www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - September 18, 2017
REVISED September 18, 2017 - Regular Meeting
Agenda Item #24


Subject
Execution of Contract for Sale and Purchase from Stephen R. Olmsted for the property located at 4311 45th Street East, Bradenton, Florida 34208

Briefings
None

Contact and/or Presenter Information

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

Chris Munyon, Real Property Specialist, Property Acquisition Division, Property Management, Extension 6285



Action Requested
  • Execution of Contract for Sale and Purchase with Stephen R. Olmsted 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 100 is a vacant residential site consisting of 32,034 square feet located at 4311 45th Street East. The parcel is zoned A-1.
  • On April 13, 2017, Appraiser Shawn Wilson, MAI, Compass Real Estate, determined the value of the area for acquisition at $161,000.00 consisting of land value and minor site improvements.  
  • A settlement was reached at $250,000.00 eliminating additional costs for litigation fees or expert fees associated with this agreement.
  • This is an acquisition of the entire parcel.


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 Chris Munyon at chris.munyon@mymanatee.org, Johnnie Yetter at johnnie.yetter@mymanatee.org, Eric Shroyer at eric.shroyer@mymanatee.org.



Cost and Funds Source Account Number and Name
Settlement costs of $250,000.00 to 399-6086960, 44th Avenue East - 45th Street East to 44th Avenue Plaza East

Amount and Frequency of Recurring Costs
N/A


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