www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - March 22, 2016
March 22, 2016 - Regular Meeting
Agenda Item #25


Subject
Execution of Contract for Sale and Purchase for a Warranty Deed from 2014-1 IH Borrower, L.P., for property located at 4505 Bedford Court, Bradenton, Florida 34203, PID 1697913158

Briefings
None

Contact and/or Presenter Information

Margaret Daniell, Interim Property Acquisition Division Manager, Property Management, Extension 3009

Larry Decker, Real Property Specialist, Property Acquisition Division, Property Management, Extension 6287



Action Requested
  • Execution of Contract for Sale and Purchase for a Warranty Deed with 2014-1 IH Borrower L.P. in the amount of $44,000.00.


Enabling/Regulating Authority

Florida Statutes, Chapter 125 and Chapter 127, and Manatee County Comprehensive Plan Goal 5.1 addresses the safety and efficiency of forecasted vehicular demands.



Background Discussion
  • The 45th Street East road improvement project from SR 70 to 44th Avenue East was approved in the FY 2013-2017 CIP 382-6025662.
  • Parcel 113 is a partial acquisition consisting of a 627 square foot strip along the frontage of 45th Street East.
  • On February 25, 2015 Appraiser Shawn E. Wilson, MAI, of Compass Real Estate Consulting, Inc., determined the value of the area for acquisition at $43,500.00
  • The appraisal value for the take consists of land at $3,800.00, improvements at $4,800.00, net cost to cure at $1,500.00, and severance damages at $33,400.00.
  • Improvements within the acquisition area include shrubs, sod, and irrigation. A cost to cure is required to modify the irrigation and install new landscaping.
  • A settlement was reached at $43,500.00 to include $500.00 for legal fees totaling an acquisition cost of $44,000.00.
  • The negotiated settlement eliminates possible additional litigation expenses and expert witness fees.


County Attorney Review
Not Reviewed (No apparent legal issues)

Explanation of Other


Reviewing Attorney
N/A

Instructions to Board Records

Please return a copy of the executed contract to Larry Decker at larry.decker@mymanatee.org and Johnnie Yetter at johnnie.yetter@mymanatee.org.



Cost and Funds Source Account Number and Name
$44,000 to 382-6205662 45th Street East Improvement Project

Amount and Frequency of Recurring Costs
N/A


Attachment:  2014-1 IH Borrower, LP Contract for Sale and Purchase for a Warranty Deed.pdf
Attachment:  Project Memorandum AAG-Parcel 113.pdf
Attachment:  45th St E - SR 70 RW Paracel 113 - Loc Map.pdf