Title:
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Approve and authorize the Chairman to execute a Purchase Agreement related to Project Parcel #2-804 for a drainage easement necessary for the Midway Drainage Improvement Project (48,254 ± SF) between Landings at Riverbend Homeowners Association, Inc. and Seminole County for $15,165.00, as full settlement and any other claim for compensation from which Seminole County might be obligated to pay relating to the parcel. District5 - Herr (Jean Jreij, P.E., Public Works Director)
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Division:
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Public Works - Engineering
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Authorized By:
Jean Jreij, P.E., Public Works Director
Contact/Phone Number:
Neil Newton/407-665-5711
Background:
This parcel (#2-804) has been identified as being needed for a drainage easement necessary for the Midway Drainage Improvement Project. The owner (Landings at Riverbend Homeowners Association, Inc. / Tax ID #33-19-31-518-0D10-0000) of the property located on the east side of Beardall Avenue at its intersection with Washington Street has agreed to sell and convey this drainage easement to Seminole County for the sum of $15,165.00, inclusive of all fees and costs.
The property is a private drainage tract that is part of the Landings at Riverbend subdivision that contains an outfall drainage ditch benefitting the Midway community. It consists of 1.108 ± acres of land. The owner is essentially donating the easement, but the County is providing compensation for the cost to cure to make the owner whole. The County’s valuation of the cost to cure is $2,500.00. The County’s incentivized offer amount was $4,750.00. After discussion with the owner a settlement was reached at $15,165.00, inclusive of all fees and costs. The additional compensation is for the costs incurred by the owner, as a homeowners’ association, to enter into this transaction. These costs include the property manager’s effort to obtain the necessary lot owners’ consents and the owner’s attorney’s fees to ensure owner’s compliance with its corporate documents in entering into this transaction.
Requested Action:
Staff requests the Board approve authorize the Chairman to execute a Purchase Agreement related to Project Parcel #2-804 for a drainage easement necessary for the Midway Drainage Improvement Project (48,254 ± SF) between Landings at Riverbend Homeowners Association, Inc. and Seminole County for $15,165.00, as full settlement and any other claim for compensation from which Seminole County might be obligated to pay relating to the parcel.