Key West Mayor Jimmy Weekley
announced today that the City of Key West and the Navy have agreed upon
the terms for conveyance of the Truman Waterfront property. The Navy is
currently preparing the final agreement package that consists of the
Memorandum of Understanding, the Economic Development Conveyance, and the
Memorandum of Agreement. The documents will be reviewed by City associates
and their consultants with hopes of presenting the agreement to the City
Commission at its October 16th meeting for approval. The City expects
final approval of this negotiated agreement from Navy headquarters in
Washington, DC shortly thereafter.
"It's been a long time coming",
said Mayor Weekley. "I think we've reached a fair agreement that will
ensure the best interests of the City and the Navy. I also think the
biggest winners will be our residents and visitors who will enjoy a
beautiful brand-new park and harbor area."
The terms of the agreement consists of the
transfer of 33 acres of land, including the East Quay, through a no cost
conveyance. The City's development of the property will include parklands,
a marina, and small retail shops.
City Manager Julio Avael stated that he is
very comfortable with the agreement, although the City had to agree to
several strict controls on the property by the Navy for security reasons.
The agreement will include Navy imposed security requirements that may
periodically be implemented in the harbor and on the city conveyed
property, should the protection of Navy ships and personnel be required.
The Navy will defer conveyance of 16 acres,
including the mole pier. However, Avael stated that the City's cruise ship
program will not be affected by this decision. He pointed out that the
City is anticipating nearly one million passengers this fiscal year into
the Outer Mole, Pier B, and Mallory Square, which will produce $4,000,000
for the City's coffers and will generate $60,000,000 to the economy of the
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