SUBJECT:
Title
Request Approval of a Purchase Agreement Associated with the SW 49th Avenue Segment F Road Improvement Project for Parcel 8001-0121-39 (Budget Impact - Neutral; expenditure of $437,100)
Body
INITIATOR: DEPARTMENT:
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 $437,100 plus closing cost for parcel 8001-0121-39 associated with the SW 49th Avenue - Segment F Road Improvement Project (from Marion Oaks Manor north to SW 142nd Place Road). This is an improved lot consisting of approximately 0.23 acres. The 1,877 square foot single family residence, constructed in 2006, consists of three (3) bedrooms and two (2) bathrooms.
The negotiated agreement is inclusive of any and all cost associated with this transaction and includes a three (3) month extended occupancy period while they complete their replacement home; terms and conditions of the extended occupancy are outlined in the attached addendum. There are cost savings recognized in this negotiation by avoiding additional costs that occur during condemnation proceedings.
BUDGET/IMPACT:
Neutral; expenditure of $437,100 plus closing cost (STC073813-VJ738541-561301)
RECOMMENDED ACTION:
Recommended action
Motion to approve the Purchase Agreement and authorize the Chair and Clerk to execute the same.
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