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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 1/2 of the NW 1/4 of the NE 1/4 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 ...
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