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 Consequently, Resolution R-2014-023, approving the sale of subject property was repealed by the City Commission on November 5, 2014.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...
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