Item #06 Approval of an Extension to the Time Allowed for Providing an Appraisal on City-owned Property on South Bluford Avenue1 4 k1 \ %/�
florida
AGENDA ITEM COVER SHEET
Meeting Date: June 17, 2014
Item # )
Reviewed By:
Contact Name: Al Butler, Support Services Department Director:
Contact Number: 407 - 905 -3100, ext. 1543 City Manager:
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Subject: Approval of an extension to the time allowed for providing an apprais city -owned property
on South Bluford Avenue. (District 3 — Johnson)
Background Summary:
At its April 15, 2014 meeting, the City Commission accepted an offer from Mr. Satish Somwaru of Help
My Auto, LLC, subject to certain terms and conditions, to purchase city property located on South Bluford
Avenue. Mr. Somwaru's interest in the property was for construction of a high -end automotive repair
facility. Among the imposed conditions are: (1) delivery of an appraisal of the property acceptable to the
city; and (2) subsequent revision of the offered purchase price to meet or exceed the appraised value.
Mr. Somwaru had 60 days from the date of the City Commission meeting, or until June 16, 2014, to
provide the appraisal. He then had 10 days from the date of the appraisal to modify his offer to be at
least as much as the appraised value. Alternatively, he could withdraw his offer.
Both the appraised value and Mr. Somwaru's decision to build an automotive repair facility on the site are
partly based on the cost of providing utilities and making other preparations for development. In addition,
the city seeks a permanent drainage easement that may impact the use of the property and its value. To
do the appraisal, the evaluator must compare the conditions at the site to those of other properties of a
similar nature that have recently sold; i.e., comparable sales. To make his decision, Mr. Somwaru must
understand how he would be able to use the property and how much it will cost before deciding to buy it
and at what price.
The city -owned property is not presently served by sanitary sewer in the adjacent right of way, so the
cost of connecting to the city's wastewater system must be factored into the appraisal. The appraiser
has asked the city and Mr. Somwaru's design engineer for cost information that would help him utilize
comparable sales information for similar sites that already have utility service. The time required to
compile the information and to conduct the subsequent design analysis will extend the time needed to
secure the appraisal. As a result, Mr. Somwaru has asked for an extension of time to July 7, 2014 to
provide the city with an acceptable appraisal. Staff does not see any issue precluding the city from
granting this three -week extension.
Issue:
Should the City Commission approve an extension of time for Mr. Somwaru to provide an appraisal of
the South Bluford Avenue property?
Recommendations
The Support Services Department recommends that the City Commission approve the extension of time
requested.
Attachments:
E -mail from Satish Somwaru asking for an extension of time. The specific date of July 7, 2014 was
established in a subsequent telephone conversation with staff.
Financial Impact:
The change in due date has no financial impact on the city except to facilitate the potential sale of the
property.
Type of Item: (please mark with an 'Y)
Public Hearing
Ordinance First Reading
Ordinance Second Reading
Resolution
X Commission Approval
Discussion & Direction
For Clerk's Dept Use:
Consent Agenda
Public Hearing
Regular Agenda
Original Document/Contract Attached for Execution by City Clerk
Original Document/Contract Held by Department for Execution
Reviewed by City Attorney
Reviewed by Finance Dept.
Reviewed by
Reviewed by
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N/A
N/A
N/A
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Butler, Al
From: info @benzfixer.com
Sent: Monday, June 09, 2014 12:38 PM
To: Butler, Al
Subject: S Bluford- Appraisal /Help My Auto, Satish Somwaru
Mr. Butler,
I am kindly requesting an extension of time for appraisal to be completed. I have faced some challenges
getting some information regarding site as well as appraiser getting it completed in a timely fashion.
Please extend this courteous of extension of time.
Best Regards,
Satish Somwaru
Help My Auto LLC.
Owner
321 219 9486 office
321 663 9486 cell
407 982 3387 fax
info6Z0benzfixer.com
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