Community Meeting Explores Pearly Court Referendum

Key West City Commissioner Richard Payne is convening a community meeting to explore the upcoming ballot measure in which voters will decide whether or not the City will purchase the Peary Court property.

The meeting will begin at 6:30 p.m. on Tuesday, February 16th at the Elks Lodge 551, 3201 Flagler Avenue #513.

The meeting is open to the public and everyone is being urged to attend. Key West Housing Authority Director Manny Castillo will be in attendance.

The referendum question will be on the March 15th primary ballot and will read as follows:

“Referendum – Authorization to purchase Peary Court for use as workforce housing.

Should the city acquire for workforce housing that portion of the real property located at 541 White Street, known as Peary Court, containing 157 existing dwelling units, for a purchase price not to exceed $55,000,000.00, the mortgage balance repayable solely from rents derived from the property, and with the condition that the seller execute a deed restriction which restricts the use of the remaining real property at Peary Court to workforce housing in perpetuity?”

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