|Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - June 18, 2013|
Agenda Item #42
44th Avenue East (30th Street East to 45th Street East) Road Right of Way Improvement Project - Parcel 120 (Olmsted)
Contact and/or Presenter Information
Lynn Willis, Property Management, x 6287
Joaquin Servia, Division Manager, Property Acquisition, x 3021
Authorization for Chairman to execute Contract for Purchase for a Warranty Deed and attached Addendum from Stephen R. Olmsted, for the 44th Avenue East (30th Street East to 45th Street East) Road Right of Way Improvement Project in the amount of $83,600.
Chapters 125 and 127, Florida Statutes, Comp Plan - Goal 5.1 addresses the safety and efficiency of forecasted vehicular demands.
The original 44th Avenue East Road Right of Way Improvement Project was approved in the FY 1994/1995 CIP on February 25, 1994, and reapproved in FY 2009/2010 CIP on September 15, 2009, Resolution R-09-219.
Parcel 120 is improved with a single family residence located at 4311 45th Street East. The project required a partial take of 11,558 square feet.
On September 28, 2012, Appraiser Shawn Wilson, MAI, of Compass Real Estate Consulting, Inc., determined the value of the area for acquisition at: $8,700 for land, $22,900 for improvements that include $2,100 for trees and $20,750 for 50% contributory value of house and site improvements, $11,000 for cost to cure to demolish remnant of home and foundation, backfill, sod, and remove septic/drainfield, and shed, and $21,000 for severance damages as a result of the acquisition. The loss in value caused by the taking, but not attributable to the part taken, represents severance damages to the remainder. Total appraised value of the parcel is $63,600.
Negotiations have resulted in a settlement of $83,600 inclusive of all attorney and expert fees and costs and eliminates additional costs for litigation fees or expert fees associated with this agreement. Please refer to the attached backup justification for more detail.
The Contract for Purchase for a Warranty Deed and attached Addendum is hereby submitted to the BCC for execution in the amount of $83,600.
County Attorney Review
Other (Requires explanation in field below)
Explanation of Other
Andrea Adibe, Assistant County Attorney, has reviewed and worked with the property owner's attorney to finalize this agreement.
Instructions to Board Records
Please return a copy of the executed contract to Andrea Adibe, Assistant County Attorney, email@example.com, Lynn Willis, Property Management, firstname.lastname@example.org, Johnnie Yetter, Project Management, email@example.com, and Tracie Dill, Finance, firstname.lastname@example.org
Cost and Funds Source Account Number and Name
$83,600, 335-6071160, 44TH Avenue East (30th Street East to 45th Street East) Road Right of Way Improvement Project
Amount and Frequency of Recurring Costs
Attachment: 44th Ave E 30th-45th St Loc Map.pdf
Attachment: olmstead contract 6182013.pdf
Attachment: backup justification olmstead 120.pdf