Fort Walton Beach Council agenda — 02-27-2007 workshop agenda — reading text

~ Pri tedNameof# 1 ~ l5 itness # 2 ( Sign ~ e Line~ e - Orbie E. Parks V~ PrintedNameof# (\ ro (\- e: oY\~ STATE OF FLORIDA ) COUNTY OF OKALOOSA ) The foregoing instrument was acknowledged before me this 21st day of February, 2006, by Donna R.Parks and husband, Orbie E. Parks, NOTARY: Select one of the following): who is personally known to me who has produced R-Del~E.~ S W-~ as identification and who did not take an oath. tA-~ My Commission Expires: MARY A. TRAVIS Notary Public. State 01 Florida Mv comm. expo Dec. 17, 2009 Gomm. No. 00 493858 BK: 2688 PG: 4689 EXHIBIT " A" - LEGAL DESCRIPTION BEGINNING AT THE SOUTHWEST CORNER OF LOT 17, BLOCK 1, FAIRVIEW HEIGHTS, PLAT BOOK 2, PAGE 127, OKALOOSA COUNTY, FLORIDA; PROCEED 3000'33" NGAZ 87. 0 FEET DIRECTIONS GRID AZIMUTH CLOCKWISE FROM NORTH = 0) ALONG LOT LINE; THENCE 273000' 33" NGAZ 97. 0 FEET; THENCE 183000' 33" NGAZ 107 FEET; THENCE 93000'33" NGAZ 97. 0 FEET; THENCE 3000' 33" NGAZ 20 FEET TO THE POINT OF BEGINNING.  126 COMPARABLE RESIDENTIAL ACREAGE SALE # 2 LOCATION: Dates Avenue Fort Walton Beach, Florida PARCEL #8: 09- 28- 24- 0000~0039- 0000 & 09- 28- 24- 0000- 0048- 0000 GRANTORS: TC Riggi"Holdings, L.L.C./ Charles & Ruby M. Head GRANTEE: City Plaza, L.L.C. DEED BOOKlPAGE: 2645/ 1149 & 2626/ 3793, Okaloosa County, , Florida SALE DATE: August 18, 2005 & June 13, 2005 SALE PRICES: 530, 000 & $ 110, 000 TOTAL SALES PRICE: 640, 000 SALE HISTORY: Parcel # 09- 28- 24- 0000- 0039- 0000 sold for $ 300, 000- . on August 16, 2004 [ OR Book 2556, page 2359]; it was also Quit Claimed on May 14, 2003 for $80, 000 OR Book 2438, page 1033]. LAND SIZE: 4. 59 Acres LAND SHAPE: Rectangular ROAD FRONTAGE: Dates Avenue TOPOGRAPHY: Mostly level & wooded with some wet. ZONING: RGB, Residential General Development, Okaloosa County. FUTURE LAND USE: 8R, 8uburban Residential. HIGHEST & BEST USE: Residential development. INDICATORS: PRICE/ACRE - 139, 434 VERIFICATION: Public records. COMMENTS: This property is located along the north side of Dates Avenue in west Fort Walton Beach. This sale represents two separate purchases of two Plaza, L.L.C. The larger adjoining parcels between June and August of 2005 by City three of the two parcels had changed hands a couple of times within the previous years prior to the date of the last sale. The sales pattern shows appreciation with each transaction. The sales appear to be arm' s length with the last sale obtaining to be 90% financing from a bank branch. About 10% of the property appears wetllow. Development is highly speculative with lot planning possibly limited.  iL~ * LL~ Jb~ D: 08/ 19/ 2005 @ 01: 13 PM, BK: 2645 PG: ~ i49 RECORDING: 6. 00 RECORDING ARTICLE V: $ 4. 00 DEED DOCSTAMPS $ 3710. 00 DEPUTY CLERK GDUNEVANT DON W. HOWARD, CLERK OF COURTS, OKALOOSA COUNTY FL 0 . ao Z=. Q., c.. ' J CD N\~V' o~ cl) t: t)G 1 j j PreDared bv and Return to: I j Mark Violette Mark A. Violette, P. A. 34990 Emerald Coast Parkway, Suite 403, Colonial Bank Centre Dest! n, Florida 32541 FHeNumber: MAV-05- 155 J t I I. J i Warranty Deed This Indenture, made, August 18, 2005 A.D. Between TC Riggi Holdillgs LLC,. florid. limited liability company, Formerly Known as Opus West,LLC whose post office address is: 6334 Augusta Drive, Destin,FL 32541 a limited liability company existing under tbe Jaws of the Slate of Florida, Grantor and City Plaza, LLC, . Florida limited liabDlty company, whose post office address is: 99 Eglin Parkway, NE,Suite 46, Fort Walton Beach, Florida 32457, Gmntee, Witnesseth, that the said Grantor, for and in consideration of the sum ofTen and No/lOO Dollars ($ 10.00), to it in hand paid 1 by tbe said Grantee, the receipt whereof is hereby acknowledged, has granted, bargained and sold to the said Grantee forever, the j following describM land, situale. lying and being in the Counly of Okaloosa, State of Florida,to wit: j BEGINNING AT A POINT 60 FEET NORTH AND SOO FEET WEST OF THE NORTHEAST CORNER OF LOT 14, BLOCK 6, SYLVANIA HEIGIITS SUBDIVISION, A SUBDIVISION OF OKALOOSA t COUNTY, FLORIDA. ACCORDING TO THE PLAT TIIEREOF RECORDED IN THE PUBLIC RECORDS OF SAID COUNTY; THENCE NORTII 225 FEET; THENCE WEST 700 FEET; THENCE SOUTH 225 FEET; THENCE EAST 700 FEET TO THE POINT OF BEGINNING, KNOWS AS LOTS J 6.7, S,9. IO, 1l, AND 11. j j 1 Subject to taxes for the current year, covenants, restrictions and easements of record, ir any. j j Parcel Identification Number: 09- 2S- 24-0000-OO39- 0000 And the said Grantor does hereby fully warrant the title to said land, and will defend the same against the lawful claims of all persons whomsoever. In Witness Whereof, the said Grantor has caused this instrument to be executed in its name by its duly authorized officer and caused its corpora Ie seal tu be affixed the day and year first above written. TC Riggi Holdings LLC, Formerly Known as Opus West,LLC Signed and Sellled in Our Presence: By: Q- r---. Gerald R.To_ ne dl ~~ JI3: Managing Member 11'10.-........._ ~ ~ ~"-' 1 1 P~~~ i WI...-......"_ ' State or Florida J, tt:.\ \- Mdh i j County of Okaloosa 1 The foregoing instrument was acknowledged before me this 18th day of August, 2005, by Gerald R. Tommasone, the Managing Member i of TC Riggi Holdings LLC, a Florida limited liability company, Formerly Known as Opus We.~ t, LLC, a Limited Liability Company, existing under the laV(. 1e ~ late of Florida, on behalf or the company. He is personally known to me or has produced a driver' s license s .~~\! j as identification. i ,~" v I' CFRCIA~ ve NOrARVS€At. 1 O~,.:. ' '= b OEUMl<Ev J. ! I.. l ~ . ti. .i:\:. CO"' MISSICW NtAlSm 7 .' '" ODo60864 a<$:' MYr.oMMISSION"- XPIAES Seal) QF ., OCT, 20, 2005 Notary Pub! i Notary Priol am.: ~ My Commission Expires: MIW- (JCcr\ CSS