MADEIRA BEACH — City commissioners unanimously approved an $18 million purchase of a 4.6-acre waterfront parcel on Oct. 1, calling it a strategic investment that will ease crowding at the city marina and provide a new home for the public works facility.
The 5-0 vote approves purchase of the property at 555 150th Ave. from Madeira Beach Project LLC. The contract requires a $50,000 deposit and sets an Oct. 22 closing date.
The agreed-upon price came in well below two appraisals presented to the board, which valued the land at $21 million and $27.5 million…