Agenda

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County Administrator's Report 10. 12.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	09/06/2018
Issue: Reduction of the Minimum Bid Required for Sale of Surplus Real Property Located at 6203 Montgomery Avenue
From:	Stephan Hall
Department:	Asst County Administrator
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Reduction of the Minimum Bid Required for Sale of Surplus Real Property Located at 6203 Montgomery Avenue - Stephan Hall, Budget Manager, Management and Budget Services

That the Board take the following action concerning reduction of the minimum bid required for sale of surplus real property located at 6203 Montgomery Avenue, due to the Property Appraiser's reassessed value:

A. Authorize the sale of surplus real property located at 6203 Montgomery Avenue, located in District 1, Account Number: 04-1298-000, Reference Number: 42-1S-30-2202-005-004, to the bidder with the highest offer received at or above the reassessed minimum bid of $15,000, in accordance with Section 46.134, of the Escambia County Code of Ordinances, without further action of the Board; and

B. Authorize the Chairman to sign all documents related to the sale.

BACKGROUND:

This property escheated to the County on May 6, 2016. The Board voted at its meeting on August 4, 2016, that upon the determination that the County does not need the property, the property would be declared surplus and could be sold (once the sales moratorium was lifted by the Board), to the bidder with the highest offer received at or above the minimum bid, to be set at the current assessed value by the Property Appraiser, in accordance with Section 46.134 of the Escambia County Code of Ordinances. The Property Appraiser has now reassessed and reduced their value to $15,000, because the house will require a substantial amount of repair. It has been determined that the County has no need for this property.

BUDGETARY IMPACT:

Sale of this property will provide revenue for the General Fund.

LEGAL CONSIDERATIONS/SIGN-OFF:

All legal documents will be drafted or approved as to form and legal sufficiency by the County Attorney's Office prior to execution by the Chairman. The purchaser will pay all closing costs.

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

Escambia County Code of Ordinances, Section 46.134.

IMPLEMENTATION/COORDINATION:

N/A

Attachments
Property Information - 6203 Montgomery Avenue