09-28-04 Special Item D-bA
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•Park Overview
• Park Operations
• Benefits to the Community
• Proposed Purchase
• Concurrency Issues
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• 10 Acre Site -would become
the City's largest park and
recreation facility
• Approximately 6 acres of open
fields - nearly doubles the
City's athletic field space
• Includes covered basketball
courts, tennis court and
swimming pool
• Recently renovated to include
drainage, grading, additional
parking and new turf
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• Once purchased, the City would
enter into alease -back agreement
with -the YMCA
• Negotiate a lease payment from
the YMCA to offset costs
• City's emphasis would be on
control and use of open field space
• YMCA would program buildings
• Some joint use of facilities would
be necessary
Field lighting will increase park
value even further
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•Immediate increase in available
field space for youth and adult
programs
• Relief to overcrowded Palmer Park
• Additional program and rental
revenue of approximately, $30,000
annually
• Economic impact of weekend
tournaments benefits area shops,
restaurants, hotels, etc. Weekend
soccer or softball tournaments can
generate literally hundreds of
thousands of dollars to the local
economy in visitor spending
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• Polk County, Florida hosts close
to 100 sporting events per year
that generate--more-than--
$1 0,000,000 for the local
economy
• A 3 day USSSA softball
tournament generates $153,000
• A 2 day FRPA youth baseball
tournament generates $226,000
• A 3 day AAU soccer
tournament generates $420,000
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• First appraised value $2,175,000, based on
sales of properties with comparable uses. A
second appraisal comparing sale of properties
for residential development placed the value at
$5,65000.
• Purchase price to be negotiated
• Financed completely through the issuance of
bonds, the City's debt service would be
approx. $146,500 per year for 30 years.
• The County G.O. Bond program on the Nov.
ballot identifies $1.3 Million for this purchase
• The developers of the Abraham property will
be required to provide a monetary contribution
in an amount equal to the cost of acquiring 4
acres of recreation open space to meet
concurrency requirements, as outlined in the
City's Comp. Plan.
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$ 2,175,000
(1,300,000 ) GO Bond
$ 875,000
(870,000) 4 acre Codina Group
$ 5,000
$ 29175,000
(870,000 4 acre Codina Group
$ 11305,000
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PARK AND SCHOOL ACREAGE
PARKS
South Miami
9.9
Dante Fascell
7.5
Murray Parks
3.5
Fuchs Parks
5
M. Williamson Park
3.5
Brewer Park
1.5
Jean Willis Park
0.5
S. Martin Com. Center.
0.5
All America Parks
0.5
Subtotal
32.2 acres
SCHOOLS
Ludlam Elementary School
2.5
South Miami Elementary School
4
Fairchild Elementary School
3.2
J R E Lee Comm. School
1.5
Subtotal
11.2 acres
Total
44.5 acres
Proposed Van Smith Park
1 acre
Future Total
45.4 acres
*Current Population 10.891
*Concurrency 4 acres /1,000= 43.6
Rev 09 -24 -04
CITY PARKS
CITY OF SOUTH MIAMI
2004
FACILITY
APPROX. SIZE
South Miami Field
9.9
Dante Fascell
7.5
Fuchs Parks
5.0
Murray Park
3.5
M. Williamson Park
3.5
Brewer Park
1.5
Jean Willis Park
0.5
S. Martin Com. Centr.
0.5
Subtotal
31.9
All- America Park
0.5
TOTAL
32.4
Rev 09 -24 -04