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 Sheryl White For The Sale Of A City Owned Vacant Commercial Lot, Parcel ID No. 514124071210, As Surplus Property For $5,000.00, Said Lot Located 75' West of 5401 Pembroke Road
Body
Staff Recommends: Approval of the Attached Resolution.
Explanation:
The Director of Real Estate had identified 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. 514124071210 (Washington Park Hallandale Add 25-29 B Lot 64 Blk C) consists of an approximately 25' x 100' vacant commercial lot located 75' west of 5401 Pembroke Road that was acquired in 2002 by certificate of title issued as a result of a foreclosure action by the City.
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 $19,950.00, the property may be sold without an appraisal.
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 Purcha...
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