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City negotiates purchase of 801 Cypress Gardens Blvd. to realign Eighth Street intersection with DOT support
Summary
City staff presented a purchase-and-sale agreement to acquire a commercial parcel at Eighth Street Southeast and Cypress Gardens Boulevard (appraised at $1.45 million) to improve intersection alignment under a Florida Department of Transportation concept; DOT indicated it would fund intersection improvements if the city acquires the land.
City staff told commissioners they negotiated a purchase-and-sale agreement for property at 801 Cypress Gardens Boulevard to facilitate intersection realignment and corridor improvements supported by the Florida Department of Transportation.
Staff said the parcel (formerly a service station, now occupied by commercial tenants) was appraised at $1,450,000 and is consistent with funds…
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