The 2019 CRA Redevelopment Plan contemplates the redevelopment and expansion of the Downtown Boat Ramp.  Additionally, the ongoing Downtown Master Planning process indicates that the redevelopment and improvement of the Downtown Boat Ramp area is an important project in for the future growth of the downtown.  6356 River Road is one of two adjacent properties which the City staff has been pursuing for the purpose of expanding the developable area of the boat ramp. This is a .61 acre vacant lot. According to the Pasco County Property Appraiser, the Taxable Value is $122,197.  Staff had the property appraised and the value was determined to be $170,000. Staff made an initial offer of $170,000, which was rejected.  Staff made another offer of $200,000, which was also rejected.  The property owner made a counter offer of $330,000. The property owner questioned the validity of our appraisal but did not get his own appraisal to substantiate his claim as to the value of his property.  We had a review appraisal conducted and it was determined that the current market value is $270,000. In a workshop on January 19, the CRA Board indicated that the property was still of interest, staff continued to negotiate with the property owner and a purchase price of $290,000 was accepted.