SUBJECT
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Approval of Negotiated Settlement with the Eleventh Episcopal District of the African Methodist Episcopal Church, Inc for West Polk Well Site 13 (Action)
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DESCRIPTION
PRWC staff identified a landowner willing to sell property for Test Production Well (TPW) #2, within the City of Lakeland (Exhibit A). The 4.83-acre parcel is a suitable size and location for the TPW that will later be converted to a West Polk production well.
The owners, Eleventh Episcopal District of the African Methodist Episcopal Church, Inc., accepted a written offer of $569,550, the appraised value of the parcel. Because the purchase price exceeds $250,000, Board approval is required.
The following are the considerations made for this Recommendation of Settlement:
• Settlement at Appraised Value
• No Expert Fees
• No Attorney Fees
• Location
• Site Size
• Availability of property this size within a densely populated area
• Property provides a natural buffer to adjacent homeowners
• Multiple uses of site
• Proximity to adjacent roadway right of way for pipeline installation
RECOMMENDATION
Staff recommends approval of the settlement at appraised value with Eleventh Episcopal District of the African Methodist Episcopal Church, Inc. in the amount of $569,550.
FISCAL IMPACT
This approval will obligate the PRWC to make a payment in the amount of $569,500, which will be reimbursed by state appropriations through the Heartland Act.
CONTACT INFORMATION
Arlena Dominick