TO: Honorable Mayor & Members of the North Port Commission
FROM: A. Jerome Fletcher II, ICMA-CM, MPA, City Manager
TITLE: A Resolution of the City Commission of the City of North Port, Florida as the Governing Body of the North Port Road and Drainage District, Authorizing the Purchase of Real Property Located on Irdell Terrace and Described as Tract R, 51st Addition to Port Charlotte Subdivision, Sarasota County Property Appraiser Parcel Identification Number 1141260522; Incorporating Recitals; Providing for Filing of Documents; Providing for Conflicts; Providing for Severability; and Providing an Effective Date.
Recommended Action
Approve Resolution No. 2024-R-25 as presented.
Background Information
The Department of Public Works seeks to purchase Tract R, 51st Addition, parcel identification number 1141260522 on Irdell Terrace from property owner Qin Qiao for stormwater maintenance. This property is crucial to the City’s stormwater system as it contains outfall ditches that collect stormwater from nearby areas and directs it to a retention area. Although originally designated as park land, it was transferred to a private owner. Purchasing this property will allow the City to access and maintain the stormwater system. Staff may also explore and recommend other uses for parts of the property, such as the previously designated park land and a wooded area, or possibly sell them later.
A purchase price of $115,000 has been negotiated with Mrs. Qiao, although the property was valued at $195,823 by way of a Broker’s Price Opinion.
Resolution No. 2024-R-25 has been reviewed by the City Attorney and is legally correct as to form.
Strategic Plan
Infrastructure & Facilities Integrity
Financial Impact
Funding in the amount of $115,000.00 is available in the Fiscal Year 2024 Road and Drainage District Budget, account number 107-5000-541.61-00, Capital Project R22RDD.
Procurement
Purchase of property will be pursuant to Sec.2-403 (a)(3)c of the City of North Port Procurement Code - Real property, real estate brokering, or appraising.
Attachments:
1. Resolution
2. Brokers Price Opinion
3. Property Information Sheet
4. Map
Prepared by: Rita Puglise, Real Estate Coordinator
Department Director: Chuck Speake, Public Works Director