www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - November 7, 2017
November 7, 2017 - Regular Meeting
Agenda Item #35


Subject
Execution of Contract for Sale and Purchase from Timothy Joseph Kenney and Kristyne Rose Kosenkov for property located at 4423 51st Street East, Bradenton, Florida 34203 PID#1709210409

Briefings
None

Contact and/or Presenter Information

Joy Leggett-Murphy, Property Acquisition Division Manager, Property Management Department, Extension 3439

Charles Meador, Real Property Specialist, Property Acquisition Division, Property Management Department, Extension 6289



Action Requested
  • Execution of Contract for Sale and Purchase with Timothy Joseph Kenney and Kristyne Rose Kosenkov for the purpose of the 44th Avenue East Road Improvement Project from 45th Street East to 44th Avenue Plaza East.


Enabling/Regulating Authority
Chapters 125 and 127, Florida Statutes.  Manatee County Comprehensive Plan Goal 5.1 addresses the safety and efficiency of forecasted vehicular demands.

Background Discussion
  • The 44th Avenue East Road Improvement Project from 45th Street East to 44th Avenue Plaza East was approved in FY 2014 (Project Number 6086960).
  • Parcel 120 is a total acquisition of 27,884 square feet. This homestead parcel serves as the primary residence.
  • On March 15, 2017, Appraiser Shawn Wilson, MAI, Compass Real Estate, determined the value of the area for acquisition at $185,000.00.
  • A settlement was reached at $297,470.00 eliminating additional costs for litigation fees or expert fees associated with this agreement.
  • The Seller will be granted extended possession of the Property as a result of negotiations and subject to the terms and conditions of the Contract for Sale and Purchase.


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 Charles Meador at Charles.meador@mymanatee.org and Johnnie Yetter at Johnnie.yetter@mymanatee.org and Eric Shroyer at Eric.shroyer@mymanatee.org.

Cost and Funds Source Account Number and Name
Settlement costs of $297,470.00 to 399-6086960, 44th Avenue East - 45th Street East to 44th Avenue Plaza

Amount and Frequency of Recurring Costs
N/A


Attachment:  Contract for Sale and Purchase.pdf
Attachment:  Parcel 120 Cost Avoidance.pdf
Attachment:  Location Map.pdf