Subject:
Title
Approval, Re: Contract for Sale and Purchase from PMJL LLC for 5041 Martin Lane, West Melbourne, as an Advanced Acquisition for the Hollywood Boulevard Widening Project - District 3.
End
Fiscal Impact:
FY 2022-2023: Impact Fees: Constitutional Gas Tax $200,000.00
Dept/Office:
Public Works Department / Land Acquisition
Requested Action:
Recommendation
It is requested that the Board of County Commissioners: 1) approve and authorize the Chair to execute the attached Contract for Sale and Purchase and, 2) authorize the Chair to execute all closing documents related to the Contract for Sale and Purchase.
End
Summary Explanation and Background:
The subject property is located in Section 06, Township 28 South, Range 36 East, on the west side of Hollywood Boulevard in West Melbourne.
On November 1, 2005, the Board of County Commissioners allocated partial funding for this project for early right-of-way acquisition as a part of the Local Option Gas Tax bond resolution. As such, staff has looked for opportunities to purchase needed land from willing sellers, as in this case. The purpose of advanced acquisition on the Capital Improvement Project is to mitigate the potential of more costly eminent domain later.
The Public Works Department was contacted by Lawrence Cooper, Manager of PMJL LLC, owner, to inquire about the purchase of his home located at 5041 Martin Lane in advance of the future road widening project on Hollywood Boulevard.
The Owners provided an appraisal prepared by Tuttle-Armfield-Wagner Appraisal & Research, Inc., Member Appraisal Institute, dated May 25, 2023, with an appraised value of $200,000.00. The cost to the owner for the appraisal was $695.25. If terms are accepted by the Board, the owner is requesting reimbursement for the appraisal cost at closing. Staff has no objections to the appraised value as established by the appraisal.
The PMJL property has been identified as a property located in the area of needed parcels fo...
Click here for full text