Title:
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Approve and authorize the Chairman to execute a Purchase Agreement and Holdover Agreement related to Parcel #150 remainder for property interests needed for the Orange Boulevard Improvement Project (4.79 ± AC) between Thomas J. Sheipe and Margaret Sheipe and Seminole County for $1,662,800.00, 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 (#150 remainder) has been identified as being needed for property interests necessary for the Orange Boulevard Improvement Project, specifically for a retention pond. The owners (Thomas J. Sheipe and Margaret Sheipe / Tax ID #16-19-30-5AB-0500-002A) of the property located at 4730 Orange Boulevard on the northerly side of Orange Boulevard, approximately 500 ± feet (0.09 miles) northeasterly of North Oregon Street, in Sanford, Florida, have agreed to sell and convey these property interests to Seminole County for the sum of $1,662,800.00 inclusive of all fees and costs.
The parent property is improved with a single-family residence and ancillary improvements and consists of 4.79 ± acres of land. The County’s valuation of this acquisition is $1,512,800.00. The County’s incentivized offer amount was $1,662,800.00, which was accepted by the owners, inclusive of all fees and costs.
Additionally, this project is not scheduled to begin construction until August 2025. Therefore, the acquisition includes a Holdover Agreement allowing the owners to stay in the residence through December 31, 2024, to allow time to acquire a replacement home.
Requested Action:
Staff requests the Board approve and authorize the Chairman to execute a Purchase Agreement and Holdover Agreement related to Parcel #150 remainder for acquisition of property interests needed for the Orange Boulevard Improvement Project (4.79 ± AC) between Thomas J. Sheipe and Margaret Sheipe and Seminole County for $1,662,800.00, as full settlement of any claim for compensation from which Seminole County might be obligated to pay relating to the parcel.