SUBJECT
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Approve Land Purchase Agreement between Walton Acquisitions, LLC and Polk County for the purchase of property in conjunction with a proposed alternative water supply receiving station in the northeast regional utility service area. ($410,000 one-time expense)
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DESCRIPTION
Polk County Utilities has plans to construct a receiving station in the Davenport area for alternative water being supplied by the Polk Regional Water Cooperative as part of its southeast transmission line project. The planned transmission line route traverses an area that is highly developed and there are very few available properties which would accommodate the construction of the proposed receiving station. A vacant property was identified which lies within the northeast regional water utility service area which also has relative proximity to the planned transmission line and existing water services in the area. The property, identified as Parcel ID Number 272632-709500-020231, is a square shaped parcel containing nearly 10-acres located adjacent to the north and west of an existing development known as Del Webb and appeared to be suited for an expansion phase of the Del Webb development. The county contacted representatives of the property owner, Walton Acquisition, LLC, who expressed an interest in selling the property. The County hired an independent appraiser to establish a value for the property based on the assumption that the property could be utilized for an additional phase of the development. It was subsequently determined, through additional research including title that the property did not have legal access through the existing development to the south and that its access was via platted right-of-way from Holly Hill Road to the west. Based on this information the County offered a significantly lower amount than the appraisal for the property which was rejected by the owner. Subsequent negotiations with the owner have resulted in a proposed purchase pri...
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