11/5/1991 - Laserfiche WebLink

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L Director Davis felt that was a good choice and explained that when the memo was written staff had no idea that anyone would show up at the courthouse to bid on this property. Commissioner Scurlock suggested that since conditions had changed we should modify the recommendation and authorize a reasonable bid. Chairman Bird was concerned whether, if we purchased the entire piece and took out what we need for right-of-way, would we have a saleable piece of property left. We should not buy more than we need for the right-of-way unless we have an ability to sell the remainder and get our money back. Commissioner Scurlock noted that we are faced with severance damages if, through the condemnation process, we render the property unusable, in which case we pay for the entire tract. Commissioner Eggert wished to clarify that someone had paid $42,000 a year ago. Attorney Collins explained the price had been $42,500 for ninety percent of the interest in the property, which extrapolates out to be approximately $53,000. Commissioner Bowman asked if we could condemn the property for that sumiand Director Davis said we could not take it through the court process for that sum. Chairman Bird pointed out that the buyer felt it was worth $150, 000 per acre if he paid fifty -some thousand dollars for three - tenths of an acre. Commissioner Scurlock asked if we have sufficient funds to make a bid higher than $17,000. Director Davis and County Administrator Chandler confirmed the funds are in the Boulevard North Account, and suggested a figure not to exceed $55,000. MOTION WAS MADE by Commissioner Scurlock, SECONDED _ by Commissioner Bowman to authorize Deputy County Attorney Will Collins to bid up to $55,000 for the subject property. Under discussion, Chairman Bird said we are not sure that taking 21 feet for right-of-way would render the rest of the property useless or diminish the value of the remaining property. He did not want to pay $55, 000 if, in the long run, the 21 feet for right-of-way could be purchased for the $17,000 recommended figure. Director Davis said the highest and best use of the property is RM6, six units per acre. The north -south dimension of the _ property is 150 feet. After taking 21 feet, the remainder would be 79 feet wide by 150 feet with frontage on an intersection which will be a critical intersection of two multi -lane roadways.