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Declaration of County Owned Property Located on Treiman Boulevard as Surplus Property and Consideration of Purchase Offer Submitted by Michael A. Huntington (Key #1586091)
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BRIEF OVERVIEW
Hernando County owned Parcel Key No. 1586091 is 15,324 square feet and is located on Treiman Boulevard.
There is one offer to purchase the subject property of this agenda item from Michael A. Huntington for the sum of $14,000.00. There are no contingent offers.
The Hernando County Property Appraiser’s market value on this property is $13,485.00. The offer presented by Michael A. Huntington is 104% of the Property Appraiser’s market value.
Staff recommends the offer being made on behalf of Michael A. Huntington for the sum of $14,000.00 be accepted.
The legal description for this parcel is as follows:
Ridge Manor Estates, Unit 2 BLK 24 Lot C-50
according to the plat thereof, recorded in Plat Book 10
Page 7, of the Public Records of Hernando County, Florida
Key # 1586091 Parcel # R36 122 21 0870 0240 C500
FINANCIAL IMPACT
If this contract is accepted, after closing (per FS 197.592) the proceeds will be deposited in Revenue Account No. 0011-3641061 General Fund, Sales of Surplus Land.
LEGAL NOTE
The Board is authorized to act upon this matter pursuant to Section 125.35, Florida Statutes and Art. VII, Section 2-170, Hernando County Code of Ordinances concerning disposition of Real Property.
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RECOMMENDATION
If the Board determines that the offer and terms serve the best interests of the County, declare Parcel Key No.1586091 as surplus and authorize the Chairman to sign any contracts conveying the property, as well as authorize the County Attorney's Office to prepare, or have prepared, the necessary documents to finalize the transaction and execute same on the Board's behalf including, but not limited to, a statutory deed.
It is recommended that the offer being made on behalf of Michael A. Huntington for $14,000.00 be accepted.