Okaloosa County BOCC — April 15, 2014 — Foy Shaw Road Project SJPA_Sig Resolution_Appraisals_Land Purchase Agreement Letter — reading text

Rick Howard 5337 Ford Street Crestview, FL 32539 Re: Purchase Offer Letter dated March 11, 2014 and Subsequent Negotiations Dear Mr. Howard, Per your discussion today with Tracy Stage, Deputy Airports Director, please consider this correspondence as approval for a seven foot (7’) chain link fence to be included in the new Foy Shaw Industrial Parkway design and construction. The fence will run parallel with the new road. I am very happy to hear you and your wife, Mrs. Marsha Howard, have agreed to the sale of your 3.07 acres at the appraised value of $58,000. Airport staff will proceed as outlined in the March 11, 2014-Offer Letter. Should you have any questions, please do not hesitate to contact my office at 850-651-7160 ext. 4. Sincerely, Airpofts Director 1701 State Road 85 N Eglin Air Force Base, Florida 32542-1498 (850) 651-7160 FAX: (850) 651-7164 Exhibit B Q S| Ku ) Uy} wal | @ | @ N Flood Statement: — Ms 1S 10 GERTFY DUT | HUSE OO€OIED TE NATL noc” eiLRANCE RATE UAE NAUBER 12061C0179 H (COMMALRATY PANEL NO. 120173 0170 H) EFFECTIVE CATE DECEMBER 6. 2 3 2 1 1 SEASOE ENGREERING AND SURVEYING, LUC (SEAS) MAS NOT BEEN PROVOED A NTE ® \@ NESS Lee oestearY 15 et tad «tke SEASOE ENGR INO SRE ING UC (3 EN PeNOED 4 TE } ' \e Legal Descriptio FERFCHURD 4 SEARCH OF DE PUBIC RECLEDS CF ORALGOSA COUNTY, FLEROK : 4 egal Description: (ores parce, 3 . \ ee! ‘“ 2 2. BEARRIGS ARE STATE PLANE COOCRONATE SYSTEM, ALOROA NORTH 20K. NORTH R Bene. CS SEEDED 80 OPEN. RECORDS DOOR ITZ? ACEO) SE a omc PN Rance G3 MESH BOLGEA GOINTY, RoR ] = Mies “TE NORTHEAST 1/4 OF THE SOUTHREST 1/4 OF THE NORTHAEST 1/6 OF SECTION 14, HANEIO ANEMONE CE SAN AEE: el 5 Toms 5 NCHDK Pace 23 MEST. OCAIDOSA COUNTY, RORDA 1 TERE MAY BE A0OVTONAL RESTRCTONS 490 ELSELONTS HOT SDM x Ts Berane Tat unr Of Poune NRE PUBUC RECCEOS CF OKALOOSA COUNTY, : H = = FucROR 3 a) | / BESS s 1 OERGRENO ENROAONNTS. FN MERE NOT LOCATED. m : 4 SURIEY DATA DERCTED HEREGH MICH IS CUTSOE OF THE DESCREED pRorERTy SMO 23 aE EOS TS BAPSED MiPE FENCE * OCES Coe ad ‘OMVERS#P AND IS SHOWN STRICTLY FOR SEORWADONAL S8840'30'E S8840°30°E 872.00'— i 2. GRIPHICAL REPRESENTATION OF UTRITES, SGNAGE, AND SURVEY WOHLMENTS WAY BE DUGGERATED N SCALE FOR CURITY. | 3. i 2 ALL SEARNOS ISTANCES. AND CURVE NFCRUATON SHOMY HEREON RERLECT PLD 2 easueevEnts UNLESS OMERMSE NOTED 3 | Losanah Abbreviations: } ' egend: | Overall Parcel = PORER POLE 2 | HF | 10.15 Act of NE 1/4 - SHIR oO rene nor Renee: ye : < NW 1/4 & SET RoW ROO LB 47191 fA | Bl BRAD IConR HET SONCEENT, rae g, | he | Parcel "B” A Fano uaHT woo staKE ia tg a ~ Waesea ’ >: OMEMEAD ALECTMCAL UNE fe : Blueberry Avenue = EOP ! APPARENT a5" WOE PENRO: Bt 00 wee FENCE a ———t x rec te roe # } AH ia . | uy . @ — sxcrov mace ft 32 zit g ; é al Ea) iN & ei 32 FL 8 mG 3 3 — Ae > es $s ay £ Fe. 8 Bac 3 5/8 8 or H $ easly 5 Piao gs 32) 3 Bs 3 dee Hi . &: y “ j = e) : a > SECTION 14 DETAIL Lakeview Stree SE = BO z APPARENT 50° MOE PRESCOT i da E ! GE cai ei ee ae Eg Neeley a mah Basie ~ Fire 23/8. i ESLees! | eee | ne ae tp | ered .- ee “#2 Ay ; : = Ga ied 35) u | f aly | 5 | ialk stv neo : aE j H $01°36'30°W 11.00" oe prot S2840'30F [& ay a ! 673.47" J 8 Oe oe 134599" Y xl z 3 3 NBELOTT he eta ee aaa « Ps EG x Is ie rt ah Eee ! a i 7g 258 5 EI 2 : Legal Description: (pssca. «7 Legal Description: (arca 3") j (AS SURVEYED BY SEASOE ENGNEERNG AMD SURVETIG ULC) (AS SURVEYED BY SEASOE ENOMEERING AND SURVEYING LLC) A PARCEL OF LAND STUATED WY THE NORTEAST QUARTER OF TE SOUMINEST QUARTER OF DE NORTAAEST. QUARTER OF SECTON 14, “TOWNS SNORT RANGE 25 MEST. OKALOOSA. COUNTY, FLGROK AND BONG WORE PARTCLARLY CESCREED AS FELONS i Sa ARR ay RRS a i as i ie AE Sorzorw PONT OW A CURVE CONCAVE SOUTHAESTERLY AND HAWG A RAGUS OF 725.00 FEET: Fano LOM wtb stunt ca DEPARTING SAD TROUGH A CENTRAL ANGLE OF Bigs Soe 3 gg re eases SARS Dest Sa ted vest Nae ice 272425" EE es cece. eM, [irering\ 14-005 (Foy Show Prone) wegimgys, 2 @ , @ veseree 4s, 1 TANS I NR soul = aa 2 i — is vin 2;\@ 22s! a NEES IW ~ 544850" Bs Thee oF Samney BOUNDARY D Bay For Oraloowe OOO HUMPHREY Anp ASSOCIATES, INC. COMMERCIAL REAL ESTATE VALUATION AND RESEARCH Specializing in Undivided Partial Interests Appraisal Report 3.07+ Acres of Vacant Land Foy Shaw Road Project Crestview, Okaloosa County, Florida 2014 by Humphrey and Associates, Incorporated, a Florida for profit corporation. All rights reserved. No part of this publication may be reproduced, modified, rewritten, redistributed, either electronically or by any other means, without the express written permission of Humphrey and Associates, Incorporated. APPRAISAL REPORT SUBJECT PROPERTY 3.074 Acres of Vacant Land Foy Shaw Road Project Crestview, Okaloosa County, Florida EFFECTIVE DATE OF APPRAISAL February 12, 2014 REPORT DATE February 20, 2014 INSPECTION DATE February 12, 2014 CLIENT/INTENDED USER Mr. Tracy Stage Northwest Florida Regional Airport 1701 State Road 85 North Egiin AFB, FL 32542 H & A File M* 140023 PREPARED BY: Hillary Driscoll-Olds Walter H. Humphrey, MRICS HUMPHREY AND ASSOCIATES, INC. 906 Mar Walt Drive, Suite G State-certified General Real Estate Appraiser N° RZ 3120 (FL) State-certified General Real Estate Appraiser N° RZ 1218 (FL) Fort Walton Beach, Florida 32547 Telephone: (850) 862-0766 Facsimile: (850) 862-8991 HUMPHREY AND ASSOCIATES, INC. COMMERCIAL REAL ESTATE VALUATION AND RESEARCH Specializing in Undivided Partial Interests Bruce B. Humphrey, MAI, JD Walter Hi. Humphrey, MRICS : State-certified General Real Estate Appraiser N° RZ 1218 (FL) State-certified General Real Estate Appraiser No. RZ 742 MAIJO@msn.com BlueChip25@aol.com Hillary Driscoli-Olds State-certified Genera! Real Estate Appraiser N° RZ 3120 (FL) GeneralAppraiserOlds@gmail.com 906 Mar Walt Drive, Suite G 1031 La Salle Street Fort Walton Beach, Florida 32547-1556 Jacksonville, Florida 32207 Telephone: (850) 862-0766 Telephone: (904) 346-1944 Facsimile: (850) 862-8991 _ Facsimile: ___ (904) 346-1945 _ | cee +e AeA ae a aa es a me ES February 20, 2014 Mr. Tracy Stage Northwest Florida Regional Airport 1701 State Road 85 North Eglin AFB, FL 32542 Re: Appraisal of 3.07~ acres of vacant indusirial land, Crestview, Okaloosa County, Florida Ht & A File N® 140023 Dear Mr. Stage: We have completed the required inspections, research, and analyses necessary to appraise the fee simple interest in the above referenced property being acquired by Okaloosa County, and damages to the remainder, if any. The appraisal analyses are consistent with the scope of work determined to be necessary to derive a credible result. Note that the visual inspection was from nearby property, supplemented with County GIS aerial photography. The accompanying document is an appraisal report. It is not a restricted use appraisal report. The purpose of the appraisal was to estimate the compensation to the property owner for a partial taking of the subject property, including any possiole resulting damages or benefits to the property relative to the proposed taking by Okaloosa County. The intended use of the appraisal will be for reference in eminent domain decisions. No other use of this report by any other entity or person is authorized. Market value, fee simple interest, highest and best use, and other pertinent terms are defined in the following report. We have analyzed the market value of the subject property based on our estimate of the highest and best use of the subject land speculative investment for future industrial development is estimated to be the highest and best use for the subject property, "As Vacant", as the use provides a higher return to the underlying land than any other use analyzed... Subject to the above and the assumptions, limiting conditions, and certification set forth herein, it is our professional opinion that the market value of the fee simple interest in the subject property ‘taking’, “As Vacant,” as of February 12, 2014, is: Parcel Value Parent Tract Before Taking - 10 acres $190,000 Value of the ‘Taking’ - 3.07 acres $58,000 Parent Tract Less Value of the ‘Taking’ (rounded) $132,000 Parent Tract After ‘Taking’ $132,000 Damages to Parent Tract (Remainder) $0 Value of the ‘Taking’ $58,000 $58,000 Damages + Value of the ‘Taking’ Page...2. Mr. Tracy Stage Northwest Florida Regional Airport Eglin AFB, FL_32542 We hereby certify that we have no interest, present or contemplated, in the appraised property. The undersigned appraisers are competent for the property type under appraisement. This appraisal has been prepared utilizing all of the requirements set forth as standards for real estate appraisals established for federally related transactions by the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the State of Florida. The appraisal is in conformity with the standards for real estate appraisals as established by the Appraisal Foundation and its Appraisal Standards Board. The appraisal also conforms to the Uniform Standards of. Professional Appraisal Practice (USPAP) and your instructions. The fee for this appraisal was not based on value nor was the assignment undertaken based on a predetermined value, a trend in value, or a minimum or maximum value. Respectfully submitted, HUMPHREY AND ASSOCIATES, INC. Hillary Driscoll-Olds State-certified Genera! Real Estate Appraiser N° RZ 3120 (FL) a LoS ay A Po Walter H. Humphrey, MRICS State-certified Genera! Real Estate Appraiser N° RZ 1218 (FL) APPRAISAL REPORT This Appraisal Report is intended to comply with the reporting requirements set forth under Standards Rule 2-2(a) of the Uniform Standards of Professional Appraisal Practice for an Appraisal Report. As such, it represents appropriate discussions of the data, reasoning, and analyses that were used in the appraisal process to develop the appraisers’ opinion of value. Some supporting documentation concerning the data, reasoning, and analyses is retained in the appraisers’ file. The depth of discussion contained in this report is specific to the needs of the client and for the intended use stated below. The appraisers are not responsible for unauthorized use of this report CLIENT: Mr. Tracy Stage Northwest Florida Regional Airport 1701 State Road 85 North Eglin AFB, FL 32542 APPRAISERS: Hillary Driscoll-Olds State-certified General Real Estate Appraiser N¢ RZ 3120 (FL) Walter H. Humphrey, MRICS State-certified General Real Estate Appraiser N° RZ 1218 (FL) HUMPHREY AND ASSOCIATES, INC. 906 Mar Walt Drive, Suite G Fort Walton Beach, Florida 32547 SUBJECT PROPERTY: Legai Description NE 1/4 of SW 1/4 of NW 1/4, Section 14, Township 3 North, Range 23 West, Okaloosa County, Florida. Physical Location of Subject Property Parent Parcel - 5337 Ford Street, Crestview, 3.07+ acres improved with a mobile home, Okaloosa County, Florida, 32539. Tax ID # 14-3N-23-0000-0039-0010 (Parent Tract) The purpose of the appraisal analysis was to develop an opinion of the market value PURPOSE OF THE APPRAISAL: of the subject property, “As Vacant,” being taken, plus damages to the remainder, if any, as of February 12, 2014. INTENDED USE OF REPORT: The intended use of the appraisal will be for reference in eminent domain decisions. No other use of this report by any other entity or person is authorized. INTENDED USER: The intended user is the client stated above and regulatory authorities. This report is not intended or authorized for any other user or audience. PROPERTY RIGHTS APPRAISED: Fee simple interest in the subject property. EFFECTIVE DATE OF VALUE: February 12, 2014. DATE OF REPORT: February 20, 2014. DATE OF INSPECTION: Hillary Driscoll-Olds and Walter H. Humphrey inspected the property on February 12, 2014. DEFINITIONS: The following definitions are provided to assist the reader in understanding this appraisal report. Page 2 3.07 + Acres, - Industrial Land, Foy Shaw Road