HomeMy WebLinkAboutItem 13 Approval of Lighthouse Real Estate Consultants Mediated Settlement Agreement
City of Ocoee ▪ 1 N. Bluford Avenue ▪ Ocoee, Florida 34761
Phone: (407) 905-3100 ▪ www.ocoee.org
STAFF REPORT
Meeting Date: October 17, 2023
Item #: 13
Contact Name: Stephen Krug Department Director: Stephen Krug
Contact Number: Ext. 6002 City Manager: Robert Frank
Subject: Approval of Lighthouse Real Estate Consultants Mediated Settlement Agreement.
(Public Works Director Krug)
Background Summary:
The City needs to acquire Parcel 101 from Lighthouse Real Estate Consultants, Inc., Principal Kevin Moyer,
through an eminent domain Order of Taking. The final valuation of the property needs to be resolved, either
through mediation or jury trial. The property is needed for the Taylor Street Improvement Project.
Issue:
Should the Honorable Mayor and City Commissioners approve the Mediated Settlement Agreement, and
authorize staff to execute all necessary documents?
Recommendations:
Staff recommends the Honorable Mayor and City Commissioners approve the Mediated Settlement Agreement,
and authorize staff to execute all necessary documents.
Attachments:
1. Lighthouse Settlement Memorandum
2. Lighthouse Executed Right of Entry Agreement
Financial Impacts:
The $466,666.51 is adequately funded in the Taylor/Kissimmee project budget.
Type of Item: Consent
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