|REVISED November 17, 2015 - Regular Meeting|
Agenda Item #19
Execution of Contract for Sale and Purchase for a Warranty Deed and a Contract for Sale and Purchase of a Temporary Construction Easement from Xuan Tan Nguyen and Binh Kim Bui, for property located at 5126 45th Street East, Bradenton, Florida 34203.
Contact and/or Presenter Information
Margaret Daniell, Interim Property Acquisition Division Manager, Property Management, Ext. 3009.
Tim Cristello, Real Property Specialist, Property Acquisition Division, Property Management, Ext 6284.
- Execution of Contract for Sale and Purchase for a Warranty Deed with Xuan Tan Nguyen and Binh Kim Bui in the amount of $87,750.00; and
- Execution of Contract for Sale and Purchase of a Temporary Construction Easement in the amount of $450.00.
Chapters 125 and 127, Florida Statutes. Manatee County Comprehensive Plan Goal 5.1 addresses the safety and efficiency of forecasted vehicular demands.
- The 45th Street East road improvement from SR 70 to 44th Avenue East project was approved in the FY 2013-2017 CIP 382-6025562.
- Parcels 117/717 are improved with a single-family residence located at 5126 45th Street East. The project requires a partial take of 3,251 square feet. In addition, a temporary construction easement of 169 square feet is required.
- On February 25, 2015, Appraiser Shawn Wilson, MAI, of Compass Real Estate Consulting, Inc., determined the value of the area for acquisition at $87,000.00. The Temporary Construction Easement is valued at $200.00.
- The appraisal value detail consists of the following: $9,800.00 for land; $4,400.00 for improvements to include shell/driveway, sod, RCP underground pipe, bushes, vines, fruit trees, tree and irrigation system; $1,000.00 for cost to cure replace landscaping and modify the irrigation system; and $71,800.00 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 $88,200.00 for the acquisition 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
Instructions to Board Records
Please return a copy of the executed contracts to Tim Cristello, Property Acquisition Division, at Tim.Cristello@mymanatee.org and Johnnie.Yetter.@mymanatee.org
Cost and Funds Source Account Number and Name
Settlement costs of $88,200 to 302-6025662, 45th Street East (SR 70 to 44th Avenue East) Road Improvement Project
Amount and Frequency of Recurring Costs
Attachment: Nguyen Contract for Sale and Purchase for a Warranty Deed Parcel 117.pdf
Attachment: Nguyen Contract for Sale and Purchase of Temporary Construction Easement.pdf
Attachment: P117 and P717 Agreed Legal Fee Settlement.pdf
Attachment: 45th St E - SR 70 Right of Way Location Map.pdf