VI (F) Discussion/ Action re: Results of Bid for Sale of Surplus Property AGENDA 3-4-97
Item VI I
MEMORANDUM
TO: The Honorable Mayor and City Commissioners of the City of Ocoee
FROM: Paul E. Rosenthal, Esq., City Attorney
DATE: February 28, 1997
RE: Bid No. B97-05, Sale of City Owned Surplus Real Estate
By Memorandum dated February 12, 1997, City Manager Ellis Shapiro has provided you
with information regarding the above-referenced bid. A copy of his Memorandum is attached.
Pursuant to the direction of the City Commission, Mr. Shapiro, Mr. Shira and I met with Tom
West to discuss the possible future use of a portion of the bid property in connection with an
extension of the West Orange Trail. In connection with these discussions, Mr. Shira advised
that a 60 foot wide right-of-way adjacent to the railroad right-of-way should be obtained in order
to he consistent with the width of the former railroad right-of-way on other lands owned by the
City.
After discussing several options with Mr. West, it was agreed, in concept, that the best
approach would be for the City to reserve in the deed of conveyance an unconditional right to
repurchase, for a term of three years, the aforementioned 60 foot wide strip. The repurchase
price would he on a gross square footage basis based upon the same gross square foot purchase
price paid by Mr. West to the City. In the event the City did not repurchase the referenced
portion of the bid property within three years, then the City would have no future rights with
respect to the property. The staff did not believe that there was a present need to retain title to
the 60' strip and reduce the current funds to be paid to the City. Also, an easement did not
appear to address future needs.
In the event the City Commission concurs with the above proposal and desires to award
the bid to Tom West, it is then recommended that the following action he taken:
That the Honorable Mayor and Board of City Commissioners
award Ocoee Site No. 2, identified as 102 West Ohio Street, to
Tom West for a bid purchase price of$84,100 with the condition
that the deed of conveyance reserve in favor of the City of Ocoee
a right to repurchase, for a term of three years, a 60 foot wide
strip of land adjacent to the railroad right-of-way with the
repurchase price being on a gross square foot basis based upon the
gross square foot purchase price paid by Tom West for the subject
property and with the final documentation for such right of
repurchase being acceptable to the City in its discretion, and
further, that the Mayor and City Clerk be authorized to execute all
necessary closing documents in connection therewith.
end.
cc: Ellis Shapiro
P.MM[WFR NIIlN4716,MEM 12/28/97118SIXA I PER:c I
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