HomeMy WebLinkAboutItem #12 Maguire Road Phase V
: FOLEY
1. AGENDA ITEM COVER SHEET
Meeting Date: December 4, 2007
Item # 1 'L.
Contact Name:
Contact Number:
Mary Solik
407 -423-7656
Reviewed By:
Department Director:
City Manager:
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Subject: Maguire Road Phase V - Armstrong Development Group, LLC Land Acquisition
Background Summary:
For purposes of the Maguire Road Phase V Project, the City needs to acquire a 4.3 acre tract of
land from Armstrong Development Group, LLC.
Issue:
Commission approval is necessary to make a binding offer.
Recommendations
Authorize City Staff and the City Attorney to make a binding offer to Armstrong Development
Group, LLC.
Attachments:
Memorandum dated November 27,2007 from Foley & Lardner LLP
Financial Impact:
Type of Item:
o Public Hearing
o Ordinance First Reading
o Ordinance First Reading
o Resolution
[gI Commission Approval
o Discussion & Direction
For Clem's Deaf Use:
o Consent Agenda
o Public Hearing
o Regular Agenda
D Original Document/Contract Attached for Execution by City Clerk
D Original Document/Contract Held by Department for Execution
Reviewed by City Attorney
Reviewed by Finance Dept.
D
D
D
Reviewed by Assistant City Manager
ORLA_624457.1
: FOLEY
ATTORNEYS AT LAW
111 NORTH ORANGE AVENUE, SUITE 1800
ORLANDO, FL 32801-2386
P. O. BOX 2193
ORLANDO, FL 32802-2193
407.423.7656
407.648.1743
WIIWI.FOLEY.COM
FOLEY & LARDNER LLP
407.244.3259
MEMORANDUM
CLIENT-MATTER NUMBER
020377-0581
TO:
Honorable Mayor and City Commissioners
City of Ocoee
FROM:
Mary Doty Solik, Assistant City Attorney
THROUGH: Paul R. Rosenthal, Esq., City Attorney
DATE:
November 27,2007
RE:
Maguire Road Phase V - Armstrong Development Group, LLC
BACKGROUND
For purposes of the Maguire Road Phase V Road Widening Project, the City
needs to acquire property necessary for a pond site. A 4.3 acre tract located on the east side of
Marshall Farms Road just south of its intersection with Maguire Road has been determined by
City Staff to be the best location for the stormwater pond required by the proposed widening of
Maguire Road. The subject property is owned by Armstrong Development Group, LLC. The
property is vacant.
The City has had the subject property appraised by Donald Oehlrich of Florida
Realty Analysts, Inc. who arrived at a value of $688,500. In order to initiate the land acquisition
process, an offer letter must be sent to Armstrong Development Group, LLC. City Staff now
seeks Commission approval to make an offer, pending conveyance of clear title, to Armstrong
Development Group, LLC. City Staff have had informal discussions with counsel for Armstrong
Development Group, LLC, and the indicated selling price, unsupported by an appraisal, is
$1,600,000.00. This is despite the fact that Armstrong acquired the property in June 2006 for
$625,000 and no improvements have been made. Given the unlikely possibility of a voluntary
acquisition, City Staff recommends making an initial offer 10% above appraisal, in the amount
of $756,800.00. This will help limit the City's exposure to attorneys' fees in the likely event that
the case proceeds to condemnation.
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ORLA_624457.1
RECOMMENDATION
It is recommended the Mayor and City Commissioners authorize City Staff and
the City Attorney to make a binding offer in the amount of $756,800.00 to Armstrong
Development Group, LLC with the conveyance of clear title.
MDS:j1c
3
ORLA_624457.1
PARCEL SKETCH
Parent traCt
Fee Acquisition (Take Area)
4.30 acres (Whole Take)
4.30a.cres (Whole Take)
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Parcel No.:
Proje~t:
Pond 7
Maguire Road
CUeDl:
Appraiser:
City of Ocoee
Florida Realty Analysts. Inc.
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ORLA_ 624457.1