TO: Honorable Mayor & Members of the North Port Commission
FROM: Peter D. Lear, CPA, CGMA, Interim City Manager
TITLE: Discussion regarding the exchange of real property, located within the Myakkahatchee Greenway project, PID # 0969-06-2439 in exchange for City owned property PID # 0964-08-4517.
Recommended Action
Approve the exchange of real property, located within the Myakkahatchee Greenway project, PID # 0969-06-2439 in exchange for City owned property PID # 0964-08-4517.
Background Information
In January of 2015, following a discussion on the remaining lots located within the Myakkahatchee Creek Greenway to acquire, Commission approved the staff recommended steps to send a Letter of Interest to each (undeveloped) property owner, offering the current Sarasota County Property Appraiser's just value, seeking "Willing Sellers," with the goal to acquire as many of the 65 vacant properties as possible.
During the month of April 2015, letters were sent to all (undeveloped) property owners of the lots along the Myakkahatchee Creek remaining to be acquired to complete the Greenway Acquisition Program. The letter solicited willing sellers, offering the Sarasota County Property Appraiser's Just Value as a purchase price. The letter also offered an opportunity to exchange property for City owned property.
In the fall of 2015, the City contracted with American Acquisition, Inc. to continue the pursuit of willing property sellers. Subsequently, in of March of 2017, staff submitted the list of remaining vacant properties to Sarasota County to consider purchasing within the County's Park Preservation and Environmentally Sensitive Lands Programs, of which they are now in the process of seek willing sellers. However, American Acquisition was authorized to continue seeking willing sellers, should they be contacted. Consequently, American Acquisition received notification from Wade Jurney Homes requesting to exchange property located within the Myakkahatchee Greenway ...
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