Make us your home page

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

  1. Southern heritage groups sue to keep Confederate monument at old Tampa courthouse

    Local Government

    TAMPA — Groups that say they support Southern heritage filed a lawsuit late Friday trying to halt the removal of a Confederate statue from downtown Tampa.

    Workers place boards around a Confederate monument on Hillsborough County property in Tampa on Thursday, August 17, 2017. It took 24 hours to raise private funds in order to move the statue from its current location.
  2. Bucs mull options at right tackle as Dotson awaits MRI


    Right tackle Demar Dotson, the Bucs' most experienced offensive lineman, will undergo an MRI on his injured groin Saturday, three weeks before the season opener.

    Tampa Bay Buccaneer Demar Dotson, offensive tackle, brought his coffee and breakfast to One Buc Place, 7/31/15, as he reported to training camp.
  3. For starters: Rays vs. Mariners, with another new look


    Having lost 11 of their last 14 games and dropping to a season-worst four games under .500 at 60-64, the Rays continue to search for ways to get out of their extended offensive slump.

    And with the M's starting LHP Ariel Miranda today, that means another new look to the lineup, which includes having struggling …

  4. Chasing 125: Bucs hope to hit rushing goal more often


    Ever so often, Bucs coach Dirk Koetter pulls back the curtain a bit and shares some of the stats that matter to him most as a coach.

    Tampa Bay Buccaneers head coach Dirk Koetter walks the field during the second day of mandatory minicamp at One Buccaneer Place in Tampa, Fla., on Wednesday, June 14, 2017.
  5. Two Boca Ciega students arrested on charges they brought gun to high school football game


    PINELLAS PARK — Two Boca Ciega High School students were arrested for having a loaded semi-automatic handgun with them at a Friday night football game at Pinellas Park High School.

    Two Boca Ciega High School students were arrested for bringing a weapon on school property on Friday night at a high school football game at Pinellas Park High School.