Item No: 5E.
Meeting Date: February 25, 2013
From: Ken Thomas, Director of Housing & Economic Development
Subject: Resolution authorizing the City Commission to select a buyer from two bids submitted for purchase of City owned vacant land on East Line Street
Staff recommends the City Commission select a buyer from the two bids submitted for the purchase of City owned vacant land located adjacent to 1102 East Line Street.
On May 29, 2012 the City Commission authorized staff to request bids for the sale of the vacant property located on East Line Street. The City acquired the property by certificate of title on September 16, 2010. The City has two competing bidders for the subject property. The two bidders are Laurencia C. Unanue, Trustee (bid amount $12,000) and Fredrica Mack (bid amount $12,250).
The property dimensions are 50’ x 218’ and adjacent to a single family home. The property is currently zoned R-1 Residential, and deemed a buildable lot. The Eastside community has expressed interest in having more affordable housing in the area. The Lake County Property Appraiser has assessed the value of the land at $3,450. In addition, an appraisal was conducted and the value placed on the subject property was $6,500.
The City assumed several expenditures to acquire the subject parcel such as: $1,450.25 (property tax assessment), $225 (appraisal) and $300 (survey) or a total of $1,975.25.
2. Such alternative action as the Commission may deem appropriate.
The proceeds of the sale will be deposited into the General Fund. The acquisition of this property incurred $1,975.25 in expenses.
Prepared by: ______________________
Attachments: Yes____ No ______
Advertised: ____Not Required ______
Attorney Review : Yes___ No ____
Reviewed by: Dept. Head ________
Finance Dept. __________________
Deputy C.M. ___________________
City Manager ___________________
Account No. _001-0000-364-2900___
Project No. ___________________
WF No. ______________________
RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, AUTHORIZING THE COMMISSION TO SELECT ONE OF THE TWO BIDS AND ACCEPT THE BID FOR THE CITY OWNED PROPERTY ADJACENT TO 1102 EAST LINE STREET; AND PROVIDING AN EFFECTIVE DATE.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:
THAT the City Commission is hereby authorized to select one of the two bids and accept the bid of ___________________________ for $___________ for purchase of City owned property located on East Line Street.
THAT this resolution shall become effective immediately.
PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a regular meeting held the __25th___ day of __February_____ 2013.