Make us your home page
Instagram

Today’s top headlines delivered to you daily.

(View our Privacy Policy)

Temple Terrace working on kinks in land deal

TEMPLE TERRACE — Both sides tried to protect their investments Monday as the City Council and representatives of Ram Pinnacle discussed a land purchase agreement for this city's downtown redevelopment project.

Council member Ken Halloway asked that the entire deal be recalled and renegotiated at a sale price higher than the $14.9-million agreed upon.

"We went to the bank and got loaned $17-million to purchase that land," he said. "If we sell all but the 3.2 acres for $14.9-million, we will still owe the bank the difference."

Mayor Joe Affronti pointed out that the council voted 3-2 in favor of the modified sale price on Dec. 18.

Officials also discussed whether Ram Pinnacle ought to be able to get back its $400,000 deposit if any conditions in the contract are not met before the July 1 closing.

"We would have invested somewhere upward of $800,000 in this project by closing," said Bob Skiller, the developer's representative. "If something happens beyond our control that halts the sale, we don't want to lose another $400,000 after that."

The council agreed, but City Attorney Mark A. Connolly said the contract needs to be clarified.

A third draft of the purchase agreement will come before the council for a vote at its regular meeting at City Hall at 7 p.m. on March 4.

Temple Terrace working on kinks in land deal 02/25/08 [Last modified: Tuesday, February 26, 2008 12:43am]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. North Korea says it's 'biggest victim' in U.S. student's death (w/video)

    World

    SEOUL, South Korea — North Korea on Friday called itself the "biggest victim" in the death of an American student who was detained for more than a year and died days after being released in a coma.

    Mourners line the street after the funeral of Otto Warmbier, Thursday, June 22, 2017, in Wyoming, Ohio. Warmbier, a 22-year-old University of Virginia undergraduate student who was sentenced in March 2016 to 15 years in prison with hard labor in North Korea, died this week, days after returning to the United States. [Associated Press]
  2. Kentucky recruit, former Tampa Catholic star Kevin Knox among top prospects for 2018 NBA Draft

    Preps

    Less than 24 hours after the NBA Draft, analysts have already begun looking ahead to 2018.

    Tampa Catholic star Kevin Knox finishes a layup during the McDonald's All-American game in March at the United Center in Chicago. [LOREN ELLIOTT | Times]
  3. Editorial: Pinellas cannot ignore homeless families

    Editorials

    They are living on our streets and in our parking lots, in cheap motels and spare bedrooms if they're lucky and in old cars if they are not. Their kids attend our schools, and parents often are afraid to seek help. Pinellas County has made progress in recent years in providing temporary shelter for the homeless, but …

    
Ariana Turner, 22, and her daughter, Namine Cowell, 2, are living at St. Petersburg Free Clinic Family Residence after falling on hard times. Pinellas County has made progress in recent years in providing temporary shelter for the homeless, but homeless families with kids are virtually shut out. It's a crisis that requires public and private leadership to find an answer that is both compassionate and cost-effective.
  4. Report: USF faculty complained of a hostile, sexist, boorish boss

    College

    TAMPA — A certain University of South Florida academic may be an unpopular and insensitive bully, but he did not break USF rules, a lengthy legal review has concluded.

    Herb Maschner was removed last fall as the head of a technology center at the University of South Florida after the school learned his previous employer found he engaged in inappropriate, on-campus sexual behavior. A new report looks at Maschner's tenure at USF. [Idaho State University]
  5. Oh, deer! Two bucks seen on video duking it out in Tennessee

    Wildlife

    Deer generally are seen as calm and serene creatures, but that was not the case in this video posted Wednesday on the Tennessee Wildlife Resource Agency's Facebook page.

    A video, shot by Tennessee Wildlife Resource Agency wildlife officers Amy and Bubba Spencer on one of their trail cameras, shows two bucks on their hind legs and flailing in an open field. [Facebook]