PLACEMENT: Departmental
TITLE:
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REQUEST FOR BOARD ACCEPTANCE OF A PROPOSAL FOR RFP2025-3672, FOR SALE AND DEVELOPMENT OF A SURPLUS-DESIGNATED COUNTY OWNED PROPERTY, LOCATED ON THE NW CORNER OF SW MARTIN HIGHWAY AND SW PALM CITY SCHOOL AVENUE
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EXECUTIVE SUMMARY:
executive summary
In accordance with Section 163.380, Florida Statutes, notice is hereby given that the Board is asked to review and accept a proposal for RFP2025-3672, for the sale and development of a County-owned property located in the Old Palm City Community Redevelopment Area (CRA) and to adopt a Budget Resolution to recognize proceeds of the sale pertaining to the property.
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DEPARTMENT: Public Works
PREPARED BY: Name: Carla T. Segura, RFP
Title: Real Property Manager
REQUESTED BY: Susan Kores, Community Development Director
PRESET:
PROCEDURES: None
BACKGROUND/RELATED STRATEGIC GOAL:
On November 2, 2023, the County purchased a 6.09-acre parcel in Old Palm City pursuant to Resolution No. 23-10.4, in the amount of $4,028,000 (inclusive of closing costs) with funds from General Fund Restricted Reserves.
In March 2024, the Board authorized a Budget Transfer of $800,000 from stormwater and road infrastructure funds for the maintenance of Danforth Creek, utilizing a portion of the County-owned property located west of SW Newberry Court. The District 5 MSTU provided a down payment of $250,000 towards the repayment of the property. The remaining principal balance owed to the General Fund is $2,978,000. An interfund loan resolution was established to repay the General Fund Restricted Reserves over a period of five years at zero percent (0%) interest.
On January 28, 2025, the Board approved a Preliminary Request for Proposal (RFP) to designate as surplus the County-owned parcel located in Palm City at the corner of SW Martin Highway and SW Palm City School Avenue, for sale and redevelopment pursuant to the CRA land development regulations for Old Palm City.
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