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STATUS REPORT — PURCHASE OF SITE FOR GROUND STORAGE TANK - SOUTH <br />1 <br />BEACH WATER SYSTEM IMPROVEMENT PROJECT <br />The Board reviewed staff's memo: <br />TO: The Honorable Members of DATE: April 29, 1982 FILE: <br />the Board of County Commissioners <br />SUBJECT: Status Report Re: <br />Property Acquisition(Ground <br />Storage Tank'Site) ' <br />FROM:'`` REFERENCES: <br />David L. Greene <br />Assistant County Administrator <br />DESCRIPTION AND CONDITIONS <br />County Staff and representatives of Sverdrup & Parcel and Assoc- <br />iates, Inc. have had several discussions with Mr. Padgett concerning <br />the County's interest in purchasing property owned by him. The <br />property is needed for location of the Ground Storage Tank as part <br />of the South Beach Water System Improvement Project. An appraisal <br />of the subject property was performed by the Ed Schlitt Agency, <br />it is their opinion that the property's value is $110,000.00 or <br />$50,000.00 per acre for the 2.2 acre site under discussion. <br />It is the position of Mr. Padgett that the property is worth <br />-$175,000.00 for the total 2.2 acre site. Mr. Padgett has entered <br />into an agreement with a third party who has an option on the land, <br />the option will expire May 1, 1982. The third party as well as <br />Mr. Padgett indicate that they will accept $175,000.00 as an <br />agreeable purchase price for the land. <br />Staff is seeking Commission guidance as to whether or not the <br />Commission wishes us to continue discussions with Mr. Padgett for <br />the purchase of the property. <br />Engineer Robbins informed the Board that the last time he <br />had discussed this matter with Mr. Padgett, Mr. Padgett had <br />indicated that his original offer to the Commission was to agree <br />on an appraisal and whatever the appraised value turned out to <br />be, that would be the selling price; however, when the Commission <br />opted to include in their Motion grounds for negotiation, Mr. <br />Padgett then withdrew his original offer and indicated that since <br />the County had the right to negotiate, he had the right to <br />negotiate also. He then apparently entered into an option <br />agreement with a third party, <br />giving them the <br />first right <br />of <br />MAY 51992 <br />100 <br />ma 49 <br />PnE 6 5 <br />