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County Administrator's Report 13. 36.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	09/24/2015
Issue: Surplus and Sale of County-Owned Properties Located in the Central Commerce Park, Phase 1
From:	Stephan Hall
Department:	Asst County Administrator
CAO Approval:

RECOMMENDATION:

Recommendation Concerning the Surplus and Sale of County-Owned Properties Located in the Central Commerce Park, Phase 1 - Stephan Hall, Budget Manager, Management and Budget Services

That the Board take the following action concerning the surplus and sale of real properties located in the Central Commerce Park, Phase 1:

A. Declare surplus the Board's real properties located in the Central Commerce Park, Phase 1, specifically Lot 5 (1630 Success Drive, Account Number 12-0567-035); Lot 6 (1640 Success Drive, Account Number 12-0567-030); and Lot 7 (1650 Success Drive, Account Number 12-0567-025);

B. Authorize an appraisal be performed on all three lots to determine the current market value;

C. Authorize the sale of the properties to the bidder with the highest offer received at or above the minimum bid, which will be set at the appraised value;

D. Add as a stipulation to the sale of these properties that the buyer abide by the covenants existing in the Central Commerce Park including:

(1) Obligation to have detailed plans and specifications approved by an Architectural Review Committee;
(2) Duty to rebuild, repair or remove all damaged improvements and debris located within the lots;
(3) No lot shall be used for any purpose other than light manufacturing, warehouse, wholesale distribution, office or research and development facilities. Retail sales shall be limited to those that are ancillary to any of the purposes listed above; and
(4) Obligation to provide casualty insurance in an amount equal to the maximum insurable replacement value of all Improvements located on the Owner's lot.

The complete Declaration of Covenants, Conditions and Restrictions of Central Commerce Park is recorded in Official Records Book 5517, at Page 1390, of the Public Records of Escambia County, Florida; and

E. Authorize the County Attorney's Office to prepare and the Chairman to sign all documents necessary to complete sale of these properties, without further action of the Board.

BACKGROUND:

The Central Commerce Park, Phase 1 was purchased by the County and developed by federal and state grants with the intent to market the lots. The County currently owns 8 lots within the Central Commerce Park, Phase 1, including the three parcels located at 1630, 1640 & 1650 Success Drive. The County has been approached regarding a potential buyer for these three parcels. The sale of these parcels will be set at an amount equal to the appraised values to be determined upon receipt of an appraisal authorized by the Board. The parcels will be sold via online public auction.

The County does not have a need for these parcels.

BUDGETARY IMPACT:

Sale of these properties will provide revenue for the Economic Development Fund (Fund 102).

LEGAL CONSIDERATIONS/SIGN-OFF:

All legal documents will be 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 Ordinance, Section 46.134.

IMPLEMENTATION/COORDINATION:

N/A

Attachments
PA Detail Pages
Declaration of Covenants, Conditions & Restrictions - CCP
Plat - CCP