The 2014 amendment to the Downtown Orlando Community Redevelopment Area Plan (“Redevelopment Plan”) highlights the addition of a Major League Soccer Stadium to the Downtown Orlando Community Redevelopment Area (“Area”).  The Site for the Stadium (“Site”) has been determined, and the City is the predominant landowner of the Site, with the CRA owning a portion of the Site (“CRA Parcel”).   In accordance with this Agreement, the CRA will convey the approximately 1.47 acre CRA Parcel to the City to be sold with the City owned parcels to Orlando Soccer Stadium, LLC (“OSS”) for construction of the Soccer Stadium.  Upon sale of the Site to OSS, the City will provide the CRA with $2,022,302.50 for the CRA Parcel.

Notice of disposition of the property in accordance with section 163.380, Florida Statutes, was published in the Orlando Sentinel on August 7, 2015.

On January 20, 2016 the CRA Advisory Board recommended the CRA approve the attached Agreement between the City and the CRA, subject to the review and approval of the City Attorney’s Office, and authorization for the Chairman and Executive Director to execute the Agreement.

Approval of the attached Agreement between the City and the CRA, subject to the review and approval of the City Attorney’s Office, and authorization for the Chairman and Executive Director to execute the Agreement.