Title:
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Approve and authorize the Chairman to execute a Purchase Agreement for lots 5 and 6 (Parcel ID 32-19-31-503-0000-0050) located in the Roseland Park subdivision (12,632 + SF) as part of the Roseland Park Expansion Project between Stanley and Edith Mgbeojirikwe and Seminole County for $85,000.00 as full settlement of any and all claim for compensation for which Seminole County might be obligated to pay relating to the parcel. District5 - Herr (Stephen Koontz, Administrative Services Deputy Director)
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Division:
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Administrative Services - Real Estate
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Authorized By:
Shane Fischer, Real Estate Division Manager
Contact/Phone Number:
Tricia Smith/407-665-5609
Background:
This currently undeveloped property had been identified as a necessary acquisition for the County to complete the existing Roseland Park ownership, provide connection to the proposed Midway Loop Trail, and provide public access to the existing lakefront. The owners, Stanley and Edith Mgbeojirikwe, of the property located at the south end of Roseberry Lane in the Roseland Parks subdivision in unincorporated Seminole County, Florida, have agreed to sell and convey the property to Seminole County for the sum of $85,000.00, inclusive of all fees and costs.
The property is vacant and consists of .29 + acres of land. The County obtained an appraisal of the property which concluded that the market value of the fee simple interest in the subject property is $82,100.00. The County’s offer for this parcel is $85,000.00, which was accepted by the owner, inclusive of all fees and costs.
The account line is - 02318006.560610.00001
Requested Action:
Staff requests the Board approve and authorize the Chairman to execute a Purchase Agreement for lots 5 and 6 (Parcel ID 32-19-31-503-0000-0050) located in the Roseland Park subdivision (12,632 + SF) as part of the Roseland Park Expansion Project between Stanley and Edith Mgbeojirikwe and Seminole County for $85,000.00 as full settlement of any and all claim for compensation for which Seminole County might be obligated to pay relating to the parcel.