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Tequesta council discusses March bond referendum, lease option and next steps for 1 Main Street (Paradise Park)
Summary
Village attorney Keith briefed the council on the timetable and legal steps for placing a general obligation bond referendum on the March 10, 2026 ballot to buy 1 Main Street (Paradise Park); council instructed staff to return at a September workshop with more specific ballot language, appraisal estimates and a lease draft.
Village attorney Keith explained the sequence and deadlines for placing a general obligation bond on the March 10, 2026, ballot: the council must retain bond counsel, adopt a resolution establishing the bond issue and deliver referendum materials to the supervisor of elections in early December to meet publishing and ballot deadlines. He described the subsequent bond‑validation hearing in circuit court if voters approve the measure and estimated a likely closing around October 2026 under a smooth schedule.
Staff presented background on the property identified as 1 Main Street (Paradise Park). The current owner, represented in the meeting by Ryan Frankel, offered the village the opportunity to purchase the property; the staff report noted a sale price in backup material and that a bond figure of…
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