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Agenda Item 10CAGENDA ITEM # 1 OC AUGUST 27, 2012 CITY OF ATLANTIC BEACH CITY COMMISSIONER MEETING STAFF REPORT AGENDA ITEM: Selva Marina SUBMITTED BY: Carolyn Woods, City Commissioner DATE: August 27, 2012 BACKGROUND: Selva Marina Country Club has been a rich cultural addition to the City of Atlantic Beach since its creation in 1955 with the donation of 160 acres by the Bull Family. The golf course, designed by the renowned E.E. Smith, hosted The Greater Jacksonville Open, the precursor to the Players Tournament, here in March of 1965. Thus began a rich tradition of Selva Marina Country Club being an integral part of our Atlantic Beach Community. Selva Marina Country Club came to the Commission in August 2007 with a proposal to develop a portion of its property into a well thought out Planned Unit Development, PUD Ordinance No. 90 -07 -202, with 114 homes that won unanimous support from the Commission. A PUD amendment, to include the project known as The Selva Preserve, won unanimous approval in August 2009. It was felt at the time that this project would be an enhancement to our community, help to "save" Selva Marina Country Club so it would not be sold and completely developed with the Jacksonville codes as the guide, and minimize any negative developmental impact on Selva Marina Drive in particular and the City of Atlantic Beach in general. Fast forward to the present and the Selva PUD has not been realized, their loan is coming due and there is the opportunity to purchase the loan. Someone will purchase the loan. It could be a developer with far bigger plans, as has been presented to the City Manager. On the other hand, it could be purchased by Atlantic Beach and create a public - private partnership that allows the community to maintain a wonderful historic complement to our City's park system and maintain control of development on our borders. It is in the best interest of the City to look into the possibilities of a public - private partnership with Selva Marina with an open mind and an eye on what the future will hold if a developer controls these pristine 133 acres using Jacksonville codes to develop this property with frontage on Selva Marina Drive. AGENDA ITEM # l OC AUGUST 27, 2012 There are funds available for this venture and there are successful projects in other communities that we can emulate to ensure the best possible outcome for our community. Please welcome interested parties who have come tonight to inform and educate the Commission and public about the situation and detail our options. BUDGET: Budget impact is unknown at this time. RECOMMENDATION: Explore the possibility of entering into a public - private partnership with Selva Marina Country Club that protects the City's investment, community character and enhances our valuable historic resource.