PLACEMENT: Departmental
TITLE:
title
ADOPTION OF A RESOLUTION ACCEPTING THE TRANSFER OF A PARCEL FROM THE MARTIN COUNTY COMMUNITY REDEVELOPMENT AGENCY AND APPROVING THE SURPLUS AND SALE OF THE PARCEL TO THE VILLAGE OF INDIANTOWN FOR GOVERNMENT RECREATIONAL PURPOSES
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EXECUTIVE SUMMARY:
executive summary
Request adoption of a resolution accepting the transfer of a vacant parcel located in Indiantown from the Martin County Community Redevelopment Agency (MCCRA) to Martin County. The MCCRA has determined the subject property is no longer needed for redevelopment purposes following the dissolution of the Indiantown Community Redevelopment Area (ICRA) in 2018. Also included in this item is a request to designate the property as surplus and to approve the sale of the property to the Village of Indiantown (Village) for government recreational purposes at a price determined by the Board.
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DEPARTMENT: Public Works
PREPARED BY: Name: Carla T. Segura, FRP
Title: Real Property Manager
REQUESTED BY: George Stokus, Assistant County Administrator
PRESET:
PROCEDURES: None
BACKGROUND/RELATED STRATEGIC GOAL:
The MCCRA owns an approximately 1-acre vacant parcel located within the Village at 16870 SW Charleston Street, adjacent to Booker Park Athletic Field (the "Property").
The Property was previously foreclosed and titled to the lender Flaresco, Inc., which later merged with TD Bank. At the time of the foreclosure, the Property was encumbered by multiple liens, code enforcement violations and fines totaling more than $5,014,000. TD Bank successfully negotiated a reduction of the liens and fines to $10,000, contingent upon the MCCRA acquiring the Property for either community redevelopment or recreational purposes.
In 2011, the MCCRA acquired the Property at a total acquisition cost of approximately $79,900. This cost consisted of a purchase price of $24,900, closing costs of around $10,000, a $10,000 release of lien and $35,000 for the demo...
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