Food Lion/Coral Bay Property

Purchase Date

Council approved January 17, 2006 (closing date 3/20/06)

Purchase Price

$4,000,000

Council Members

Mayor Joyce Vinson, Mayor Pro Tem Doug Creech, Jim Bailey, Eddie Dawkins, Tom Doe, Seat #5 vacant

Vote

Councilmember Doe made a motion to approve the Contract to Purchase, seconded by Councilmember Bailey. Motion carried, 4-0.

Total Acreage

7.26 acres

Total Square Footage: 42,850

Food Lion – 32,179 (including 1,507 loading dock)
Eckerd – 8,800
Wicker World – 1,871

Payoff Balance

$2,133,333.33 (as of July 2013)

On-site septic system

3,500 gallons per day (gpd)

Supporting Documents

 

Current Town Hall Facilities

Total Acreage

1.013 (includes Admin/Police/Fire/Public Works)

Square footage

Administrative: 2,685
Police Dept:  2,940
Fire Dept:  8,448 including bays
Public Works:  4896
Boardroom:  1282

On-site septic system

1,100 gpd (600 for Fire Dept. and Public Works, 500 for Town Hall and Fire Dept.)

Marked Parking spaces: 48

Front:
PD Prisoner Unloading – 2
FD Command Vehicles – 2
Public – 6
Side:
Handicap – 1
Public (staff) – 4
Back:
Handicap – 1
Public (staff) – 27
Public Works:
Public (staff) paved marked spaces – 5

Supporting Documents

GIS and Tax Data for Current Town Hall Parcels

 

Sale of Circle Properties

Contract for purchase between FMB, Inc. and the Town of Atlantic Beach, dated November 21, 2003 (Council approved 10/13/2003) lists the purchase price as $1,810,000, with an additional $10,000 for the Option to purchase the property adjacent to the Town’s water tower on NC Hwy 58 for the purposes of a repair area for the sewer treatment facility.  Property was sold without bids to FMB under provisions of GS 160A- 457(4). Property was conveyed and the deed recorded from Town of Atlantic Beach to FMB in October 2005.

  • Underground Property: $265,000
  • West Atlantic/West Dr.: $230,000
  • Pavilion Property: $965,000
  • Maze Location: $350,000
Payments Received
  • 01/15/04 – Cash payment of $36,200 as deposit
  • 11/24/04 – Cash payment of $36,200 as deposit
  • 10/4/05 – Cash payment of $1,488,835.19
  • 10/2005 – Circle Revitalization loan payoff by FMB for AB – $258,764.81
  • Total received for property: $1,820,000
Council Members at August 2005 meeting

Mayor Eddie Dawkins, Mayor Pro Tem Doug Creech, Harry Archer, Tom Doe, Christie Roberson (Jim Bailey absent)

Vote at Oct 2003 meeting

Councilmember Harris moved to adopt the Contract to Sell the Circle Property to FMB and to instruct the Special Counsel and the Mayor or Town Manager to execute the document. Councilman Dawkins seconded the motion.  Councilmember Roberson arrived and was informed of the motion that had just been made. The Mayor called for a vote. The motion carried unanimously, vote 5-0.

Council Members at Oct 2003 meeting

Mayor Joe Stroud, Mayor Pro Tem Doug Creech, Dona Anastasi-Styron, Eddie Dawkins, Doug Harris, Christie Roberson

Vote at August 2005 meeting

Councilmember Creech made a motion to approve the alteration of East and West Drives as indicated on the Grove Development plan map and to schedule the closing on the Town properties as covered in the contract with FMB, Inc. Councilmember Archer seconded the motion.  Council decided to vote in the absence of Councilmember Bailey.  Motion carried by 2-1 vote, Councilmember Doe voted in the negative. Councilmember Roberson was recused from voting.

Supporting Documents

 

Closing of Central Drive

Closing Date

April 18, 2005 (approved by Council)

Number of Parking Spaces Eliminated

55

Council Members

Mayor Eddie Dawkins, Mayor Pro Tem Doug Creech, Harry Archer, Jim Bailey, Tom Doe, Christie Roberson

Vote

Councilmember Creech made the motion to close Central Drive, seconded by Councilmember Bailey.  Councilmember Roberson recused herself due to ongoing marketing affiliations with FMB and The Grove.  Motion carried, 4-0.

Supporting Documents

 

Closure of Inner Perimeter of the Circle – Encroachment Agreement and Abandonment & Relocation Easement

Date of Agreement

September 7, 2005 between the Town of Atlantic Beach and FMB of Atlantic Beach, LLC

Council Members

Mayor Eddie Dawkins, Mayor Pro Tem Doug Creech, Harry Archer, Tom Doe, Christie Roberson (Jim Bailey absent)

Vote

Councilmember Creech made a motion to approve the alteration of East and West Drives as indicated on the Grove Development plan map and to schedule the closing on the Town properties as covered in the contract with FMB, Inc. Councilmember Archer seconded the motion.  Council decided to vote in the absence of Councilmember Bailey.  Motion carried by 2-1 vote, Councilmember Doe voted in the negative. Councilmember Roberson was recused from voting.

Supporting Documents

 

Option to Purchase Property at West End Water Tower

Date of Agreement

October 3, 2005 (entered into pursuant to the terms of the November 21, 2003 Contract for Purchase) between the Town of Atlantic Beach and FMB of Atlantic Beach, LLC

Expiration of Agreement

October 3, 2025

Property Size

Total Tract approximately 53 acres
FMB’s Option is for 7.71 acres

Terms of Agreement

In addition to the five (5) parcels purchased by FMB, the Town granted FMB an option to purchase the property located adjacent to the Town’s municipal water tower on HWY 58 for purposes of a “repair area” for FMB’s sewer treatment facility.  FMB paid the Town $10,000 for this Option.

Council Members when the Option was agreed to:

Mayor Eddie Dawkins, Mayor Pro Tem Doug Creech, Harry Archer, Jim Bailey, Tom Doe, Christie Roberson

Supporting Documents

 

Other Internal Pages