Bill Type and Number: Ordinance 2007-104

Sponsor: The Council President at the request of the Mayor:

Date of Introduction: January 23, 2007

Committee(s) of Reference: F; TEUS

Date of Analysis: January 26, 2007

Type of Action: Property Acquisition Approval

Bill Summary: This ordinance approves the City of Jacksonville, through the Real Estate Division, exercising the Division’s Option to Purchase to acquire Parcel 100-4C for the Girvin Road Reconstruction Project. The executed Option is for the appraised amount of $210,000. The parcel is required and is needed to construct a retention pond for the Girvin Road Reconstruction Project. The project site, Girvin Road from Atlantic to Mt. Pleasant, is located in Council District 3. This is a Better Jacksonville Plan project.

Background Information: The acquisition of the parcel, Real Estate Number 162131-0050, on Girvin Road, is being acquired in accordance with the terms of the City’s Real Estate Division Option to Purchase executed by Marlon D. Rears and Gearl T. Rears, Stanley M. Baughman and Deborah M. Baughman (sellers). The Closing shall take place within sixty (60) days of the effective date of approval of this Option to Purchase by the City Council. The City shall pay the cost of title insurance, survey, appraisal, environmental reviews and recording fees. The seller agrees to pay and discharge all due and delinquent ad valorem taxes.

Policy Impact: Public Works/Real Estate Division

Fiscal Impact: The bill approves the City’s acquisition of a parcel of property with an appraised value of $210,000.

Analyst: Jackson