REDINGTON BEACH – Convinced that opportunities to acquire a parcel of vacant land pop up rarely, if at all, the Redington Beach Commission voted unanimously at its Oct. 15 meeting to offer $300,000 for a two-lot property, located immediately south of Town Park at 164th Avenue and Gulf Boulevard.
The commission agreed it was time to talk turkey and make a “serious” offer – one that is considerably higher than the town’s initial bid of $214,648 back in July, an amount that was based on the fair market value listed with the County Appraiser’s Office.
Redington Shores countered with a $350,000 offer much to the commission’s disappointment.
With the two towns being so far apart on the price, it was agreed, this past summer, to jointly hire an independent appraisal firm to assess the property’s worth and settle the matter once and for all.
The property is zoned for office/retail use under the town’s comprehensive plan, but Mayor Nick Simons has insisted the town will purchase it for use as added green space and has no plans to develop it as anything other an open area to the public.
It appears, however, the town of Redington Shores is in no rush to sell the 12,000-square-foot parcel that is now valued at $330,000, according to a recent appraisal by the firm of Valbridge Property Advisors/Entreken Associates.
When the results of the appraisal came back and the findings discussed at the Oct. 1 commission meeting, it was agreed that Simons would draft a letter to the Redington Shores Commission, indicating the town still wished to pursue the sale with the request for the right of first refusal should the parcel be put up for sale.
The request for first refusal was rejected by the Redington Shores Commissioners who were of the mind that if Redington Beach wants to buy the property, it can make an offer, preferably one that comes closer to the market value but with no guarantee that if some other bid were received, Redington Beach would then be given first dibs.
“As I understand it, they don’t want to list it commercially. They want to put a For Sale by Owner sign on the lot, and their goal is to get $330,000,” said Simons.
Commissioner Fred Steiermann said he viewed a posted video of the recent Redington Shores meeting at which the commissioners responded to Simons’ latest attempt to keep the negotiations afloat.
“These guys were not excited,” Steiermann said. “One of the commissioners did say, ‘I’d like to be a good neighbor,’ but besides that, there was no good neighbor policy going on.”
Steiermann put forth the suggestion that the Redington Beach commissioners ought to be present when the Redington Shores commission meets to discuss this latest $300,000 bid.
“If we’re sitting in the audience, it would definitely make it more important for them,” said Steiermann.
Simons concurred and agreed to mention the fact when he drafts a letter with the town’s latest bid for the property.
“I’m not excited about an offer, counter-offer deal, but that’s the price of doing business,” said Simons.