AG 2016 11 21 - Laserfiche WebLink

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Memo To: Board of Commissioners and Mike Downs, County Manager From: Jonathan B. Marshall, Deputy County Manager CC: Kyle Bilafer, Area Manager; Rich Koch, County Attorney Date: 10/26/2016 Re: Rob Wallace Park Additional Properties Purchase The purpose of this memorandum is to outline the proposed purchase of additional property for Rob Wallace Park to replace the land sold to IPG and to aid in the construction /access for the park. One group of parcels, referred to as the Thompson land, consists of three parcels totaling 39 acres on the south side of Muddy Creek adjacent to the park. The second property is owned by the Wallace family and was purchased as they assembled property to provide and construct a new access to the park from Bethel School Road. That property is 3 acres. The Thompson tracts are currently under option for purchase by the Wallace family and that option is transferrable. The basic terms of the current option are for a payment of $260,000 at purchase with the remainder of the purchase price ($220,000) being paid over five years with 5% interest. The owner is elderly and has requested life time rights as well as 12 — 18 months for her son to vacate the property upon her demise. The proposal the County has discussed with the Wallaces (as the option holder), and through them with the owner, is for a payment of $260,000 at purchase with payments of $49,000 per year for five years beginning in FY 2017. This would be considered a no interest purchase and would total $505,000 which is the current tax value for the land. The terms of the life time rights would be the same except we are requesting only 12 months to vacate the property. The property is in the present use value program and the owner would be responsible for payment of the past 3 years taxes based on full property value. The second tract on Bethel School Road is small but is very important for access, utilities and future park use. The Wallace family paid $160,000 for the property in 2015 and has since had additional costs for taxes and insurance. The property exchange between the County and the Wallaces that resulted in the County owning the parcel on which Phase I of the park is being constructed included an additional amount owed to the County by the Wallaces of approximately $52,000. Staff has discussed a purchase proposal with Rob Wallace that would include payment by the County, after factoring in the $52,000 credit, of $110,000 for the land. Mr. Wallace would be responsible for removal of the mobile home on the property as the County cannot use that building for non - residential purposes. Since this purchase was originally proposed, the need for power and data right -of -ways across it to serve the park have been identified. Staff has also met with Town of Midland representatives to discuss the relocation of an approved Congestion Management and Air Quality grant project to this area. That grant would permit the Town, at their cost through the grant, to provide access to the park from the adjacent Saddlebrook residential development. Relocating that access across this property provides a more direct and much safer sidewalk access for residents into the park and would be a great benefit. We are requesting permission to finalize these property purchases. The specific request is to authorize the County Manager, with review and approval of the County Attorney, to complete the purchase of these properties under the general costs and terms outlined above. The funds for these purchases will come from the proceeds of the sale of the 40 acres to IPG. Attachment number 1 \n G -1 Page 199