PLACEMENT: Consent
TITLE:
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APPROVAL OF A CONTRACT FOR ACQUISITION OF ALL OF BLOCK 8, OLYMPIA PLAT NO. 1, HOBE SOUND AND ADOPTION OF A RESOLUTION APPROVING AND ACCEPTING A WARRANTY DEED FROM MARC R. GAYLORD, P.A.
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EXECUTIVE SUMMARY:
executive summary
This is a request for the approval of a contract for the acquisition of all of Block 8, Olympia Plat No. 1 in Hobe Sound for stormwater purposes as part of a redevelopment project and adoption of a resolution approving and accepting a Warranty Deed from Marc R. Gaylord, P.A., a Florida corporation.
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DEPARTMENT: Public Works
PREPARED BY: Name: Colleen J. Holmes, CLA
Title: Real Property Coordinator
REQUESTED BY: Susan Kores, Office of Community Development Manager
PRESET:
PROCEDURES: None
BACKGROUND/RELATED STRATEGIC GOAL:
* Documents Prepared by: Real Property Division
* Parties: Martin County, Buyer
Marc R. Gaylord, P.A.,
a Florida corporation, Seller
* Purpose: Acquisition of property for stormwater
* New/Renewal/Modified: New
* Duration: Perpetual
* Benefits to Martin County: Stormwater management
* Costs to Martin County: $60,000 plus closing costs
paid by CRA
Block 8, Olympia Plat No. 1 is located between SE Vulcan Avenue and SE Dixie Highway in Hobe Sound. The owner, Marc R. Gaylord, P.A., a Florida corporation, purchased the property in 2005 for $110,000 and has offered to sell the property to the County for $60,000. The purchase of this property is being funded by the Community Redevelopment Agency (CRA) as a part of a redevelopment project that will utilize the property for stormwater purposes. The property will be titled to the County as it is surrounded by County right-of-way and following its utilization in the CRA stormwater project, this property will have no future redevelopment purpose and will be maintained by the County.
The Hobe Sound Neighborhood Advisory Committee and the Community Redevelopment Agency ha...
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