SUBJECT:
Title
Request Approval of a Purchase Agreement Associated with the NE 35th Street Phase 2 Road Project for Parcel 1558-002-018 (Budget Impact - Neutral; expenditure of $135,000 as approved in the FY 2023-24 budget)
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 $135,000 plus closing cost for parcel 1558-002-018 associated with the NE 35th Street Phase 2 Road Project (CR 200A to 1,000 feet east of NE 25th Avenue). This improved residential parcel is approximately 0.31 acres. The 1,528 square foot single family residence, constructed in 1963, consists of three (3) bedrooms, one (1) bathroom.
The negotiated agreement provides that the Seller is responsible for all taxes including a proration of current taxes as of the date of closing, and the County, as the buyer, pays closing cost, such as recording fees, documentary stamps and title insurance. There are cost savings recognized in this negotiation by avoiding additional costs that occur during condemnation proceedings.
BUDGET/IMPACT:
Neutral; expenditure of $135,000 plus closing cost (TIP70100A - GA771541 - 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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