LET’S RECALL TOGETHER, MADAM TOWN MANAGER …
Dear Readers … above are recent photos of the “Off-site” “Dixie” “West” Warehouse… The Town Manager was asked by Mayor Minnet on Feb 9th during her Town Manager report the status of the warehouse sale…This writer has posted often over the last 2 years that this too fell off the radar and was never brought back to the dais by the Manager for the Commission to address and direct her on…It has long been a major bone of contention to me as a taxpayer that this Town Manager does not use her Town Manager Report time to update and address these type of issues….She has consistently done this…She did it with the Commercial Blvd. Pavilion…and she is doing it with the warehouse…
At the Commission meeting on Feb 9th she still did not address it and said an update would be coming..
She sent a memo to the Commission on Feb 11,2010 that said the following…
“Subject: 5421-23 NE 14th Ave. -LBTS Property”
“If you recall at the July 8, 2008 Commission meeting the Commission decided not to pay a Commission to a Realtor to sell the above property.
If the Commission now has a desire to contract with a Realtor and list the property staff will prepare an RFP upon Commission approval.
I have attached a twelve month status report and will update accordingly.
Respectfully submitted.
EC/mi”
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Included was also …
The front page for the July 8, 2008 agenda item 15L
“Discussion and or Action by Commission on use of Agency for Real Estate Marketing and Sale of Town Off-Site Works Facility, 5423 NE 14 Ave. Fort Lauderdale.”
Memorandum from June 27,2008 FRP -Real Estate Marketing Service from John Olinzock to TM Ester Colon
“As requested by the Town Commission, I solicited an RFP to twenty-four (24) real estate agents within the 2008 Lauderdale-By-The Sea Visito’s guide. Below is a summary of the four (4) proposals received:
1. Earthrise Realty, Shirley Rossotti 6% Commission
2. By-The-Sea- Realty, Inc. , John MacMillan 5% Commission
3. Coldwell Banker Commercial NRT, Steven Weil No Commission provided/Marketing Plan Provided
4. Distinctive Realty, Cindi Morgano No Commission Provided/ Requesting Appointment
There are two appraisal that have been prepared for the property, and place market value at $1,850,000.00 and $2,075.000.00. As the Town would not accept less than the minimum appraisal value, 5% and 6% commissions would be $92,500.00 and $111,000.00 respectively.
Please let me know if you need additional information.”
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The minutes from July 8, 2008 state the following on pg. 13
15L.
“Discussion and or Action by Commission on use of Agency for Real Estate Marketing and Sale of Town Off-Site Works Facility, 5423 NE 14 Ave. Fort Lauderdale.”(Assistant Olinzock)
Assistant Olinzock explained the steps he took to obtain letters or response and noted the commission rate requested for each response.
The Commission discussed the length of time for the contract with a preference of the Commission for a 6 month contract.
Vice Mayor McIntee made a motion to accept the lowest figure submitted by Advance Asset Management for a term of six (6) months. Commissioner Silverstone seconded the motion. In a roll call, the motion passed 5-0.”
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A look at the Town video on July 8, 2008 show the following on item 15L. 4 :12:58 in…
The Mayor reads the item…The Town Manager states “That’s the off-site building”…Asst. TM Olonzock repeats the memo from June 27,2008 (above) ..He adds “And I also included in the packet a proposal from Advanced Asset Management which is a company used by many municipalities in the process of selling real estate”Vice Mayor McIntee asks again about only 2 giving figures and says he will make a motion to go with the lowest figure. The Mayor asks if that is Advanced Asset Management. The Town Manager is heard too state “That’s Advanced Management”…Olinzock “Yes, it would be.”…The TM “And that’s a savings of how much from the lowest quote? 5% or something that you received?” Olinzock “The two proposals I received are based on a sales commission. 5% of the lowest price received on appraisals. $1,850,000 that would be $92,500. 6% 11,000.00 This proposal by Advanced Asset Management is for $18,750” Mayor Minnet asked him to repeat who the lowest was and Olinzock said “The lowest is Advanced Asset Management Inc.” The Mayo asks the Vice Mayor if his motion to accept the lowest….The VM “It just seems almost too good. Can a Real estate person go that low on a sales? That’s not even 1%…The Town Manager “Well, because they’re a seller broker and they work for municipalities and this is how they work.”…The VM says “who’s ever the cheapest we have to go with that’s my motion.” TM Colon “They’ve worked with other municipalities. How they do it I’m assuming they work with the seller. I know that our cost is no more than 20 thousand.” …The Mayor “A motion by Vice Mayor McIntee to accept the Advanced Asset Management contract for the sale of 5423 NE 14th Avenue site. Is there a second?”…Comm. Clottey said she had a question “Are we talking, how long we gonna give them an exclusive rights, for how long?”…The Manager “Well, if it’s a savings of 70,000 commission and the other ones that represent the other municipalities obviously you know it’s not a good economy. So you wanna give them x time it’s either x time of 20,000 or x time of 90,000….Comm. Clottey said she was just asking…The Town Manager “Oh no, I don’t know” …Olinzock “You only need one buyer, how long it takes for you to get that buyer is the unknown.”…TM Colon ” But you have to deal with them, whoever. They’re going to market the building and they’re going to do all the work. Nobody will be contacting me. Nobody will be contacting the Town Attorney. Everybody will be contacting the company Asset Management.”… Mayor Minnet then said “Right now in the the proposal it does say that it will list the property in local media, print, website MLS. Will review the terms of lease and purchase agreements and negotiates with the attorney per negotiations with the client’s goals. So they are a company that are familiar with Real estate needs of municipalities.”…The VM said “I guess I have to ask the question, although the cheapest is obviously the one I would go for but how long do they have to do this? We give them a contract, they get 5 years?”…Comm. Clottey could be heard “That’s what I just asked.” TM Colon ” No, well how, what kind of a guarantee are you gonna get from a Realtor that they’re gonna sell the building in?”…The VM “I’m gonna sell the building with a Realtor, 3 months or 6 months, hasn’t done it, go to another Real estate person. Are we locked into this person forever?”…TM “No, No! We just finished askin’ do you want it for 3 months? Do you want it for 6 months? What do you want it for?”…The VM “6 months. My motion is for the lowest with a 6 month contract. Cause Shirley (Russotti) says that’s the best way to go.”…Comm. Dodd “Second.” (The minutes incorrectly have Silverstone as 2nd) …Comm. Clottey then asked “Are they gonna accept a 6 month contract because I’ve had some dealings with Commercial property and they usually want something longer if they invest money to advertise and everything else.”…TM Colon “Um, we’ll ask Commissioner.”.. The Mayor repeated the motion…a roll call was taken and it passed 5-0…
http://lbts.granicus.com/MediaPlayer.php?view_id=2&clip_id=96
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That was on July 8, 2008…a 5-0 vote for a 6 month contract…and it never came back …
Here’s what was missing from the Town Manager and the Assistant Manager at the July 8, 2008 meeting …that reminds this writer of so many other time this Town Manager has not been forthcoming with her full disclosure to the Commission and the residents…
In the video she and Olinzock state Advance Asset Management works for OTHER municipalities…She gives the appearance she does not know them…and Asst. TM Olinzock never says why he “added” Advanced Asset Management to the package of proposal….(unless it was in the backup)…
Town Commission Regular Meeting Minutes April 12, 2005
Page 4-10 “D. SITE ACQUISITION: Proposal for services with Advanced Asset Management, Inc.
Vice Mayor Kennedy made a motion, seconded by Mayor Pro Tem Clark, to approve the Consent Agenda. In a roll call vote, all voted in favor. The motion carried 5-0. ”
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Town Commission Regular Meeting Minutes January 24, 2006
“10. CONSENT AGENDA
B. CONTRACT: with Advanced Asset Management, Inc., for real estate consulting services”
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The Town Manager was employed in 2005 and in 2006 in LBTS and she must have known and worked with Advanced Asset Management … Why, no disclosing a history with the town? …
A recent look at the company…”Incorporated by James J Nardi, Advanced Asset Management, Inc. is located at 5400 S University Dr Ste 301 Davie, FL 33328. Advanced Asset Management, Inc. was incorporated on Tuesday, December 09, 2003 in the State of FL and is currently active. James J Nardi represents Advanced Asset Management, Inc. as their registered agent.
Source: Public Record data – Department of State – Division of Corporations * Co”
No website …No MLS found for the property…or in the history of MLS….per a Realtor …
Both were in the proposal read by Mayor Minnet on July 8, 2008…….
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What were the terms of this 6 month contract?… Did the Town pay Advanced Asset Management any portion of the $18,750…
Finally, The Town Manager has once again practiced her self imposed Town Manager form of government with her purposeful action of not following the Commission’s vote for a 6 month contract made on July 8, 2008 and allowing a $1.8 million dollar building to languish for over a year and a half…with no oversight!…
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“As you recall”…Readers…When you hear that from Town Manager Esther Colon that is means….you better do some checking!…
Just add it to the list of why this March 9, 2010 election is so important…
Do you want a Town Manager who operates under the direction and the vote of the Commission …following the LBTS Town Charter of a Commission-Manager form of government of do you want 4 more years of “As you recall” …. costing us the big $,$$$,$$$,?….
more to come….
Tags: Lauderdale By The Sea Commission meeting July 8 2008-April 12-2005-January 24 2006- February 9 2010, Lauderdale By The Sea Not Selling Property, Lauderdale By The Sea Town Manager Esther Colon, Lauderdale By The Sea Warehouse, LBTS Agendas/Meetings, local government, Local Politics, Scoops
