www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - March 7, 2017
REVISED March 7, 2017 - Regular Meeting
Agenda Item #43


Subject
Rowlett Elementary School Sidewalk Phase VII Project, Parcel 816A & 816B, U.S. Bank National Association, as Trustee for the HomeBanc Mortgage Trust 2005-1, Mortgage Backed Notes, Contract for Sale and Purchase for a Permanent Easement at PID 4705400002.

Briefings
None

Contact and/or Presenter Information

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

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



Action Requested
  • Execution of Contract for Sale and Purchase for a Permanent Easement from U.S. Bank National Association, as Trustee for the Homebanc Mortgage Trust 2005-1, Mortgage Backed Notes for Rowlett Elementary School Sidewalk Phase VII Project in the amount of $2,400.00.


Enabling/Regulating Authority

Chapters 125 and 127, Florida Statutes.  Manatee County Comprehensive Plan - Goal 5.4 Addresses bikeway and pedestrian systems.



Background Discussion
  • The Rowlett Elementary School Sidewalk Phase VII Project is a Manatee County requested sidewalk which involves the construction of 2,600 linear feet of sidewalk and 2,221 feet of drainage for neighborhood improvements at the south side of 30th Avenue East.
  • Parcel 816A & 816B is a permanent easement consisting of 116 square feet and 426 square feet to construct a sidewalk and drainage.  The easement is located at 1214 30th Avenue East, Bradenton, Florida.
  • Property Acquisition performed an in-house analysis on August 26, 2015, for parcel 816A and 816B.  The land is valued at $1,650.00, and cost to cure at $500.00 to reinstall one palm tree, and $250.00 for a wooden fence for a total agreed settlement of $2,400.00.
  • The previous owner Jorge L. Sotomayor executed the Contract for Sale and Purchase of Permanent Easement for $2,400.00 which was approved by the Board on January 26, 2016. 
  • This transaction failed to close due to pending foreclosure and lack of cooperation from the bank.  The property was subsequently foreclosed.  A certificate of title was issued to the lender, U.S. Bank National Association as Trustee, for the Homebanc Mortgage Trust 2005-1, Mortgage Backed Notes on August 2, 2016.   
  • Property Acquisition reached the same agreement with the new owner U.S. Bank National Association, as Trustee for the Homebanc Mortgage Trust 2005-1, Mortgage Backed Notes.
  • There are no attorney fees or related fees and costs 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, Johnnie Yetter at Johnnie.Yetter@mymanatee.org, and Anthony Benitez at Anthony.Benitez@mymanatee.org.

Cost and Funds Source Account Number and Name
Settlement costs of $2,400.00 to 341-6044160, Rowlett Elementary School Sidewalk Phase VII Project.

Amount and Frequency of Recurring Costs
N/A


Attachment:  U.S. Bank National Association Contract for Sale and Purchase for a Permanent Easement Parcel 816A & 816B.pdf
Attachment:  Parcel 816A & 816B Location Map.pdf