The URL can be used to link to this page

Home My WebLink About2008 03 24 Public Hearing 501 First Reading of 2008-08 Authorizes Lease or Sale of 154 Lori Anne LaneCOMMISSION AGENDA ITEM 501 March 24, 2008 Meeting REQUEST: Mgr. / Att. / Dept. The City Attorney requests that the City Commission consider First Reading of Ordinance 2008-08 which authorizes the lease or sale of 154 Lori Anne Lane. PURPOSE: The purpose of this Ordinance is to authorize the sale and lease of 154 Lori Anne Lane pursuant to the City Charter. APPLICABLE LAW AND PUBLIC POLICY: 1. Florida Municipal Home Rule Powers Act. 2. Section 4.1.4, Winter Springs City Charter. CONSIDERATIONS: 1. The City Commission previously worked with Wyman Fields to rehab numerous housing units located on the West side of the City. These units were also converted to owner occupied units. 2. The City contributed part of the financing for the rehab of the units. The City's financing was secured by a second mortgage. Although Wyman Fields ran into organizational and financial trouble, the City successfully completed this important housing prof ect and eventually recovered its financial investment through the sale of Page 1 of 2 the units. 3. Additionally, during the prof ect, the City negotiated additional collateral to secure its financial investment. The additional collateral included a mortgage on the unit located at 154 Lori Anne Lane, which was owned by Wyman Fields but not part of the rehab project. 4. On or about March 17, 2006, the City successfully foreclosed on the unit at 154 Lori Anne Lane and took the property at a Sheriff's sale. 5. Subsequent to acquiring the unit, the City secured the unit and conducted repairs to make the unit suitable for occupancy. 6. At this time, the City Manager recommends that the unit be leased or sold. 7. Ordinance 2008-08 authorizes the lease or sale of 154 Lori Anne Lane pursuant to the City Charter requirement that the lease or sale of City land be done by ordinance. STAFF RECOMMENDATION: The City Manager and City Attorney recommend passing ordinance 2008-08 on First Reading and advertising the ordinance for Second Reading and adoption. ATTACHMENT: Ordinance 2008-08. 2. Property Appraiser Data Sheet. 3. Sheriff s Deed. COMMISSION ACTION: The City acquired the real property as collateral during the Wyman Field's affordable housing project. Page 2 of 2 ORDINANCE NO. 2008-08 AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF WINTER SPRINGS, FLORIDA, AUTHORIZING THE LEASE OR SALE OF CERTAIN REAL PROPERTY OWNED BY THE CITY AND GENERALLY LOCATED AT 154 LORI ANNE LANE, WINTER SPRINGS, PROVIDING FOR SEVERABILITY, THE REPEAL OF PRIOR INCONSISTENT ORDINANCES, AND AN EFFECTIVE DATE. WHEREAS, the City is granted the authority, under Section 2(b), Article VIII, of the State Constitution, to exercise any power for municipal purposes, except when expressly prohibited by law; and WHEREAS, the City is the owner of certain real property located at 154 Lori Anne Lane, Winter Springs, Florida; and WHEREAS, the City desires to lease or sell said property; and WHEREAS, section 4.14 of the City Charter requires the City to adopt an ordinance for any conveyance or lease of any land of the City; and WHEREAS, the City desires to authorize the lease or alternatively the sale of the property as set forth herein; and WHEREAS, the City Commission of the City of Winter Springs, finds that this Ordinance is in the best interests of the public health, safety and welfare of the citizens of Winter Springs. NOW, THEREFORE, THE CITY COMMISSION OF THE CITY OF WINTER SPRINGS HEREBY ORDAINS, AS FOLLOWS: Section 1. Recitals. The foregoing recitals are hereby incorporated herein by this reference. Section 2. The Property. The real property subject to the provisions of this Ordinance ("the Property") is described as follows: Property Address: 154 Lori Anne Lane; Tax Parcel # 34203052200000140; Legal description: LEG LOT 14, LORI ANNE ACRES REPEAT, according to the plat thereof as recorded in Plat Book 28, Page 25, Public Records of Seminole County, Florida. Section 3. Lease of the Property. The City Commission of the City of Winter Springs hereby authorizes the City Manager to lease the Property at a reasonable fair market rental rate. Said lease shall be in writing and shall be in a form acceptable to the City Manager and City Attorney. The term of any lease agreement City of Winter Springs Ordinance No. 2008-08 Page 1 of 2 shall not exceed one (1) year. However, annual renewals may be permitted if the Property is not sold pursuant to section 4 of this Ordinance. Section 4. Sale of the Property. In addition, if the City receives an acceptable offer to purchase the Property, the City Commission of the City of Winter Springs hereby authorizes the sale of the Property pursuant to the terms and conditions set forth in a Purchase and Sale Agreement. Said agreement shall be subject to final approval by the City Commission. Section 5. Repeal of Prior Inconsistent Ordinances and Resolutions. All prior inconsistent ordinances and resolutions adopted by the City Commission, or parts of prior ordinances and resolutions in conflict herewith, are hereby repealed to the extent of the conflict. Section 6. Severability. If any section, subsection, sentence, clause, phrase, word or provision of this Ordinance is for any reason held invalid or unconstitutional by any court of competent jurisdiction, whether for substantive, procedural, or any other reason, such portion shall be deemed a separate, distinct and independent provision, and such holding shall not affect the validity of the remaining portions of this Ordinance. Section 7. Not Incorporated into the Code. This Ordinance shall not be incorporated into the City Code Section 8. Effective Date. This Ordinance shall become effective immediately upon adoption by the City Commission of the City of Winter Springs, Florida, and pursuant to City Charter. ADOPTED by the City Commission of the City of Winter Springs, Florida, in a regular meeting assembled on the day of , 2008. JOHN F. BUSH, Mayor ATTEST: ANDREA LORENZO-LUACES, City Clerk Approved as to legal form and sufficiency for the City of Winter Springs only: ANTHONY A. GARGANESE, City Attorney First Reading: Second Reading: Effective Date: City of Winter Springs Ordinance No. 2008-08 Page 2 of 2 Seminole County Property Appraiser Get Information by Parcel Number Page 1 of 1 e s-". - 11 10.0 F! _ ' ~, f` .i lV ~ i[ ti• 5 ~~ ' .` t Dann JoHN®cN, CFA, ASA 1.0 t ~'`~. _ PROPERTY APPRAISER OAS 00-0000 P;' z.a. i e- ~ ~ ~~~~~ ~t ? r] G - _~~_ - ~~tt iSt6'S 3A :1 ~~ 3EMINOL~`QOUNTY F'L. , 1;'01E.F1rrsTt3T 4,0 a 7D (` ~ ~ ~ 9AMFOrtO. FL 32771.1468 ~ t.. 11 t'~ ' - 40x7-665-7506 5.0 ~ t~ t4 i:i > ,,SiM, , 1a 24 -~:Gi 3;a1~ _ 2008 WORKING VALUE SUMMARY Amendment 1 impact not reflected. GENERAL Value Method: Market Parcel Id: 34-20-30-522-0000-0140 Number of Buildings: 1 Owner: WINTER SPRINGS CITY OF Depreciated Bldg Value: $55,973 Mailing Address: 1126 E STATE ROAD 434 Depreciated EXFT Value: $0 City,State,ZipCode: WINTER SPRINGS FL 32708 Land Value (Market): $12,000 Property Address: 154 LORI ANNE LN WINTER SPRINGS 32708 Land Value Ag: $0 Subdivision Name: LORI ANNE ACRES REPEAT JusUMarket Value: $67,973 Tax District: W1-WINTER SPRINGS Assessed Value (SOH): $67,973 Exemptions: 80-CITY () Exempt Value: $67,973 Dor: 0103-TOWNHOME Taxable Value: $0 Tax Estimator Portability Calculator SALES 2007 VALUE SUMMARY Deed Date Book Page Amount Vacllmp Qualified Bll Amount; $0 ?007 Tax SHERIFF DEED 02/2006 06164 1306 $100 Improved No _ 2007 Taxable Value: $0 WARRANTY DEED 04/2000 03829 0631 $36,000 Improved Yes DOES NOT INCLUDE NON-AD VALOREM WARRANTY DEED 10/1989 02122 0278 $31,000 Improved No ASSESSMENTS Find-Comparable Sales within_ this Subdivision LEGAL DESCRIPTION LAND PLATS: Pick... Land Assess Method Frontage Depth Land Units Unit Price Land Value LOT 0 0 1.000 12,000.00 $12,000 LEG LOT 14 LORI ANNE ACRES REPEAT PB 28 PG 25 BUILDING INFORMATION Bld gld Type Year Fixtures Base Gross Living Ext Wall Bld Value Est. Cost SF SF New Num Blt SF 158 gg0 CB/STUCCO $55,973 $61,849 Building 1 SINGLE 1984 6 495 1 , Sketch FAMILY FINISH Appendage I Sgft SCREEN PORCH UNFINISHED / 144 Appendage I Sgft OPEN PORCH FINISHED / 24 Appendage I Sgft UPPER STORY FINISHED / 495 NOTE: Appendage Codes included in Living Area: Base, Upper Story Base, Upper Story Finished, Apartment, Enclosed Porch Finished,Base Semi Finshed Permits NOTE: Assessed values shown are NOT certified values and therefore are subject to change before being finalized for ad valorem tax purposes. "'* If ou recent) urchased a homesteaded ro ert our next ear's ro ert tax will be based on Just/Market value. http://www.scpafl.org/web/re_web.seminole_county_title?parcel=34203052200000140&c... 3/13/2008 r; ,, 1,c ~, . . yU'P NZ ~I56(^ a~~ ~~ l~irMi1ME Iti>N5f* f3.El1t ff CItJ(11IT Ca11nT liE1111f1JLE llRlfltY DK 061W Pp= 1306 - J3071 t>~sl GLERK• S J< eCK~6(H3'-~8A i~N1pFl1 OJ/t7/2006 1Ee3At3s PN NB FMS ta.3s BY t M1dM THI NDENTURE, made this 8th day of February A.D. 2006 between Donald F, ger, Shertff of Seminole County, Florida, party of the first part and City of r rings, party of the second part. W S,~y virtue of a certain Writ of Execution issued out of and under the seal o i uft Court of Seminole Couniy, Florida entitled City of Winter Springs, Flo Florida municipal corporation, Plaintiff vs. Wyman Fields Foundation, In ., Dofondant, diroctvd and deliverod to the Sheriff, commanding him, that of the 4nd chattels, lands and tenements of said defendant, he cause to be mad in moneys In said execution specified, the said Sheriff did levy on and seize state, right, title and interest which the saki defendant had of , in and to the pro HY ereineftar described; and on the 8thday of February A.D. 2006, sold the saki p at public auction on the steps at the West Door of the Seminole County Cou having first given public notice of the time and place of such sale, by advertise same in the Seminole Harald, an official newspaper published in Sanford, Se unty, Fbrida and in the manner prescribed by law. At this sale, the descr roperty was sold to the said party of the second part, for the sum of $80,000. , 1~@y being the highest bidder therefore, and that being the highest bid for same. p NOW THIS INDENTURE W 8 Sheriff of Seminole County, as of , pursuance of the statute in such cas the sum of money so bid as aforesaid, part by the said party of the second pa a these presents, the receipt whereof i bargained, sold and conveyed, and by the convey unto the said City of Winter Springs, right, title and interest, which the said defe property in the County of Seminole, Stat follows: ETH, that the party of the first part, as by virtue of the said execution and in e and provided, and in consideration of hand paid to the said party of the first t before the sealing and delivery of l!l acknowledged, hath granted, doth grant, bargain, sell and e second-part, all the estate, d in and to all that certain real e o ,F,~i la, known and described as Lot 14, LORI ANNE ACRES REPEAT, according to tht thereof as recorded In Plat Book 2B, Page 25, Public Records of Seminole County, Ior~dg~Address: 154 Eori Anne Lane, Winter Springs, Florida. (( ~ Book6164IPage1306 CFN#2006043588 TO HAVE AND TO HOLD said described property unto said party of the second part, his heirs and assigns forever, as fulty end absolutely as the saki party of the first part, as Sheriff of Seminole County, can or should convey by virtue of said execution and the laws relating thereto. IN WITNESS WHEREOF, the said party of the first part, as Sheriff aforesaid, has hereon et his hand and affbced his seal, this 8th day of February A.D. 2006. Sheriff Donald F. Edinger Seminole Cou orida Q Signed, Sealed an,~d v(~red in the presence ol~A/n1~ State of Florida C~ County of Seminole O Personally appeared be known, and acknowledged the exe4~1 expressed. ~t WITNES8 my hand and seal tl me, Sheriff Donald F. Edinger, to me well of the within deed for the purpose therein day of February A.Q. 2006. ~~ 0 ~~ Book61641Page1307 CFN#2006043588