Title:
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Approve and authorize the Chairman to execute a Purchase Agreement related to Project Parcel #102 for a drainage easement necessary for the Kentucky Street Improvement Project (1,615 ± SF in total) between St John’s River Water Management District and Seminole County for $1,100.00, plus estimated acquisition costs of $5,050.00. District2 - Zembower (Stephen Koontz, Assistant County Manager) Requesting Department - Public Works.
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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:
Beth Broxton / 407-665-5658
Background:
This parcel (#102) has been identified as being needed for property interests necessary for the Kentucky Street Improvement Project. The owner (St. John’s River Water Management District / Tax ID #03-20-31-5AY-0000-081A) of the property located on the south side of Kentucky Street, in Sanford, Florida, has agreed to sell and convey said property interests to Seminole County for the sum of $1,100.00, plus estimated acquisition and closing costs of $5,050.00 identified in Exhibit “3” of the purchase agreement.
The parent property is an assemblage of multiple contiguous parcels that are vacant and consist (in total) of 2,852 ± acres of land. The County’s valuation for this acquisition is $750.00. After discussions with St. John’s River Water Management District, a settlement was reached at $1,100.00 for the easement and an additional $5,050.00 for acquisition and closing costs.
Requested Action:
Staff requests the Board approve and authorize the Chairman to execute a Purchase Agreement related to Project Parcel #102 for property interests necessary for the Kentucky Street Improvement Project (1,615 ± SF in total) between St. John’s River Water Management District and Seminole County for $1,100.00, plus estimated acquisition costs of $5,050.00.