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HomeMy WebLinkAboutVII (C) Pioneer Key Drainage Improvement Project: Proposed Settlement re: Parcel Nos. 2 and 3 Agenda 9-04-2001 Item VII C FOLEY & LARDNER ATTORNEYS AT LAw CHICAGO POST OFFICE BOX 2193 SACRAMENTO DENVER ORLANDO. FLORIDA 32802 2193 SAN DILL() JACKSONVILLE 11 I PORT/I ORANGE AVENUE.SURE 1800 SAN FRANCISCO LOS ANGELES ORLANDO, FLORIDA 3 2 80 1-2366 TALLAHASSEE MADISON TELEPHONE. I40 71 4 2 3-7656 TAMPA MILWAUKEE FACSIMILE (407) 648-1743 WASHINGTON. D.C. ORLANDO WEST PALM BEACH WRITER 5 DIRECT LINE (407)423-7656 EMAIL ADDRESS CLIFNT/MATFR NUMBER mdoty@folcylaw.com 020377/0559 MEMORANDUM TO: The I lonorable Mayor and City Commissioners of the City of coee FROM: Mary A. Doty, Esq., Assistant City Attorney pkia> V 1 `j THROUGH: Paul E. Rosenthal, Esq., City Attorney DATE: August 27, 2001 RE: Pioneer Key Drainage Improvement Project: Proposed Settlement regarding Parcels No. 2 and 3 (Dean Harper) As part of the Pioneer Key Drainage Improvement Project, the City acquired Parcels 2 and 3 on January 5, 2001 pursuant to an Order of Taking entered by the Circuit Court. Parcel 2 is a ±4,000 square foot lot located at 71 Sand Dollar Key Drive, improved with a 672 square foot mobile home. Parcel 3 is a 4,000 square lot located at 70 Sand Dollar Key Drive, improved with a 684 square foot mobile home. Both lots are owned by Dean Harper and both are located within the Pioneer Key Trailer Park. John Robinson of Property Valuation and Consultants, Inc. appraised the properties for the City and arrived at the following values: Parcel 2 $26,000.00 Parcel 3 $25,500.00 006 228716.1 ESTABLISHED 1812 A nweex OF GLOBFLEF WITH MEMBER OFFICES IN Nrxun.BRE:SELF,DRESD N. HNNNIP A L.uoom.SIMG<pOR1.SmrvuOI a>un Sok EIO 0.T The property owner's appraiser, Steve Matonis, appraised the properties at the values set forth below: Parcel 2 $42,500.00 Parcel 3 $42,500.00 Mr. Robinson utilized all three approaches to value and reconciled to the values set forth above. Mr. Matonis relied solely on the income approach to value and utilized a much lower capitalization rate. The cases were mediated to impasse on May 14, 2001. Mr. Harper's attorney, Paul Linder, and I, however, have continued to discuss settlement. I now have been presented with a settlement offer of$35,450.00 for Parcel 2 and $33,950.00 for Parcel 3. Because of the dollar amounts involved in this case, the costs of continued litigation could quickly exceed the value of the properties. For this reason, I recommend acceptance of the settlement offers. RECOMMENDATION: It is respectfully recommended that the Mayor and City Commissioners approve the settlement of the eminent domain litigation for Parcels 2 and 3 by the payment of$34,500.00 for Parcel 2 and $33,950.00 for Parcel 3, $2,000.00 to Steve Matonis for his reasonable appraisal fees, and $5,577.00 to Paul Linder, Esq. for his attorneys' fees, in complete satisfaction for all claims of Dean Harper, inclusive of interest and authorizing the City Attorney or Assistant City Attorney to execute a final judgment for these amounts. cc: Jim Gleason, City Manager James W. Shira, P.E., City Engineer Paul E. Rosenthal, Esq., City Attorney 006.226716.1 -2-