Submitted By: Sean Lanier
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Presentation By: Tracy Taylor
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Department: Engineering
STAFF RECOMMENDATION (Motion Ready):
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Approve the Contract for Sale and Purchase of surplus parcel 2262-008-016 to Deonte Gary and Vineyard Investment Group, LLC
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OCALA’S RELEVANT STRATEGIC GOALS:
Quality of Place
PROOF OF PUBLICATION:
N/A
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BACKGROUND:
Staff seeks approval to sell Surplus Parcel #2262-008-016 which is 0.09 acres to Deonte Gary and Vineyard Investment Group, LLC at the current market value price of $5,880. The parcel is 40’ x 100’ or 4,000 square feet. The Broker’s Opinion of Value is based on recent similar sales in the area.
FINDINGS AND CONCLUSIONS:
Staff has reviewed the proposed sale and supports the transaction subject to City Council’s approval. Staff recommends approval.
FISCAL IMPACT:
The revenue generated from the sale will be deposited in account #001-364-000-000-16-36429.
PROCUREMENT REVIEW:
The Contract for Sale and Purchase has been reviewed by the Procurement and Contracting Officer for compliance with the City’s policy.
LEGAL REVIEW:
This Contract for Sale and Purchase has been reviewed and approved for form and legality by City Attorney, William E. Sexton.
ALTERNATIVE:
• Approve with Changes
• Table
• Deny