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2/6/2012 – Executive Session <br />PAK Building Offer <br />Page 3 of 4 <br /> <br /> <br />Redevelopment Area <br /> <br />The “PAK” building is part of an area that has been slated by the City for redevelopment <br />since at least 2002 with the completion of the latest County Road 10 Redevelopment and <br />Revitalization Plan. As shown on the below image, the redevelopment area includes four <br />parcels (2832 County Rd 10, 2840 County Rd 10 and 7861 Groveland Rd). The 2840 <br />County Rd 10 parcel is not for sale at this time. <br /> <br /> <br /> <br /> <br /> <br /> <br />Four Parcel Redevelopment Site − 2.04 Total Acres <br />.34 Acre <br />.7 Acre <br />.41 Acre <br />.59 Acre <br />7861 Groveland Rd <br />Vacant City-Owned Lot <br />$67,200 <br />2012 Est’d Market Value <br />2840 County Rd 10 <br />Tenant Occupied Building <br />Royal Supply & ABC Liquor <br />$337,300 <br />2012 Est’d Market Value <br />2832 County Rd 10 <br />1.04 Acres <br />Vacant “PAK” Building <br />$546,000 <br />2012 Est’d Market Value <br />$316,800 <br />Asking Price