LEGISLATIVE ACTION ITEM
SPONSOR: Ashton J. Hayward, III, Mayor
SUBJECT:
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HAZARD MITIGATION GRANT PROGRAM (HMGP) GRANT - ACQUISITION OF PROPERTIES LOCATED AT 925, 927, AND 975 WEST LEE STREET
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RECOMMENDATION:
recommendation
That City Council authorize the purchase of 925 West Lee Street Parcel ID# 00-0S-00-9050-130-053 for $58,000; 927 West Lee Street Parcel ID# 00-0S-00-9050-110-053 for $110,000 and 975 West Lee Street Parcel ID# 00-0S-00-9050-090-053 for $140,000 for a total sale amount of $308,000 plus purchase additives and closing costs of $5,764 for a total amount of $313,764. Further, that the City Council authorize the Mayor to take all actions necessary to complete transaction.
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HEARING REQUIRED: No Hearing Required
SUMMARY:
As a result of the April 2014 natural disaster flood event, the City submitted applications via contract consultant (Arcadis) to the Florida Department of Emergency Management (FDEM) for public assistance through the State Hazard Mitigation Grant Program (HMGP). More specifically, an application was submitted to purchase residential properties located at 925, 927, and 975 West Lee Street that had been impacted by historical repetitive flooding issues and the application was approved by FDEM. The approved HMGP grant provides 100% cost reimbursement from the State to the City for the entire project.
The subject residential properties currently occupy a natural low area within a platted subdivision that has historical repetitive flooding issues since it was developed, due to the natural topography of the area. The project will consist of purchasing the properties at fair market value, demolishing them and constructing a stormwater retention pond in the vacated area to help alleviate flooding issues in the immediate neighborhood. New underground drainage infrastructure will also be installed to connect the new pond to the adjacent existing pond on the north side of Lee Street.
PRIOR ACTION:
None
FUNDING:
Budget: $ 328,104 HMGP Grant Award - Natural Disaster Fund
Actual: $ 58,000 Purchase Price, 925 West Lee Street
687 Purchase Additive
450 Recording Fees and Title Insurance
110,000 Purchase Price, 927 West Lee Street
855 Purchase Additive
727 Recording Fees and Title Insurance
140,000 Purchase Price, 975 West Lee Street
2,145 Purchase Additive
900 Recording Fees and Title Insurance
$ 313,764 Total
FINANCIAL IMPACT:
Funding for this HMGP Grant Project is appropriated in the Natural Disaster Fund.
CITY ATTORNEY REVIEW: Yes
9/28/2018
STAFF CONTACT:
Keith Wilkins, City Administrator
L. Derrik Owens, Director of Public Works and Facilities/City Engineer
ATTACHMENTS:
1) Summary Appraisal Report, 925 West Lee Street
2) Summary Appraisal Report, 927 West Lee Street
3) Settlement Statement, 927 West Lee Street
4) Summary Appraisal Report, 975 West Lee Street
5) Location Map, West Lee Street
PRESENTATION: No end