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City Commission Faces Controversy Over Million Dollar Property Deal

September 12, 2024 | Panama City, Bay County, Florida


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City Commission Faces Controversy Over Million Dollar Property Deal
In a recent city commission meeting, discussions centered around a contentious property purchase that could cost taxpayers $1 million. The commission is currently in a due diligence period regarding the acquisition of a contaminated lot in Saint Andrews, which has raised concerns among members about the necessity and financial implications of the purchase.

Commissioner Smith initiated a motion to cancel the contract, expressing strong opposition to spending taxpayer money on what she deemed an unnecessary and potentially hazardous investment. \"I want to make sure that my name is nowhere near spending a $1,000,000 of our hard-earned taxpayer money to buy a contaminated lot,\" she stated, emphasizing the availability of other properties in the area that do not require mitigation.

Despite her motion, it failed to receive a second, indicating a lack of support among the commissioners. Instead, a motion was made to table the issue for further review, allowing staff to reassess the property's price and condition. The commission has until September 18 to finalize their decision, with the possibility of extending the due diligence period if necessary.

City Manager Hayes clarified that the commission had previously approved the contract with a 4-1 vote, and he has the authority to proceed with the purchase if he chooses. However, he acknowledged the need for further discussion and suggested a special meeting before the deadline to ensure all concerns are addressed.

The commission is considering requesting an extension of the due diligence and closing dates to September 30, allowing more time to evaluate the property and negotiate terms. The outcome of these discussions will determine the future of the proposed purchase and its impact on the city's finances.

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