AGENDA MEMORANDUM

 

 

Meeting Date:           May 22, 2006June 12, 2006

 

From:                          Edward F. Smyth, Jr., Assistant City Manager

 

Subject:                      Resolution authorizing a Purchase Agreement with Benjamin Garcia, Jr. and Ronald L. Hart, Jr. for the Purchase of Lot 11, Lake Harris Estates in Excess of the Appraised Value

 

 

Staff Recommendation:

Staff recommends approval of the attached resolution and agreement for the purchase of the approximately 18.263 square feet Lot 11 in located in Section 22, Township 19, Range 25, Lot 11, Lake Harris Estates, consisting of approximately 18.263 square feet..

 

AnAnalysis:

Development between College Drive and Radio Road, south of U.S. Hwy 441, along with the widening of US 441, has increased traffic flow in this area and the hazards for the motoring public attempting to travel between businesses within this corridor.  Staff is proposing the extension of the travel corridor between Ruby Tuesday on the west, and Midas Muffler on the east.  Some of the area necessary has been acquired through dedication and developer agreement, while other portions will need to be purchased.

Mr. Hart and Mr. Garcia have agreed to sell one of three lots at the eastern end of the proposed project.  The property will be used for a section of the roadway, trail area, and stormwater retention.

On March 9, 2006 the City engaged Clayton, Roper & Marshal to perform an appraisal of the subject property.  The appraisal was returned April 10, 2006 showing the land to have a value of $46,000.  The subject property also contains a residential structure.  The appraiser did not assign any value to this structure during their work.  The owners believe that the structure has a value of $15,000, and have offered to sell the lot and structure for a total of $61,000.  Staff agrees there is value to the existing residential structure, and that the value assigned by the owners is not an unreasonable amount.

Options:

1.  Adopt the Resolution authorizing the purchase agreement for Lot 11, Lake Harris Estates

2.  Such alternative action as the Commission may deem appropriate

Fiscal Impact: 

As a result of the difference between the appraised value and the agreed upon purchase price approval by the City Commission will require a super-majority vote (a minimum of 4 positive votes-1-0) to adopt the resolution. 

Funds are available for this purchase from _______________________

Authorized funds were not specifically appropriated in account number 031-5112-541-6310 in the adopted budget. policy.  $576,444.00 is available within the capital outlay category for this purpose.  A budget amendment will be availabledrafted  for full amount of this purchase, if approved.

 

Submission Date and Time:    6/12/2006 12:56 PM6/7/2006 2:41 PM6/6/2006 11:32 AM6/6/2006 11:13 AM6/3/2006 2:27 PM5/22/2006 8:40 AM5/11/2006 7:52 AM____

 

Department: Administration

Prepared by:  E.F. Smyth, ACM                     

Attachments:         Yes X    No ______

Advertised:   ____Not Required  X                       

Dates:   __________________________                     

Attorney Review :       Yes X   No ____

                                                

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head ________

 

Finance  Dept. __________________                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager _______RS____________

 

Account No. _________________031-5112-541-6310___

 

Project No. _310081__________________

 

WF No. ______________________

 

Budget  __________________________$ 61,000.00_________

 

Available ________________________$576431,444301.00________

 

RESOLUTION NO._______________

 

A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE AN AGREEMENT WITH RON HART AND BEN GARCIA TO PURCHASE  OF PROPERTY LYING IN SECTION 22, TOWNSHIP 19, RANGE 25, LOT # 11, LAKE HARRIS ESTATES; AND PROVIDING AN EFFECTIVE DATE.

 

BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:

 

            THAT the Mayor and City Clerk are hereby authorized to execute an agreement  with Ron Hart and Ben Garcia for whose address is 6701 Lake Kirkland Dr, Clermont, Fl 34714, for the purchase of of approximately 18.263 square feet, Section 22, Township 19, Range 25, Lot # 11, Lake Harris Estates, consisting of 18.263 square feet in Section 22, Township 19, Range 25, for $61,000.00 which is in excess of the appraised value.

             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 __12th22nd___ day of __MayJune_______ 2006

 

 

 

                                                                                    ______________________________

                                                                                    Mayor

 

ATTEST:

 

 

__________________________________

City Clerk