Items Types:
New Business
For Meeting of:
November 14, 2016
District: 4 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No

Acquisition of Pulse Nightclub at 1912 S. Orange Avenue


Pulse Nightclub, 1912 S. Orange Ave., is now a permanent part of Orlando’s history.  The City is interested in acquiring this property as part of the process of developing a permanent recognition that honors the victims of June 12, 2016. 

Pulse is located in a commercial area known as SODO (south of downtown Orlando).  The approximately 4,500 square foot commercial building is situated on an approximate .35 acre site, located at the northwest corner of S. Orange Avenue and W. Esther Street; just south of Kaley Street.  

The City had the property independently appraised, as it existed prior to June 12, 2016.   The property has been appraised and valued for $1,680,000.  The City and the owners, 71495 RBP, LLC and 1299 SIA, LLC, as tenants in common, have agreed to a purchase price of $2,250,000.   

Fiscal & Efficiency Data: See attached FIS.

Recommended Action:
Approval of attached Commercial Contract in substantially the form attached, authorization for the City's Real Estate Manager to execute and extend the contract if necessary, and execute all closing documents; all subject to the review and approval by the City Attorney's Office. 

Agenda Item attachment(s) on file in the City Clerks Office.

Note: All agenda items must be in the City Clerk's office by Noon Friday, six(6) business days prior to the regular Monday City Council meeting.

Contact: Laurie Botts, Wes Powell
Approved By:

Department Date and Time
Budget Outside Routing Approval 11/4/2016 4:06 PM
City Clerk 11/4/2016 4:07 PM

Name: Description: Type:
Seller_Executed_Contract_11-04-2016.pdf Seller Executed Contract Backup Material
Fiscal_Impact_Statement_-_Pulse_Nightclub.doc Fiscal Impact Statement Backup Material

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