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VOL 16 No. 27
May 4, 2016
City Pier Park refinancing proposed Refinancing the loan on the former six lots property would save the city nearly half a million dollars. BY JOE HENDRICKS SUN CORRESPONDENT | jhendricks@amisun.com
joe hendricks | sun
Joern and Kathrin Stock are seeking $305,000 in compensation or an occupancy limit of 14 persons for their property at 205 Palm Ave.
City hit with 25 Bert Harris claims Negotiations could result in higher occupancy limits rather than financial compensation. BY JOE HENDRICKS SUN CORRESPONDENT | jhendricks@amisun.com
ANNA MARIA – Last week, the city of Anna Maria was presented with 25 Bert Harris claims seeking more than $7.5 million in compensation to account for lost revenues
INSIDE NEWS OPINION Sun survey TURTLES OUTDOORS CROSSWORD REAL ESTATE SPORTS
4 6 7 22 26-27 31 34-41 42
created by vacation rental occupancy limits. Florida Statutes allow Bert Harris claims to be filed by property owners who feel a government action has placed inordinate burdens on the use and value of a property. The Bert Harris Act entitles property owners to relief that may include compensation for the actual loss to a property’s fair market value. On Wednesday, April 27, attorney Scott Rudacille presented the city with eight Bert Harris claims
After 45 years, Manatee County lifeguard Lt. Rex Beach is retiring. 14
Anna Maria Island, Florida
ANNA MARIA – Mayor Dan Murphy and volunteer financial consultant John Chambers have suggested refinancing the City Pier Park property as a cost-saving measure for the city. The 20-year, $2.84 million loan taken out in 2011 to purchase the six lots property was secured at an interest rate of 3.94 percent. Now known as City Pier Park, the property is located at the corner of Pine Avenue and North Bay Boulevard. Chambers and Murphy recently met with a representative from Hancock Bank who indicated a better interest rate was available. These findings were presented to the City Commission on Thursday, April 28. see park, page 44
alleging $2.95 million in lost future rental revenues or property value. On Thursday, April 28, attorney Kevin Hennessey presented the city with 11 Bert Harris claims alleging $2.87 million in lost future revenues or value. On Friday, April 29, Hennessey presented the city with six additional Bert Harris claims, seeking $1.74 million in alleged lost revenues or value. see claims, page 44
MAGGIE FIELD | SUN
City Pier Park has continued to evolve since the city purchased the property in 2011
AMI CITIES HOPE TO CATCH $17.8 MILLION TIGER BY THE TAIL. 8
Jessie’s Island Store holds a celebration and a fundraiser. 23
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