The two parcels adjacent to Seminole City Park would cost $1.5 million.

SEMINOLE — The City Council is expected to decide in January whether to buy two parcels adjacent to Seminole City Park.

The properties at 11877 74th Ave. are owned by the family of Al Repetto, which has allowed the city to use the parcels during the Music in the Park series. Under a contract between the city and the family, the proposed purchase price is $1.5 million.

At their meeting Dec. 18, council members voted to extend the contract’s inspection period into mid-January to give all members a chance to tour the property. The council needs to accept or decline the contract before the inspection period expires, said City Manager Ann Toney-Deal.

After that, the only chance the council would have to back out of the contract is if the appraisal came back lower than the offer, she said. At that point, the council would have seven days to notify the seller of its intent to purchase, otherwise the contract is “null and void.”

The appraisal will be conducted by Tod Marr & Associates. A house sits on one of the parcels, while the other parcel is undeveloped. The sellers are requiring that the two be sold together.

SOURCE: tampabay.com