Title
Disposal of Surplus Property (B)
Explanation
In 1997 the City purchased a parcel of land totaling 12.64 acres in 9000 blk. of SW Archer Road for the construction of a Power Delivery System (PDS). The amount of land required for the PDS was approximately 3.0 acres, but the owner would only sell the entire parcel. Subsequently, on January 26, 1998 the City Commission declared the remaining 9.61 acres to be surplus and authorized the sale of 2.0 of those acres to Alachua County for the construction of a Fire Station and 1.33 acres for dedication of road right-of-way. At that time the Commission also authorized the General Manager to dispose of the remaining acreage according to GRU Real Property Acquisition and Disposition Guidelines.
The sale to Alachua County was closed on April 28, 1998 and an Invitation to Bid was issued in June of 1998 for the remaining 7.08 surplus acres located directly south of the Fire Station site. Although many inquiries were made on the property, no bids were received at that time. However, GRU has continued to solicit offers via a sign posted on the property advising prospective buyers to contact the Real Estate Division.
In January of this year a written offer was received to purchase the property in accordance with the Invitation to Bid. Subsequently, an appraisal was received and a Purchase and Sale Agreement to sell the remaining back acreage for $13,000 an acre (8.34% above the appraised value of the property) has been negotiated by staff.
Recommendations
The City Commission: 1) approve a Purchase and Sale Agreement with J. Douglas Lawrence for the sale of 7.08 acres, as negotiated by staff; and 2) authorize the Mayor to execute a Special Warranty Deed to J. Douglas Lawrence necessary to complete the transfer of the 7.08 acres, subject to approval as form and legality by the City Attorney.
Fiscal Note
Proceeds from the sale will be used to offset the initial costs incurred by the Energy Delivery Division of GRU.
Drafter
Prepared by Patricia A. Moore, Utilities Administrative Services Director
Submitted by Michael L. Kurtz, General Manager
MLK:PAM: KAB