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Declaration of County Owned Property Located on Cedar Lane as Surplus Property and Consideration of Purchase Offer Submitted by Krishna Achugatla and Sudha Doma (Key #369327)
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BRIEF OVERVIEW
Hernando County owns Parcel Key No. 369327, which is 10.0 acres, more or less, and is located on Cedar Lane.
An offer has been received to purchase the subject property of this agenda item from Krishna Achugatla and Sudha Doma for the sum of $150,001.00. There are no contingent offers.
The Hernando County Property Appraiser has assessed the market value of this property at $187,000.00. The offer from Krishna Achugatla and Sudha Doma represents 80.21% of the Property Appraiser's market value.
Staff recommends the acceptance of the offer from Krishna Achugatla and Sudha Doma in the amount of $150,001.00.
The legal description for this parcel is as follows:
Commence at the East 1/4 Corner of Section 31, Township 22 South, Range 20 E, Hernando County, Florida; Thence Along the North Boundary Line of The Southeast 1/4 of said Section 31, S 87?44 '04" W, A Distance of 1308.28 Feet To the West Boundary Line of the E 1/2 of the Southeast l/4 of said Section 31; Thence Along said West Boundary Line, S 00?50'53" E A Distance of 321.29 Feet to the East Right of Way of Cedar Lane; Thence Along said East Right Of Way, S 13?16'51" E A Distance of 53.24 Feet; Thence S 17?31 '24" E A Distance Of 128.82 Feet; Thence S 01?36'52" E Distance of 16.12 Feet; Thence Leaving Said East Right of Way, N 89?08'56" E A Distance of 359.06 Feet; Thence N 02?15'56" W a Distance of 267.16 Feet; Thence N 87?44'04" E A Distance of 907.17 Feet to the East Boundary Line of Said Section 31; Thence Along Said East Boundary Line, N 00?52'12" W a Distance of 255.64 Feet to the Point of Beginning, Containing 10.0 Acres, More or Less
Key # 1182892 Parcel # R31 422 20 0000 0170 0000
FINANCIAL IMPACT
If this contract is accepted, the proceeds will be deposited in the following account...
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