Title:
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Approve and authorize the Chairman to execute a Purchase Agreement related to Project Parcel No. 2-849 for a drainage easement necessary for the Midway Drainage Improvement Project (15,898± SF) between KKNC Properties, LLC and Seminole County for $263,120.00, 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 (No. 2-849) has been identified as being needed for a drainage easement necessary for the Midway Drainage Improvement Project. The owner (KKNC Properties, LLC / Tax ID No. 33-19-31-300-0130-0000) of the property located on the east side of North Beardall Avenue, at the southeast corner of Celery Avenue and Beardall Avenue, in Sanford, Florida, has agreed to sell and convey this drainage easement to Seminole County for the sum of $263,120.00, inclusive of all fees and costs.
The parent parcel is improved with an office building and a warehouse building and consists of 13.3717± acres of land. The County’s valuation of this acquisition is $197,300.00, a portion of which includes the cost to cure to make the owner whole. The County’s incentivized offer amount was $263,120.00, which was accepted by the owner, inclusive of all fees and costs.
Requested Action:
Staff requests the Board approve and authorize the Chairman to execute a Purchase Agreement related to Project Parcel No. 2-849 for a drainage easement necessary for the Midway Drainage Improvement Project (15,898± SF) between KKNC Properties, LLC and Seminole County for $263,120.00, as full settlement and any other claim for compensation from which Seminole County might be obligated to pay relating to the parcel.