SUBJECT/RECOMMENDATION:
Title
Declare surplus for the purpose of sale, through Invitation to Bid 01-19, Surplus Property-Engman Street, real property located at Greenwood Park No 2, Block D Lot 66; whereby the successful bidder will assemble the parcel with existing property creating a functional piece of property for use.
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SUMMARY:
On April 3, 1967, the City of Clearwater acquired this small remnant parcel via Tax Deed. The adjacent property owner expressed interest in acquiring this piece of land to increase the size of their property.
This strip of land runs along the west side of Douglas Ave and is approximately 25 ft. by 91 ft. Its size imposes limitations on potential land uses. Any meaningful development of the property will require the use of adjacent lands.
An independent appraisal was performed on the property on August 30, 2018 by Jim Millspaugh and Associates. This appraisal report determined that the fair market value is $2,275.00. 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.