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022183-Special Session MINUTES City Commission, Sanford, Florida_ Februar~ 21 at ll:00 A. M. _ 1983 The City Commission of City Hall in the City of Sanford, Present: the City of Sanford, Florida, met Florida, on February 21, 1983 at Mayor-Commissioner Lee P. Moore Commissioner Milton E. Smith Commissioner Edward A. Yancey Commissioner David T. Farr Commissioner Edwin O. Keith City Attorney William L. Colbert Acting City Attorney Thomas Whigham City Manager W. E. Knowles City Clerk H. N. Tamm, Jr. in Special Session in the 11:00 o'clock A. M. The meeting was called to order by the Chairman, who announced the purpose of meeting was to discuss property in City of Sanford. the Lake Monroe Industrial Park, the formerly owned by the Commissioner Smith moved to remove discussion of same from table. Seconded by Commissioner Farr and carried. Robert E. Feather, owner of the property, appeared and introduced others with him; Mr. Katz, Attorney, Dennis O'Keith, Architect and Harold Wining, representing John McCoy Health Care Services Company. He reported he has the feasibility study, certificate of need and the backing of the people he needs to proceed with this project. He asked for an extension of time in which to begin construction, and reported he would be willing to pay for that extension. After discussion, 1. 2. Commisisoner Farr moved as follows: to extend the reverters for a period of up to 90 days from February 28, 1983 to release the reverters upon payment, within the above 90 days, in amount of $54,500.00. an agreement be drawn whereby Mr. Feather will pay the City $10,000.00 annually, in addition to any and all taxes, until the date the final Certificate of Occupancy is issued by the City, for completion of at least 240 dwelling units and 60 bed nursing unit of the proposed Life Care Center. Said payment to be initially paid by March 1, 1984 and annually each year thereafter until the final Certificate of Occupancy is issued as stated above. payment/non-payment of the $10,000.00 above to be set forth as a forecloseable item. the project to forever be a taxable entity, and a clause to be included the deed setting forth same. Seconded by Commissioner Smith and carried. There being no further business, the meeting was MAYOR ATTEST: js