Agenda

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County Administrator's Report 9. 8.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	05/02/2019
Issue: Surplus and Sale of County-Owned Property Located at 1601 Success Drive, 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 Property Located at 1601 Success Drive, 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 County-owned property, located at 1601 Success Drive, in the Central Commerce Park, Phase 1:

A. Declare surplus the Board's real property located in the Central Commerce Park, Phase 1, specifically 1601 Success Drive (Lot 11); Account Number 12-0567-055;

B. Authorize an appraisal be performed to determine the current market value;

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

D. Add a stipulation to the sale of this property, 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 lot;
(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 the 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 the sale of this property, 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 5 lots within the Central Commerce Park, Phase 1, including the parcel located at 1601 Success Drive. The County has been approached by a potential buyer for this parcel. The sale of this parcel will be set at an amount equal to the appraised value to be determined upon the receipt of an appraisal authorized by the Board. The parcel will be sold via online public auction. The County does not have a need for this parcel.

BUDGETARY IMPACT:

Sale of this property will provide revenue for the Economic Development Fund (Fund 102).

LEGAL CONSIDERATIONS/SIGN-OFF:

All legal documents will be prepared by 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 Ordinance, Section 46.134.

IMPLEMENTATION/COORDINATION:

N/A

Attachments
Information Package - 1601 Success Drive
PLAT - Central Commerce Park, Phase 1
Declaration of Covenants, Conditions and Restrictions of Central Commerce Park