Fort Walton Beach Council agenda — 01-07-12 retreat — reading text

ratio of 3. 0 and a residential density of 18 dwelling units per acre. An appraisal was conducted in May 2011 to determine the market value of the property. As the attached appraisal indicates the estimated value of the land is $ 380, 000 with environmental remediation or $ 170, 000 in an as is condition. If the property was on the tax rolls and still vacant at the remediated value the City would realize $ 1, 742 in ad valorem taxes in addition to utility taxes and water and sewer fees if improved. Although the property is surplus because the city acquired it through a code enforcement foreclosure and since the EPA is funding its clean up, it would not be opportune to put the property on the market at this lime. City Code Section Relatine to Surplus Property 2. 00. 05 City Excess Real Property: The city manager may, from time to time recommend to the city council the disposal of city real property which is unneeded for immediate or foreseeable future development/use requirements of the city. The city manager shall submit a report and recommendation to the city council for review and determination whether the parcel is unneeded for the immediate and f inure development/use requirements of the city and should be declared excess. No property shall be considered as unneeded for the immediate and future development /use requirements of the city if the city has any existing or projected development/ use for the property. The tern development /use as used herein excludes utilization for public utilities purposes which may be reserved to the city upon disposal of the property. 2. 00. 051 Disposition Procedures: Upon the city council determining the parcel to be excess real property, the city manager shall proceed with the procedures set forth below to dispose of such excess real property. The city manager shall secure one independent appraisal of the property by appraisers qualified to conduct appraisals for the State of Florida by general law. Any city real property declared to be surplus by the city council may be disposed of in a manner declared by the city council, including but not limited to sealed bid, auction and negotiated sale. The city manager shall cause written notice of intent to dispose of property to be sent to abutting property owners, if any, and advertised twice in the legal advertisement section in a newspaper having general circulation within the city; advising the date by which proposals or offers must be received. Once a contract for sale has been negotiated to the satisfaction of the city manager and proposed purchaser, the city manager shall cause said contract to be submitted to the city council for its review and approval. City Owned Properties PackeS Pg. 37  F44. 2. 00.052 Contract for Sale; Council Review and Approval: The city council shall review any proposed contract for sale and make a determination as to whether said contract is approved or disapproved. The city council shall approve by ordinance the conveyance of any land of the city. At any time before the city council approves any contract for sale, the city reserves the right to reject all offers, proposals or negotiated contracts for sale for excess real property. Once the city council approves a contract for sale of excess real property, the subject property may then be sold according to the terms of said contract_ Award shall be made based upon consideration of best price and utilization of the property and development for uses benefiting the city and its citizens, in the exclusive discretion of the city council. 2. 00. 053 Authority of City Employees: No action or statement by any city employee shall m be construed to be official action on behalf of the city in confirming any contract for sale, as m° the contract may only be confirmed by the city council. Persons interested in purchasing y property, which in order to facilitate the proposed development requires rezoning, are m advised that it is the city council that is empowered with the ultimate authority to rezone w a property. No employee of the city can guarantee the rezoning of the property in question. Persons interested in purchasing property, which in order to facilitate the proposed development requires a variance, are advised that it is the board of adjustment that is ° a empowered with the authority to grant variances. No employee of the city can guarantee the ; 0 success of an application for a variance. 2. 00. 054 Conditions Imposed: The city council may require the proposed purchaser submit i detailed site plans of proposed development in order to ensure that the property is developed in a manner that is consistent with the surrounding neighborhood, to which plans the nm purchaser shall be bound. The city council recognizes that each parcel of property is unique unto itself. In order to ensure each proposed purchase for development significantly contributes to the surrounding neighborhood and general needs of the city, the city council u reserves the right to place restrictions and covenants in the deed of conveyance which will o° n guarantee accommodation of the city's public utilities provisions and the public' s interest in D proper and timely development of the property consistent with city development standards. All restrictions and conditions imposed shall be covenants running with the land, violation of U which shall result in reversion of title to the city. c City Owned Properties Packet Pg. 38  4.4. b With the consent of Council, Councilman Base has relinquished the chair- - maaship of the Finance Committee in favor of Councilman Jones for con- sideration and recommendation of Attorney fees. Councilman Carnathan presented plat of unsubdivided parcel of land, which lies adjacent to both Bayou Woods and Bayou Subdivisioue, part of which has been excavated as a send pit. Owners of the property are willing to convey the send pit area as well as the adjoining lots in Bayou Subdivision to the City. Councilman Carnathan' s thought is that this property can be developed into a park. Kenneth Crowder, owner of approximately 2 acres in this tract will sell to the City for $2000. 00; Messrs. Stewart and Lindsey, owners of the remaining 3 acres of unsub- divided property, plus the lots, will sell for S8500. 00. Councilman Carnathan moved that this land be purchased by the City for the prices as set forth. Seconded by Councilman Bass. Vote eye, unanimous. Meeting was adjourned at 10: 15 P. M. AnoPTEn rf 9G eaBOVSn ra, n oi- or ATTEST: a / O0 1 Packet P¢ 39  4.4.c HUMPHREY AND ASSOCIATES, INC. COMMERCIAL REAL ESTATE VALUATION AND RESEARCH SD, raliz.1, In Unovded Para: InletSts S. 6 11 II s1Al,. lu Ve h It ll ph N1121( S Tle aI NOV = rN` 1: J 9r sae -.ni fed( - vlNpt va on IU 12 1x( 01. 1 MAlJ MA dDnmsn nom 6 ueGhio25' ataDl Com Ilillan Ori ... Ill Set.- .. rn0ed Gc,,, J Ah,11, er W R2 31")( 111 2nd Floor- Regions Bank Brie ng 1031 Le Salle Street 400 Racetrack Road NW TacksM1nville. Florida 3220] Fed Walton Beach, Florida 325474556 e e.. nno loe 1368 04G0 - September 12 20 II City of Fon Walton Beach Jr. Paul L. Fubanks. Purchasing Department ll b-tirade Strip Parkway SW For, Wuhan Beach, I lorida 37548 Re. Appraisal of 1 87 1 reesofvacmt residential land. 7- SFR Lots. Fort Wallon Beach, Okolooea County. Florida 11 S A Fite N° 110169, PO 9072823 Dcnr. Nlr. Eubanks: We have completed the rquired inspections, research, and analyses necessary to appraise the fee simple interest in the above referenced property- The nppmisal analyses are consistent with the scope of work dewHoined to be necessay_to derive a credible result. The accompany( ng appraisal report is a summary appraisal report. . I he purpose ofthc appraisal analysis was to develop an opinion of the market value of the subject properly. as Is:' as m of September s, 2011. a Y The i mended use ofthe appraisal will be dr, internal financial decisions. AOOthe, riseofthis report by any other entity n or per is amhorired. Market value. lee simple interest, leased fee interest, highest and hest use. and other pertinent tents are defined in the following report We have analysed the market entire ofthe subject property based on our estimate id 11), lushest and E best use of the subject land which was .speculutire ME, esrmeat far fimrre low Acresirr rerMentiul AervIr oneot 1. esritnuted to be the highest tin t hest nsejor the subject propeltv. " As It," av the use provides a ldgher reuno to the urrArrlcing Inrrd than aqn alhor all nrmb'ceA. Q Subject to the above and the asswnptions, limiting conditions, and certification set onto herein. it is our professional