________ <br />INTRODUCTION <br />Staff is requesting City Council consideration to approve the sale of 2.24 acres of property owned <br />by the City at the corner of Lake Drive and 77th Street (Lots 12 & 13, Block 2, Carole Estates 2nd <br />Addition and a remnant of 7685 Lake Drive to JAVA Companies, LLC (Buyer). <br />BACKGROUND <br />Lots 12 and 13 were acquired by the City from the Economic Development Authority (EDA) in 1990, <br />along with Lots 14, 16 & 17, for the construction of what was then known as Centennial Fire Station <br />No. 2. At that time the City already owned Lot 15, Block 2 which was occupied by the original <br />Centennial Fire Station No. 2. Lot 15, Block 2 was sold to the American Legion in 1999 as well as Lot <br />15 in 2017. The City purchased 7685 Lake Drive in 2019 for right-of-way allow for the 77th <br />Street/Marketplace Drive realignment. <br />Lots 12 & 13, Block 2 of Carole’s Estates 2nd Addition are immediately south of the American <br />Legion and currently undeveloped. The property is approximately 2.01 acres in area. The <br />property was being used for community gardens as a temporary use pending its sale and <br />development. Two remnants of 7685 Lake Drive (.23 acres) are not needed for street purposes <br />and available for assembly with the abutting property. <br />The City has been planning for the realignment of 77th Street to connect with the signalized <br />Marketplace Drive intersection to improve mobility for properties west of Lake Drive and create <br />development opportunities for properties north and south of the new road. Land assemble and <br />the provision of right-of-way for the road improvements have continued to be a requirement for <br />the sale of the City property. <br />JAVA Companies, LLC (Buyer), currently constructing a multi-tenant commercial project at 601 <br />Apollo, has expressed interest in developing the City property. Through negotiations with Buyer,