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HomeMy WebLinkAboutItem 09 Approval of Purchase Agreement for Right-of-Way Acquisition City of Ocoee ▪ 1 N. Bluford Avenue ▪ Ocoee, Florida 34761 Phone: (407) 905-3100 ▪ www.ocoee.org STAFF REPORT Meeting Date: April 16, 2024 Item #: 9 Contact Name: Milen Womack Department Director: Stephen Krug Contact Number: Ext. 6013 City Manager: Robert Frank Subject: Approval of Purchase Agreement for Right-of-Way Acquisition. (Public Works Director Krug) Background Summary: In accordance with the Ocoee Downtown Master Plan, the City of Ocoee has committed to making roadway improvements to Taylor Street and Kissimmee Ave. In order to construct the roadway improvements necessary on Kissimmee Ave, the City needs additional right-of-way along the corridor. Specifically, the City needed an additional 28.50 feet of right-of-way along the property at 121 S Kissimmee Ave owned by Legacy Ocoee, LLC. The total land area for the right-of-way acquisition amounts to 7714 sq. ft. or 0.18 acres. City Staff with Special Counsel, Doty Solik Law, has negotiated just compensation for the right-of-way acquisition in the amount of $108,000.00. City Staff recommends the City Commission to approve and sign the purchase agreement with Legacy Ocoee, LLC as negotiated. The right-of-way acquisition is adequately funded in the Taylor/Kissimmee Roadway Improvements budget. Issue: Should the Honorable Mayor and City Commissioners approve and sign the Purchase Agreement with Legacy Ocoee LLC for right-of-way acquisition, in the amount of $108,000.00? Recommendations: Staff recommends the Honorable Mayor and City Commissioners approve and sign the Purchase Agreement with Legacy Ocoee LLC for right-of-way acquisition, in the amount of $108,000.00 and for the Mayor, City Attorney, and Staff to execute the agreement on behalf of the City. Attachments: 1. Purchase Agreement - 121 S Kissimmee Ave Financial Impacts: The cost of the right-of-way acquisition is adequately funded from the Taylor/Kissimmee project budget: Job P000269 Taylor/Kissimmee - Ohio to Franklin. Type of Item: Consent