HomeMy WebLinkAboutItem 12 Sale of Property Located at 8815 Hackney Prairie Road ocoee
florida
AGENDA ITEM COVER SHEET
Meeting Date: Februaryl8, 2020
Item # fa,
Reviewed By:
Contact Name: Steve Krug Department Director:
Contact Number: 6002 City Manager: Rob Fa'. Ar -�
Subject: Sale of Property Located at 8815 Hackney Prairie Road,
Commissioner Oliver, District 4
Background Summary:
On May 7, 2019, the City approved acquisition of the property located at 8815 Hackney Prairie Road
("Property") for stormwater mitigation at a purchase price of$490,000.00.
Following acquisition of the Property on July 24, 2019, City staff determined that approximately one (1)
acre of the Property should be retained for drainage and that the remaining -1.91 acre of the Property
along Hackney Prairie Road could be sold or used for purposes other than drainage.
The City received a Letter of Intent (LOI) on December 16, 2019, to purchase the remaining Property for
$360,000.00. City Staff has reviewed the LOI and finds the offer acceptable. On January 7, 2020, the
City Commission approved the sale of the Property and the parties are moving now to close on the
transaction.
In accordance with Section C-8 (B) (2) of the City Charter, when any proposal for the disposition of real
property owned by the city, either by sale or by lease for a term exceeding five (5) years, shall receive a
majority vote of the members of the City Commission and the fair market value of the real property
concerned exceeds one hundred thousand dollars ($100,000.), such action shall not be effective unless
it has been acted upon by the City Commission after a public hearing preceded by at least seven (7)
days' notice of the hearing and the proposed action by publication in the manner set forth above.
A legal ad ran in the West Orange Times on Thursday, February 6, 2020, advising of the City's intent to
sale.
Issue:
Request the City Commission to hold a public hearing and approve selling the property at 8815
Hackney Prairie Road per the Letter of Intent in accordance with the Contract for Sale.
Recommendation:
Recommend the City Commission approve the sale of the property at 8815 Hackney Prairie Road,
Ocoee, FL 34761 in accordance with the Contract for Sale and approve Mayor and City Clerk to
execute all documents associated with the closing on this property.
Attachments:
Copy of Legal Ad published in the West Orange Times
Financial Impact:
The original purchase was funded within the Public Works Stormwater Division and the proceeds from
the sale will be returned to the Stormwater Division.
Type of Item: (please mark with an `x')
x Public Hearing For Clerk's Dept Use:
Ordinance First Reading Consent Agenda
Ordinance Second Reading Public Hearing
Resolution Regular Agenda
X Commission Approval
Discussion& Direction
Original Document/Contract Attached for Execution by City Clerk
Original Document/Contract Held by Department for Execution
Reviewed by City Attorney Dana Crosby Collier N/A
Reviewed by Finance Dept. N/A
Reviewed by ( ) N/A
2
COPY OF ADVERTISEMENT
Date Published and Media Name
L . TheWestOittiltsilmiti liusaagreagarf6.2020-----1
Advertisement or Article
FIRST INSERTION
NOTICE OF INTENT TO
SELL PROPERTY OWNED BY
THE CITY OF OCOEE
Notice is hereby given that the City of
Ocoee,Florida,will consider a purchase
offer of$360,000 for the following de-
scribed real property,which is owned by
the City:
Parcel No.
03-22-28-0000-00-071
8815 Hackney Prairie Road
A public hearing will be held at the
February 18,2020 meeting of the City
Commission of the City of Ocoee be-
ginning at 6:15 pm or soon thereafter
in the City Hall Commission Cham-
bers located at 150 North Lakeshore
Drive,Ocoee,FL 34761. Interested
parties will be given the opportunity
to be heard during the public hearing.
February 6,2020 20-00704W