Subject:
Title
Approval, Re: Contract for Sale and Purchase from Robert Raymond Elser III and Brooke Cameron Elser for 5041 Frederick Avenue, West Melbourne, as an Advanced Acquisition for the Hollywood Boulevard Widening Project - District 3.
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Fiscal Impact:
FY 2024-2025: Constitutional Gas Tax $255,000.00
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 any closing documents that require recording in the Public Records related to the Contract for Sale and Purchase.
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Summary Explanation and Background:
The subject property is located in Section 06, Township 28 South, Range 37 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 have 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 Land Acquisition Office was contacted by Edgar Lopez, Attorney for the parcel owner, to inquire about the potential purchase of his client's property located at 5041 Frederick Avenue in advance of the future road widening project on Hollywood Boulevard.
The Owners provided an appraisal and appraisal invoice prepared by Tuttle-Armfield-Wagner Appraisal & Research, Inc., Member Appraisal Institute, dated January 28, 2025, with an appraised value of $255,000.00. The cost to the owner for the appraisal was $900.00. 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 va...
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