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11/5/1991
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11/5/1991
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Meetings
Meeting Type
Regular Meeting
Document Type
Minutes
Meeting Date
11/05/1991
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Deputy County Attorney Will Collins explained the background <br />as follows: About a year ago Public Works advised that they were <br />going to need a few more feet of right-of-way on 53rd Street at <br />U.S. 1. to widen the intersection. This is the intersection where <br />Indian River Boulevard meets U.S. 1. He said a title search <br />disclosed the subject property was involved in litigation with <br />twenty parties and it is now at the point where a judicial sale has <br />been ordered, which would take place at 11:00 today. Attorney <br />Collins was requesting authorization to bid on the property to have <br />an opportunity to purchase the property and avoid condemnation. He <br />said he did not know whether -we would be the successful bidder but <br />at least the property would be sold free and clear of all the liens <br />and would belong to one owner. The agenda item is a request to <br />authorize a bid of $17,000 for the property. <br />Commissioner Scurlock and Commissioner Bowman clarified that <br />$17,000 would be a "not to exceed" figure. <br />Commissioner Eggert asked what aggregate liens are on the <br />property and Attorney Collins said it was $170,000 but that it <br />would be sold free and clear of all liens. <br />Chairman Bird asked whether the intent is to bid on a portion <br />of the overall site that will be auctioned. <br />Attorney Collins stated the bid would be on the entire tract <br />because by taking out 21 feet for right-of-way it would probably <br />leave an unbuildable lot. <br />Commissioner Eggert asked what is the assessed value. <br />Public Works Director Jim Davis said staff determined a value <br />for the parent tract and came up with about $50,000 per acre in - <br />that area. <br />Attorney Collins explained that he had spoken to the attorney <br />representing the ninety percent owner and discovered that the owner <br />had paid $42,000 for his ninety percent interest a year ago. <br />Commissioner Scurlock asked how much that 21 feet is worth to <br />the County and Director Davis responded that it is worth the market <br />value plus any severance damage that may incur to the property. He <br />further explained that the $17, 000, in staff's opinion, is what the <br />21 feet is worth based on $50,000 per acre in that area. However, <br />in a bidding environment, people with certain interests may end up <br />bidding more; $17,000 was our authorized upper threshold. <br />Commissioner Scurlock felt that if we absolutely require the <br />21 feet and we must acquire that through this auction or through <br />subsequent condemnation, or at least through contract with the <br />owner, it would be better to submit a reasonable bid with the hope <br />of acquiring it and avoiding the other processes in the future. <br />29 <br />NOV 0 5 1991 GOOK 04 :L-0_ <br />
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