HomeMy WebLinkAbout2005 04 11 Informational 305 Property Appraisals on City Properties
COMMISSION AGENDA
ITEM 305
CONSENT
INFORMATIONAL X
PUBLIC HEARING
REGULAR
April 11, 2005
Meeting
MGR f/~ /DEPT j/f/
Authorization
REQUEST: Public Works Department Providing the City Commission with Information on
Property Appraisals.
PURPOSE: The purpose ofthis Agenda Item is to update the City Commission on the Property
Appraisals on City properties near the Public Safety 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. A summary of the appraisals is listed below. Staff represented to the City
Commission in July of 2004 concerns about the validity of the wetlands line and the
consensus was to redo the appraisals for Parcels C and D with the revised wetlands line.
However, further investigation revealed that the wetlands line used was the most recent and
valid line based on confirmation by the Army Corp of Engineers in June of2000.
Parcel Acreage Location Zoning Usage Valuation
A 0,80 SE Corner of R-3 (Multifamily) Vacant - Old $162,000
Fairfax & 1st St Water Plant site
B-1 0.64 NE Corner of R-3 (Multifamily) Public Works $110,000
Fairfax & 1st St. Garage/Y ard
B-2 0.23 110N. R-3 (Multifamily) Public Works $80,000
Flamingo Office (with house)
C 2.9 SW Corner of Part R-3/Part C-l Vacant $380,000
Moss & 419
D 2.2 SE Corner of Part R-3/Part C-l Vacant (majority $300,000
Edgemon/419 wetlands)
Informational Agenda Item 305
Aprilll,2005
Page 2
An approximate geographical representation is shown below.
Wfi!'A"':E.~~ ICr-~
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The ACOE wetland delineation expires in June of 2005 and staff is in the process of
trying to get an extension to the Corps delineation. Staff will advise the City Commission
when or if the wetland line is revalidated. The City Commission can then decide which
parcel( s) they may want to consider selling and the appraisals updated for those parcels.
RECOMMENDATION:
This update is being provided to the City Commission for informational purposes.
ATTACHMENTS:
None
COMMISSION ACTION: