Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Approving And Authorizing The Appropriate City Officials To Execute A Quitclaim Deed To The Entrust Group, Inc. FBO Zvi Rafilovich Roth IRA #7230011768 For The Sale Of A City Owned Vacant Commercial Lot, Parcel ID No. 514204010050, As Surplus Property For $21,500.00, Said Lot Located At 2221 Sheridan Street.
Body
Staff Recommends: Approval of the Attached Resolution.
Explanation:
In 2013 the Director of Real Estate identified a number of City owned vacant lots for classification as surplus property to be sold and Procurement Services conducted Sealed Bid Sale Number S-201 for the sale of the properties. The high bidder on three (3) of the properties, including the subject property, Parcel ID No. 514204010050, failed to close the transaction. Consequently, Resolution R-2014-023, approving the sale of subject property was repealed by the City Commission on November 5, 2014.
The Director of Real Estate subsequently identified the subject property as one of four (4) City owned vacant lots for classification as surplus property to be sold "AS IS" with conveyance by Quit Claim Deed.
Parcel ID No. 514204010050 (Liberia 1-34 B Lot 6 Blk 1) consists of an approximately 40' x 83' vacant commercial lot located at 2221 Sheridan Street that was acquired by quitclaim deed from Broward County in 1998 after it had escheated to the County for delinquent taxes in 1997.
City Charter Section 13.01., Sale of City-owned real property, states in Section (a) that any property which the city proposes to sell or otherwise dispose of must be appraised by one (1) independent, qualified appraiser. However, property which is listed by the Broward County Property Appraiser as having a value of not more than twenty-five thousand dollars ($25.000.00) may be sold or disposed of without an appraisal. If the appraiser values the property in excess of two hundred fifty thousand dollars ($250,000.00), a second independent appraisal is required and if the two appraisals differ by more than 25%, a third independent appraisal is required.
Based on a BCPA 2015 market value of $26,910.00, one appraisal was required, which was obtained from the appraisal firm of L. B. Slater & Company, who provided an estimated market value of $27,000.00.
The Director of Real Estate requested that Procurement Services issue an informal sealed bid for the sale of four (4) surplus City properties, including the subject parcel.
On February 6, 2015, Invitation to Bid Number S-204 for the Sale of Surplus Property was electronically advertised via BidSync in accordance with City's Purchasing Ordinance, Section 38.42(A). Subject property was also advertised for sale with signage posted on-site.
Sealed Bid Sale Number S-204 was opened at 3:00 P.M. on February 27, 2015 and resulted in written bids from three (3) bidders for Parcel ID No. 514204010050 as follows:
Zvi Rafilovich, Hollywood, FL $21,500.00
Michael Joshua, Miami Gardens, FL $ 2,000.00
Sheryl White, Miramar FL $ 100.00
The successful bidder must provide payment within forty-five (45) days following approval by the City Commission and is responsible for all closing costs, including, but not necessarily limited to, recording fees with payment in the form of a Cashier's Check, Official Check, or U.S. Postal Money Order at a closing to be held at a time and location selected by the City.
It is the sole responsibility of the successful bidder to claim the land parcel and make payment of the bid amount and all fees prescribed herein and the City assumes no liability for such claim.
Pursuant to Section 13.01 (b) and (c) of the City Charter, given that the subject sale is less than $250,000.00 and not beach, beachfront, park, or other recreational facility, the property may be sold upon a simple majority vote of the City Commission.
Given that a sale will return the property to the tax rolls and reduce the City's ongoing maintenance costs, the Director of Community and Economic Development and the Director of Procurement Services recommend that the City Commission approve and authorize the execution, by the appropriate City Officials, of a Quitclaim Deed for the sale of Parcel ID No. 514204010050 to The Entrust Group, Inc. FBO Zvi Rafilovich Roth IRA #7230011768 of Hollywood, Florida in the amount of $21,500.00.
Recommended for inclusion on the agenda by:
Dr. Wazir Ishmael, City Manager
Gus Zambrano, Assistant City Manager for Sustainable Development
Matthew Lalla, Director, Financial Services
Davon Barbour, Director, Community and Economic Development
Joel Wasserman, Director, Procurement Services