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County Administrator's Report 10. 1.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	11/02/2017
Issue: Appraisals for Potential Acquisition of Forrest Creek Apartments
From:	Chips Kirschenfeld
Department:	Natural Resources
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Appraisals for Potential Acquisition of Forrest Creek Apartments - J. Taylor "Chips" Kirschenfeld, Natural Resources Management Department Director

That the Board take the following action concerning obtaining appraisals for the Forrest Creek Apartments:

A. Authorize staff to order appraisals for the potential acquisition of Forrest Creek Apartments on Patton Drive;

B. Authorize staff to share the appraisals with the current property owner to determine his interest in selling the property to the County; and

C. Authorize staff to bring the appraisals back to the Board for further discussion.

[Funding: Fund 124/Affordable Housing, Cost Center 370290]

BACKGROUND:

The Forrest Creek Apartments on Patton Drive have a history of numerous repetitive flooding events. The Board authorized staff to seek Federal Emergency Management Agency (FEMA) Flood Mitigation Assistance funding to purchase, demolish, and relocate the families. Staff has been notified that federal funds have been allocated for this project. Current appraisals are needed to determine the property owner’s interest in selling the property to the County.

BUDGETARY IMPACT:

Funding will be provided from Fund 124/Affordable Housing, Cost Center 370290. Ninety percent of the cost of appraisals is reimbursable by FEMA if the property is acquired and demolished.

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

Appraisals will be obtained through the Real Estate Division of the Public Works Department. This project will be managed by the County Natural Resources Management Department.

POLICY/REQUIREMENT FOR BOARD ACTION:

Board authorization to order property appraisals is required.

IMPLEMENTATION/COORDINATION:

Natural Resources Management staff will coordinate with Public Works and Neighborhood and Human Services Departments.

Attachments
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