City of Pensacola Logo
Share to Facebook Share to Twitter Bookmark and Share
File #: 19-00174    Version: 1 Name:
Type: Legislative Action Item Status: Passed
File created: 3/29/2019 In control: City Council
On agenda: 5/16/2019 Final action: 5/16/2019
Enactment date: Enactment #:
Title: AIRPORT PROPERTY ACQUISITION - 3040 NEW HOPE ROAD
Sponsors: Grover C. Robinson, IV
Attachments: 1. Appraisal Report N219-0020, 2. Aerial Map, 3040 New Hope, 3. Purchase Contract, 3040 New Hope Road

LEGISLATIVE ACTION ITEM

 

SPONSOR:                         Grover C. Robinson, IV, Mayor

 

SUBJECT:

 

title

AIRPORT PROPERTY ACQUISITION - 3040 NEW HOPE ROAD                     

end

 

RECOMMENDATION:

 

recommendation

That City Council authorize the purchase of 3040 New Hope Road (Parcel ID# 161S290805000002) from LB Park LLC for $105,500 along with closing costs of $1,900, and 5% contingency in the amount of $5,370 for a total amount of $112,770.

end

body                

 

HEARING REQUIRED:  No Hearing Required

 

SUMMARY:

                                          

The property located at 3040 New Hope Road is a 0.88 acre vacant lot within a wooded area off of Spanish Trail.  It is totally surrounded by and only accessible via property owned by the Pensacola International Airport.  The Airport was contacted by the property owner (LB Park LLC) expressing an interest in selling the parcel. 

 

In an effort to prevent future access issues, and in effort to prevent the use of the property for a purpose that might be incompatible with the Airport, Airport Staff recommends the purchase of the same.  After discussions with the property owner, an offer was made based on a fair market value appraisal.  The offer was subsequently accepted by the property owner.

 

The purchase price, closing/miscellaneous costs, and 5% contingency are detailed in the estimated costs for the property.

 

PRIOR ACTION:                     

 

N/A

 

FUNDING:                     

 

     Budget:                     $   112,800                     

                                          

      Actual:                     $   105,500                     Purchase Price

                                                      500                     Title, Examination, and Issuance

                                                               500                     Recording and Doc Stamps

                                                               400                      Legal Fees

                                                               500                     Estimated Survey

                                          $   107,400                     Sub-Total

                                                   5,370                     5% Contingency

                                          $   112,770                     Total

 

FINANCIAL IMPACT:

                     

Sufficient funding is available in the Airport Fund Capital Improvement Account.

 

CITY ATTORNEY REVIEW:    Yes

 4/11/2019

   

STAFF CONTACT:

 

Christopher L. Holley, City Administrator

Daniel E. Flynn, Airport Director

 

ATTACHMENTS:

 

1)                     Appraisal Report N219-0020

2)                     Aerial Map, 3040 New Hope

3)                     Purchase Contract, 3040 New Hope Road

 

PRESENTATION:     No   end