SUBJECT
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Approve Purchase and Sale Agreement between Tampa Electric Company and Polk County and authorize a County Deed in conjunction with the conveyance of the County’s interest in a platted Park as shown on the plat of Waverly identified as Parcel ID Number 272910-859000-047000. ($50,000, one-time revenue)
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DESCRIPTION
The plat of Waverly, filed in 1912 in Plat Book 3, at Page 7, depicts a parcel identified as “Park” which is presumed to be dedicated to the public due to a lack of dedication to the contrary. The Park parcel, identified as Parcel ID Number 272910-859000-047000, is a vacant triangular-shaped parcel containing approximately 1.23-acres located along the southerly side of Waverly Road near its intersection with C.F. Kinney Road in the Waverly area north of Lake Wales. The subject parcel includes portions of platted right-of-way along the western and southern boundaries which were previously vacated and assembled with the parcel. Large tracts of land adjacent to the Park parcel are owned by Tampa Electric Company (“TECO”) which were acquired for its solar farm. TECO contacted the County and requested to purchase the Park parcel for use in its solar farm. The County hired an independent appraiser to establish a value for the property and subsequent negotiations with TECO have resulted in a proposed purchase price of $50,000. TECO has approved and executed a Purchase and Sale Agreement for the purchase of the Park parcel. The County Attorney’s Office and the Real Estate Services Director have reviewed the agreement and recommend approval.
Florida Statutes allow for the conveyance by the County of lands dedicated for park purposes and allow for the disposal of property by declaring the property surplus and authorizing its private conveyance. Doing so will allow TECO to purchase the property for its solar farm, place it on the tax roll and allow TECO to provide power to its customers. In accordance with the Florida Statutes any funds to the County from the sale of the dedicated lands shall be used for park purposes.
RECOMMENDATION
Request Board approve the Purchase and Sale Agreement with, and authorize a County Deed to, TECO for the County’s interest in the Park property including any interests that may otherwise be reserved by Florida Statute.
FISCAL IMPACT
Proceeds from the sale of the parcel to be deposited into the appropriate fund, to be determined by Finance and Accounting, to be utilized for park purposes.
CONTACT INFORMATION
R. Wade Allen, Director
Real Estate Services
863-534-2577