HomeMy WebLinkAbout2006 04 10 Informational Item 502 Property Appraisals
COMMISSION AGENDA
ITEM 502
CONSENT
INFORMATIONAL X
PUBLIC HEARING
REGULAR
April 10, 2006
Meeting
MGR/DEPT
Authorization
REQUEST: Public Works Department Providing the City Commission with Updated
Information on Property Appraisals.
PURPOSE: The purpose of this Agenda Item is to update the City Commission on the Property
Appraisals on City properties near the Public Works Building.
CONSIDERATIONS:
Staff received property appraisals on four parcels of City property in July, 2003. The
appraisals were performed by William Pardue of Land America Commercial Appraisal
Corporation. Two of the appraisals, A and B on the map, were updated at the direction of
the Commission as summarized below. Staff is working with our wetlands consultant to
revise and validate the wetland lines on parcels C and D prior to reappraising these parcels.
Parcel Acreage Location Zoning Usage July 2003 March 2006
Valuation Valuation
A 0.80 SE Comer of R-3 Vacant - Old $162,000 $284,000
Fairfax & 1 st (Multifamily) Water Plant site
St
B-1 0.64 NE Comer of R-3 Public Works $110,000 $238,000
Fairfax & 1st (Multifamily) GarageN ard
St.
B-2 0.23 lION. R-3 Public Works $80,000 $145,000
Flamingo (Multifamily) Office (with (with house)
house)
C 2.9 SW Comer of Part R-3/Part Vacant $380,000 Pending
Moss & 419 C-1
D 2.2 SE Comer of Part R-3/Part Vacant $300,000 Pending
Edgemon/419 C-1 (majority
wetlands)
Informational Agenda Item 502
April 10,2006
Page 2
An approximate geographical representation is shown below.
appraisals are updated. Staffis also working with the City Attorney office on the platted
planting strip bifurcating "B" as well as acquiring the vacant parcel adjacent to the east side of
"A". The City Commission can then decide which parcel(s) they may want to consider selling.
RECOMMENDATION:
This update is being provided to the City Commission for informational purposes.
ATTACHMENTS:
None
COMMISSION ACTION: