Title
Acquisition of 1402 SW 22nd Place for Tumblin' Creek Improvement Project (B)
Explanation
The Public Works Department would like to acquire Tax Parcel Number 15697-000-000, a 4.7 acre tract located at 1402 SW 22nd Place, for construction of a trash collector on Tumblin' Creek. The facility will capture trash and floating debris that are routed to the creek through the storm water collection system.
Staff received an appraisal of $120,000 from Adnot Appraisal Services. Staff has negotiated with the owners and has reached an agreement to acquire the property for $85,000. The parcel contains two (2) rental properties that will be split from the parent parcel and offered for resale.
Fiscal Note
Funds for the $85,000 property acquisition have been allocated within the Public Works Department's FY05 operating budget. The funding source will be the Stormwater Utility Fund.
Recommendation
The City Commission: 1) approve the request for acquisition of Tax Parcel 15697-000-000, located at 1402 SW 22nd Place for $85,000; and 2) authorize the Interim City Manager to execute all necessary documents for the acquisition of this property, subject to approval by the City Attorney as to form and legality.