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Declaration of County Owned Property Located on Oakhurst Drive as Surplus Property and Consideration of Purchase Offer Submitted by Brooksville Investment Group, LLC (Key #350934)
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BRIEF OVERVIEW
Hernando County owned Parcel Key No. 350934 is a vacant parcel consisting of 10,129 square feet that is located on Oakhurst Drive.
There is one offer to purchase the subject property on this agenda item . The offer is from Brooksville Investment Group, LLC for the sum of $4,000.00. Brooksville Investment Group is an adjacent property owner (Key # 420805). This is the second offer from this prospective buyer. Due to issues with obtaining title insurance with their previous offer in which a professional survey was requested, the buyer requested to reduce their offer amount so that they may obtain a professional survey. There are no contingent offers.
The Hernando County Property Appraiser's 2022 market value, based on 2021 qualified sales, is $4,457.00. The offer presented by Brooksville Investment Group, LLC is 90% of the Property Appraiser’s value.
Staff recommends the offer being made on behalf of Brooksville Investment Group, LLC in the amount of $4,000.00 be accepted. There are no contingent offers.
The legal description for this parcel is as follows:
A Tract 30 feet x 168 feet x 100 feet x 161 feet MOL in the West ½ of the NW ¼ of the NE ¼ in Section 15, Township 22 S., Range 18 E. in Hernando County, Florida, per ORB 1365, Page 251 Public records of Hernando County, Florida.
Property Appraiser’s Parcel ID: R15 422 19 0000 0060 0000
Property Appraiser's Key: 350934
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, Sale 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 Hernando County, declare Parcel Key No. 350934 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.