HomeMy WebLinkAboutItem #16 Consideration of a Revised Offer of $125,000 to Sell Property Located at 35 W. Geneva St. and 669 S. Cumberland Ave. by Roy and Victoria Sanderslk4R
0(
fIorida
AGENDA ITEM COVER SHEET
Meeting Date: October 7, 2014
Item # f C O
Reviewed By:
Contact Name: Al Butler, Support Services Department Director:
Contact Number: 407 - 905 -3100, ext. 1543 City Manager:
Subject: Consideration of a revised offer of $125,000 to sell property located at 35 W. Geneva St. and
669 S. Cumberla Ave. by Roy and Victoria Sanders. District 3 (Johnson)
Background Summary:
Property owned by Roy & Victoria Sanders at 35 West Geneva Street (Parcel No. 17-22-28- 6144 -04-
193, 13,271 SF) and 669 South Cumberland Avenue (Parcel No. 17- 22 -28- 6144 -04 -172, 14,299 SF) is
adjacent to city -owned property. The total size of the subject property is 27,570 SF, or about two- thirds
of an acre. Mr. & Mrs. Sanders have made an unsolicited offer to sell both parcels to the city for the
amount of $187,900.00. Along with their offer, which was conveyed on a standard residential contract for
sale and purchase, they provided an October 14, 2013 fee appraisal noting the market value of the
property as being $84,000.00. According to that appraisal, the property improvements include two
residential structures and a carport. Describing the smaller house (984 SF), the appraisal says, "The
improvements ... are in very poor condition, likely uninhabitable, and are recommended for demolition."
The larger home (1,344 SF) is in better condition, "is currently occupied, of wood -frame construction, and
in average condition for its age and likely has some remaining economic life." A portion of this structure
is on city -owned land.
The property offered for sale was previously the subject of an action by the City Commission on
December 3, 2009, when a portion of South Cumberland Avenue was vacated by Resolution No. 2009-
008. The effect of this resolution was to convey the right of way to the adjacent property owners, which
included the Sanders and several members of the Wingate family. As a result, the parcel with the
address of 669 South Cumberland Avenue is actually no longer on that public street and would be
landlocked if it were separated from the parcel at 35 West Geneva Street.
The initial offer to sell the property at a price of $187,900 was rejected by the City Commission at its
regularly scheduled meeting on September 16, 2014. Staff was directed to continue discussions and
seek a lower price. The sellers subsequently revised their offer.
Issue:
The City Commission has received an unsolicited offer by Roy & Victoria Sanders to sell property located
on West Geneva Street to the city at a proposed price of $125,000.00.
Recommendations
Staff has not identified any immediate use for the property and makes no recommendation regarding this
proposal. The Sanders have indicated that the current price proposal is their best and final offer and
they will seek to sell the property on the open market, if the city chooses not to accept the offer. Any sale
to a third party will likely involve removal of the structures in order to avoid the present title issue
regarding the location of part of one structure on city -owned property and the poor condition of the other.
Attachments:
None
Financial Impact:
The financial impact of any action regarding this offer is currently indeterminate.
Type of Item: (please mark with an x')
Public Hearing
For Clerk's Dept Use:
Ordinance First Reading
Consent Agenda
Ordinance Second Reading
Public Hearing
Resolution
Regular Agenda
Commission Approval
X Discussion & Direction
Original Document/Contract Attached for Execution by City Clerk
Reviewed by City Attorney
Reviewed by Finance Dept.
N/A
N/A
2