City Council Meeting
City of DeBary
Subject: Purchase Vacant Land Parcel in TOD
From: Roger Van Auker, TOD Marketing Director
Meeting/Hearing Date: November 4, 2015
( ) Ordinance
( ) Resolution
( ) Other
( ) Supporting Documents/Contracts
At the 10/21/15 Workshop staff was directed to move forward with the acquisition of certain vacant land parcels that are strategic with our planning efforts to obtain a larger parcel for the creation of a master stormwater facility.
651 S. US HWY 17-92 was listed for $180,000; we have been successful in negotiating a reduced purchase price of $165,000. This parcel will provide additional access to the master stormwater facility and provide additional 17-92 frontage. A deposit of $5,000, as earnest money, is required and is fully refundable within our inspection period.
The parcel’s prior use was a residential home and staff does not anticipate any contaminants with Phase I investigations. The contract provides for a 14 -day inspection period and can be canceled within that period for any reason.
Approve the contract to purchase the 1.02 acre site for $165,000.
City Council Action:
( ) Approved As Recommended
( ) Approved With Modification
( ) Disapproved
( ) Continued Date:
( ) Other