SUBJECT
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Declare surplus and approve a Land Purchase Agreement between Southwind Polk, LLC, et al for the purchase of County-owned property identified as Parcel ID Number 272603-701058-000041. Also approve a Release of Easement for existing well and access easements associated with the property. ($100,200, one-time revenue)
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DESCRIPTION
The County acquired a fee interest in Parcel ID Number 272603-701058-000041 through Warranty Deed dated February 19, 2010, which was subsequently recorded in Official Records Book 8118 at Pages 2059 and 2060. The parcel is square shaped parcel, containing nearly an acre, which is identified as Lot 4 on the plat of Ovation recorded in Plat Book 151 at Pages 31 through 24 and on the plat of Ovation Replat recorded in Plat Book 162, at Pages 14 through 19. The property previously contained a potable water well and production facility which have since been abandoned and decommissioned and the County has no future need or use for the property. The parcel is surrounded by, and located with, a multifamily development known as Verso Apartments and is only accessible through the development. Due to its location and access limitations it is only of use and benefit to the owners of the adjacent apartment development. County staff contacted the owners of the adjacent apartment complex property, being sister entities known as Southwind-Polk, LLC; Bradford-Polk, LLC and Gulfport-Polk, LLC, and they expressed an interest in purchasing the property. Through negotiations the adjacent owners have agreed to purchase the parcel for the amount of $100,200 and have executed and delivered a Land Purchase Agreement. As part of the Agreement the County agrees to release its interest in a Well Protection Zone Easement and a Perpetual Access Easement which are encumbering the subject property and the owners’ adjacent apartment complex property.
Florida Statutes allow for the disposal of County-owned real property by declaring the property surplus and authorizing its private conveyance. Doing so will allow adjacent property owners to purchase the property, place it back on the tax roll, remove the property from the County Land Inventory and allow the County to cease any maintenance activities associated with the parcel. The subject parcel is being sold and in “as is” condition and the conveyance of the property will be by County Deed.
RECOMMENDATION
Request Board declare the above-mentioned County-owned parcel surplus and approve the Land Purchase Agreement for the sale of the property for the amount of $100,200. Also request Board authorize a Release of Easement for the Well Protection Zone Easement and Perpetual Access Easement.
FISCAL IMPACT
Proceeds from the sale of the parcel to be deposited into the appropriate fund, to be determined by Finance and Accounting.
CONTACT INFORMATION
R. Wade Allen, Director
Real Estate Services
863-534-2577