May 5 County Commission discussion planned on issuance of nearly $20.8 million in bonds to buy Boatyard property on Stickney Point Road

During April 21 meeting, board members requested more details about staff plans for site

During their regular meeting on April 21, the Sarasota County commissioners agreed to wait until their regular meeting on May 5 to consider whether they should adopt a resolution authorizing staff to issue $20,770,000 in bonds to pay for 2.04 acres of property known as The Boatyard, which is located at 1500 Stickney Point Road, just east of the drawbridge leading to Siesta Key.

The board voted 4-1 on Feb. 10 — with Commissioner Tom Knight dissenting — to buy the land for $18.1 million. The extra bond proceeds would be used for closing costs, staff has reported, along with “a portion of the debt service and start-up activities and improvements.”

The May 5 discussion is item No. 36 on the agenda, following the Reports Section of the meeting. The session will begin at 9 a.m. at the Robert L. Anderson Administration Center in Venice, which stands at 4000 S. Tamiami Trail…

Story continues

TRENDING NOW

LATEST LOCAL NEWS