SUBJECT/RECOMMENDATION:
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Declare surplus for the purpose of sale, through Invitation to Bid 41-19, certain real property located in the vicinity of Overbrook Avenue and Pinellas Trail, said real property legally described as: that tract of land West of Lot 67, Block G of Sunset Point Second Addition, and East of the Railroad Right-of-Way, a subdivision according to the Plat thereof, recorded in Plat Book 8, Page 14, Public Records of Pinellas County, Florida, whereby the successful bidder will assemble this landlocked vacant lot with an adjacent property owned in fee title, with an express prohibition against the parcel becoming an uneconomic remainder. (APH)
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SUMMARY:
On December 18, 2018, the City of Clearwater acquired this landlocked vacant lot via foreclosure. Two of the three adjacent property owners to the parcel expressed interest in acquiring this piece of land to combine with their existing property.
This irregular shaped, landlocked parcel of land runs along the east side of the Pinellas Trail. Current ingress and egress from the parcel to a public street will require assemblage with adjacent owned lands.
An independent appraisal was performed on the property on March 18, 2019 by Jim Millspaugh and Associates. This appraisal report determined that the fair market value is $6,000.00. Per City Charter 2.01, real property declared surplus shall be sold to the party submitting the highest competitive bid above the appraised value whose bid meets the terms set by the Council and whose proposed use of the property is in accordance with the Council’s stated purpose for declaring the property surplus.
City staff support declaring the property surplus and recommend council’s terms will require the successful bidder of the landlocked parcel be restricted to adjacent property owners in fee title.