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Thursday, March 10, 2005
Selling to Save

The Pompano Beach CRA is soliciting proposals for the purchase and preservation of the Bank of Pompano and Bailey Hotel buildings in Pompano Beach's historic downtown:


NOTICE OF INVITATION TO SUBMIT PROPOSALS
AND
DISPOSITION OF PROPERTY
POMPANO BEACH COMMUNITY REDEVELOPMENT AGENCY


Pursuant to Section 163.380, Florida Statutes, the Pompano Beach Community Redevelopment Agency (the "CRA") invites any interested party to submit a proposal for the purchase and redevelopment of the property and improvements know as the former Pompano Bank Building at 61 NE 1st Street, Pompano Beach, Florida and the Bailey Hotel located at 35 NE 1st Street, Pompano Beach, Florida. The property and improvements will be sold as a single unit and is more particularly described as follows:
The East 33 feet of Lot 10, LESS the North 10 feet thereof, of the resubdivision of Lot 15, of the subdivision of Section 35, Township 48 South, Range 42 East, according to the plat thereof, recorded in Plat Book "B", Page 76, of the Public Records of Dade County, Florida; said lands situate, lying, and being in Broward County, Florida; TOGETHER WITH: The West 68 feet of the East 101 feet of Lot 10, LESS the North 10 feet thereof, of the TOWN OF POMPANO, being a resubdivision of Lot 15, of the Subdivision of Section 35, Township 48 South, Range 42 East, according to the plat thereof, recorded in Plat Book "B", Page 76, of the Public Records of Dade County, Florida; said lands situate, lying and being in Broward County, Florida

Folio No. 8235-08-0220
Proposal Requirements:

The Pompano Beach Community Redevelopment Agency (CRA) will receive proposals until 3:00 P.M. on March 21, 2005 for the purchase and redevelopment of the above-mentioned property. The minimum acceptable purchase price is $450,000.

Proposals shall be in compliance with and further the purposes of the Community Redevelopment Plan as well as maintain the historic significance of the site. Pertinent information regarding the subject property and this invitation for proposals may be obtained from C. William Hargett, Jr., City Manager or T. C. Broadnax, Assistant City Manager, each located at 100 W. Atlantic Blvd., Pompano Beach, Florida.

Please forward all proposals to the following address:

C. William Hargett, Jr., City Manager
City of Pompano Beach
P.O. Drawer 1300
Pompano Beach, FL 33061


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