SUBJECT:
Title
Request Approval of Purchase Agreement Associated with the Marion Oaks Manor Extension Road Improvement Project for Parcel 44822-000-12 (Budget Impact - Neutral; expenditure of $425,000)
Body
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INITIATOR: |
DEPARTMENT: |
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Steven Cohoon, P.E., County Engineer |
Office of The County Engineer |
DESCRIPTION/BACKGROUND:
This is a request to approve a Purchase Agreement in the amount of $425,000 plus closing costs for parcel 44822-000-12 associated with the Marion Oaks Manor Extension (SW 49th Avenue to CR 475) Road Improvement Project. This is an improved lot consisting of 3.30 acres. The 1,560 square foot single family residence consists of four (4) bedrooms and two (2) bathrooms. Included in this purchase is also an 854 square foot out-building and a 288 square foot storage shed.
The negotiated agreement is inclusive of any and all cost associated with this transaction. There are cost savings recognized in this negotiation by avoiding additional costs that occur during condemnation proceedings.
BUDGET/IMPACT:
Neutral; expenditure of $425,000 plus closing costs (TIP077586-TIP ROADS-EPANS ROW-762T-BO762541-561301).
RECOMMENDED ACTION:
Recommended action
Motion to approve the Purchase Agreement and Addendum and authorize the Chairman and Clerk to execute the same.
end