Agenda Item # 13.b.
City Commission Regular Meeting - 5:05 pm
- Meeting Date:
- 04/01/2024
- Re
- 1204 Avenue E - Surplus Property Development Agreement
- Submitted For:
- Nick Mimms
SUBJECT:
Resolution 24-R13 authorizing the execution of the sale agreement for 1204 Avenue E.
SUMMARY:
The City of Fort Pierce is the owner of real property located at 1204 Avenue E, identified by Parcel IDs: 2404-823-0007-050-7, with a legal description of: WALLACE`S S/D E 86 FT OF LOT 8-LESS N 150 FT AND LESS S 5 FT- (OR 4080-2366).
The property was declared surplus by the City on January 19, 2021, via Resolution 21R-10. The City Commission awarded the property on February 5, 2024, to Telco Investments, LLC for the development of a 3-bedroom, 2-bathroom fourplex multifamily home. The purchase price is $25,000.00.
The property was declared surplus by the City on January 19, 2021, via Resolution 21R-10. The City Commission awarded the property on February 5, 2024, to Telco Investments, LLC for the development of a 3-bedroom, 2-bathroom fourplex multifamily home. The purchase price is $25,000.00.
RECOMMENDATION:
Staff recommends approval to execute the Surplus Property Development Agreement for 1204 Avenue E.
ALTERNATIVES:
Staff shall proceed as directed by the City Commission.
RESPONSIBLE STAFF:
Miriam Garcia, Redevelopment Specialist
COORDINATED WITH:
Sara Hedges, City Attorney
Fiscal Impact
- Budgeted Y/N:
- N
- Fiscal Year:
- 2024
- Account:
- N/A
- Amount:
- 25,000
OTHER INFORMATION:
Purchase price $25,000
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| City Manager | Nick Mimms | 03/19/2024 04:05 PM |
| City Manager | Nick Mimms | 03/19/2024 04:06 PM |
- Form Started By:
- Miriam Garcia
- Started On:
- 03/05/2024 09:19 AM
- Final Approval Date:
- 03/19/2024