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COUNTY OWNED PROPERTY - 810 27TH AVENUE <br />The Board reviewed memo from General Services Director Sonny <br />Dean dated November 5, 1993: <br />DATE: NOVEMBER 5, 1993 <br />TO: HONORABLE BOARD OF COUNTY COMMISSIONERS <br />THRU: JAMES E. CHANDLER <br />COUNTY ADMINISTRATOR <br />FROM: H.T. "SONNY" DEAN, DIRE <br />DEPARTMENT OF GENERAL SERJS <br />SUBJECT: COUNTY OWNED PROPERTY - 810 27TH AVENUE <br />BACKGROUND: <br />In 1988, the County purchased a piece of property on the north east <br />corner of 8th Street and 27th Avenue to provide right-of-way for <br />widening that intersection. The lot had a house on it that was in <br />fair to good condition. <br />There was no immediate need for the remainder of this property after <br />the intersection construction was complete. Jim Davis wrote in <br />February, 1989 that he anticipated use of the land for additional <br />intersection renovation within ten to fifteen years. The Board <br />elected not to sell the property and approved staff's recommendation <br />to advertise and lease the house at $400.00 per month. This <br />arrangement continued until the end of August of this year, when the <br />tenant gave required notice and vacated the premises. Total monies <br />received to date is $19,800.00. <br />The property has been inspected by our maintenance people and <br />estimated repair cost to make the house suitable for leasing again is <br />approximately $4,300.00. Cost to demolish the house, dispose of the <br />debris, and general clean up of the lot is estimated to be <br />approximately $48000.00. <br />ANALYSIS: <br />Considering the monies already received and projecting revenue until <br />time of anticipated need for the property, it is estimated, we would <br />gross approximately $50,000.00 <br />RECOMMENDATIONS: <br />Since the subject property produces a positive flow of income and <br />anticipated use is at least five or six years in the future, it is <br />staff's recommendation to renovate the structure, and continue to <br />lease the house at a price of $450.00 per month. <br />General Services Director Sonny Dean further explained that <br />the renovation work will be done by County personnel. <br />Commissioners Macht and Tippin reported that they had received <br />complaints about the tenants, and Director Dean stated that the <br />tenants are gone. <br />17 <br />BOOK FAH <br />NOV 161993 <br />