www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - August 25, 2015
REVISED August 25, 2015 - Regular Meeting
Agenda Item #36


Subject
Execution of Contract for Sale and Purchase for a Warranty Deed from Christopher Brady and Norma J. Brady, as Trustees of the Brady Trust, for property located at 4501 Bedford Court East, Bradenton, Florida 34203.

Briefings
None

Contact and/or Presenter Information

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

Tim Cristello, Real Property Specialist, Property Management, Extension 6284.



Action Requested
Execution of Contract for Sale and Purchase for a Warranty Deed with Christopher Brady and Norma J. Brady, as Trustees of the Brady Trust for the purpose of 45th Street East road improvement from SR 70 to 44th Avenue East in the amount of $56,000.00.

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 improvement from SR 70 to 44th Avenue East project was approved in the FY 2013-2017 CIP 382-6025662.
  • Parcel 112 is improved with a single-family residence located at 4501 Bedford Court East.  The project requires a partial take of 586 square feet.
  • On February 25, 2015,  Appraiser Shawn Wilson,  MAI, of Compass Real Estate Consulting, Inc., determined the value of the area for acquisition at $53,000.00.
  • The appraisal value detail consists of the following;   $3,600.00 for land; $5,400.00 for improvements to include shrubs, trees, ground-cover, irrigation, and sod; $3,000.00 for cost to cure shrubs, palm trees, landscape lighting, homeowner's irrigation, and homeowner association's irrigation; and $41,000.00 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. 
  • A settlement was reached at $56,000.00 for a partial property take 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 contract to Tim Cristello, Property Acquisition Division at Tim.Cristello@mymanatee.org and Johnnie Yetter at Johnnie.Yetter@mymanatee.org



Cost and Funds Source Account Number and Name
Settlement costs of $56,000 to 382-6025662, 45th Street East (SR 70 to 44th Avenue East) Road Improvement Project

Amount and Frequency of Recurring Costs
N/A


Attachment:  Brady Contract for Sale and Purchase for Warranty Deed Parcel 112 .pdf
Attachment:  P112 Brady Cost Avoidance Analysis.pdf
Attachment:  45th St E - SR 70 to 44th Avenue E Right of Way Parcel 112.pdf