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Property values rise 5.4%, but tax increase looms. PAGE 3A
Woodworker . Parker Converse . goes against the grain. INSIDE.
pre-planning phase
FREE • THURSDAY, JUNE 19, 2014
ART-LOVERS Art festival draws colorful people to Circle park. PAGE 12A.
by Kurt Schultheis | Managing Editor
OCEAN PROPERTIES MAKES HIGHEST BID FOR COLONY ESTATE
Phased Key Club project looms
Ocean Properties Ltd. put in an offer at 3:59 p.m. Tuesday — one minute before bids were set to close for the bankrupt Colony Beach & Tennis Resort Partnership estate — and had the winning bid at $2.45 million. If Ocean Properties ends up winning the auction in U.S. Bankruptcy Judge K. Rodney May’s courtroom Thursday afternoon, it will own a stake in the Colony, and that would set the stage for the company to potentially own its third resort on Longboat Key. Ocean Properties already owns the former Longboat Key Hilton Beachfront Resort and the Longboat Key Club. Plans are in the works to renovate both properties. Two other developers put in offers for the estate. Orlando-based Unicorp National Development Inc. President Charles Whittall put in an offer for $2.3 million. Colony unit owner and developer Andy Adams put in an offer for $1 million. Gone from the mix vying for the estate is Longboat Key-based MW Development Group principal Manfred Welfonder and his partners. Welfonder said Siggy Levy, who has been involved in many development projects in North America, including numerous condominium properties on Longboat Key, decided not to enter the auction. Welfonder also confirmed his other partner, Ritz-Carlton, Sarasota and Concession Golf Club & Residences developer Kevin Daves, is no longer associated with MW Development Group. “It’s not over,” Welfonder said. “Siggy and I remain a very strong interested party for the future of the Colony.” Colony Beach & Tennis Resort Association President Jay Yablon confirmed a U.S. trustee informed all parties of the bids Tuesday afternoon.
Ocean Properties officials are working with town staff on hurdles in the town’s code that are preventing them from submitting a site-plan application.
READ MORE ABOUT THE AUCTION ON PAGE 6A
TURTLE TRACKS Week of June 8 through June 14
Nests..................................55 False crawls........................47 2014 2013 Nests 174 69 False crawls 142 46
There’s not a site plan, rendering or even an explanation of what Ocean Properties wants to renovate or build on its Longboat Key Club property. But that didn’t stop plans for a future renovation and expansion project within Islandside on the
southern tip of the Key to take center stage at Monday’s Longboat Key Town Commission regular workshop and special meeting. Ocean Properties officials have been working with town staff for months on hang-ups in the
town’s codes and Outline Development Plan that are preventing them from submitting a site-plan application for a future project. The town has been working with Bill Spikowski, of Spikowski Planning Associates, to create a stopgap measure in the code and
ODP process to allow a project to move forward while the town makes wide-sweeping changes to the code and Comprehensive Plan. The larger modifications are the result of Sarasota Judge Lee Haworth’s November 2012 ruling, in which he granted declaratory
SEE KEY CLUB / PAGE 2A
ROYAL ROUGE
Longboat Harbour’s royal poinciana tree is one of many trees bursting with color this summer on Longboat Key.
CLOSE TO HOME
Kelsey Grau
by Kurt Schultheis | Managing Editor
Lighthouse Point sees sand surplus Some residents argue the town should cancel a $4 million south end erosion project and take the extra sand sitting behind their homes. As the town prepares to formulate a plan to restore sand to a 3,000-square-foot area of lost beach from L’Ambiance north to the beach behind Longboat Towers at a cost of approximately $4 million, Lighthouse Point resident John Saputo has one question: “If the town is looking for sand, why don’t they take it from their own island?” Saputo
asked. Specifically, Saputo can show you where all the sand lost from that section of the beach has gone. Saputo, whose community of single-family homes is on the south tip of the Key, and his neighbors have held meetings to discuss a problem that some residents wish they had. “We have too much sand,”
Saputo said. “We need to get rid of it. Let the town take it.” About 12 years ago, Tangerine Development Co., the company that sold single-family home lots to create Lighthouse Point, built a line of rock groins that stuck out from the shore on the south end of the Key to stop an erosion problem in the
SEE SURPLUS / PAGE 2A
Stairs on John Saputo’s dock are disappearing as sand collecting near his property washes over them.
INDEX Briefs....................4A Classifieds......... 22A
Cops Corner..........9A Crossword.......... 21A
Neighborhood.... 12A Opinion.................8A
Real Estate........ 18A Weather............. 21A
Vol. 36, No. 46 | Two sections YourObserver.com