www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - October 6, 2015
October 6, 2015 - Regular Meeting
Agenda Item #31


Subject
Execution of Contract for Sale and Purchase for a Warranty Deed from Kurt J. Raible and Mark D. Raible, for property located at 5204 and 5208 45th Street East, Bradenton, Florida 34203

Briefings
None

Contact and/or Presenter Information

Margaret Daniell, Interim Property Acquisition Division Manager, Property Management, Ext. 3009

Charles Meador, Real Property Specialist, Property Management, Ext. 6289



Action Requested
Execution of Contract for Sale and Purchase for a Warranty Deed with Kurt J. Raible and Mark D. Raible for the purpose of the 45th Street East road improvements from State Road 70 to 44th Avenue East in the amount of $335,000.00.

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 45th Street East road improvements from State Road 70 to 44th Avenue East project was approved in the FY 2013-2017 CIP 382-6025562.
  • Parcel 218 and Parcel 219 are vacant lots.
  • An appraisal report dated August 10, 2015, by Shawn Wilson, MAI, of Compass Real Estate Consulting, Inc., determined the value of the area at $305,100.00.
  • A settlement was reached at $335,000.00 for the purchase and eliminates additional costs for litigation fees or expert fees associated with this agreement.


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 contracts to Charles Meador, Property Acquisition Division, at Charles.meador@mymanatee.org, and Johnnie Yetter, Public Works, at johnnie.yetter@mymanatee.org

Cost and Funds Source Account Number and Name
Settlement costs of $335,000.00 to 302-6025662, 45th Street East (SR 70 to 44th Avenue East) Road Improvement Project

Amount and Frequency of Recurring Costs
N/A


Attachment:  Raible Contract for Sale and Purchase for a Warranty Deed.pdf
Attachment:  Cost Avoidance.pdf
Attachment:  Location Map.pdf