City Council Meeting
City of DeBary
Subject: Purchase Property at 450 S. Shell Road
From: Roger Van Auker, TOD Marketing Director
Meeting/Hearing Date: December 16, 2015
( ) Ordinance
( ) Resolution
( ) Other
( X ) Supporting Documents/Contracts
Purchase property at 450 S. Shell Road a 5.59-acre parcel for $350,000.
Staff was directed to move forward with the acquisition of certain parcels of land that are strategic with our planning efforts in the vicinity of the TOD Overlay District.
Staff has successfully negotiated a purchase price of $350,000. The purchase of this property will enable the City to engage other partnerships to advance the development of the TOD overlay area.
A deposit of $5,000, as earnest money, is required and is fully refundable within our 30-day inspection period.
Approve the contract to purchase the 450 S. Shell Road 5.59 acre site for $350,000.
City Council Action:
( ) Approved As Recommended
( ) Approved With Modification
( ) Disapproved
( ) Continued Date:
( ) Other