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City council approves sale of Old City Hall library site to Flanagan Enterprises with $50,000 demolition credit
Summary
City of Homestead council approved a $2.33 million sale of the 2.49-acre Old City Hall/Library parcel to Flanagan Enterprises for a restaurant and retail liquor store; council added a $50,000 buyer credit toward demolition costs and a buy-back option if developer fails to perform.
The City of Homestead on Wednesday approved a commercial contract to sell roughly 2.49 acres of the former Old City Hall/Library site to Flanagan Enterprises Inc. for $2,332,627.
The sale authorizes the city manager to execute closing documents and sets deadlines, escrow deposits and other typical closing conditions. The buyer is required to develop a full-service restaurant and a retail liquor store on the parcel and provide roughly 120 onsite parking spaces, the…
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