2015-0217 - RECOMMENDATION from Director Department of Public Works & Engineering, TO AMEND Motion #2014-1029, 12/3/14, Item 6 TO APPOINT two independent appraisers, inasmuch as the value of the City’s property is expected to exceed $1,000,000.00, Parcels SY14-086A, SY14-086B, SY14-086C, AY15-051 and KY15-073 - DISTRICT C - COHEN

SUBJECT: Amendment to Council Motion 2014-1029.  Parcels SY14-086A, SY14-086B, SY14-086C, AY15-051, and KY15-073

RECOMMENDATION: (Summary) It is recommended City Council amend Motion 2014-1029, which authorized the abandonment and sale of a 10-foot-wide water line easement and two 10-foot-wide prescriptive sanitary sewer easements, in exchange for conveyance of a ±375-square-foot water meter easement, and conveyance to the City of a 60-foot-wide right-of-way easement for the extension of West Main Street, from Loretto Drive to Yupon Street, all located within the 1410 Richmond Avenue Subdivision and/or Block B of the Re-Subdivision of Shively Carlson Addition, out of the Obedience Smith Survey, Abstract 696, to amend Item 6 of the motion to appoint the following two independent appraisers, Michael Urban and Gerald Teel, inasmuch as the value of the City’s properties are expected to exceed $1,000,000.00. Parcels SY14-086A, SY14-086B, SY14-086C, AY15-051, and KY15-073

SPECIFIC EXPLANATION:

By Motion 2014-1029, City Council authorized the abandonment and sale of a 10-foot-wide water line easement and two 10-foot-wide prescriptive sanitary sewer easements, in exchange for conveyance of a ±375-square-foot water meter easement, and conveyance to the City of a 60-foot-wide right-of-way easement for the extension of West Main Street, from Loretto Drive to Yupon Street, all located within the 1410 Richmond Avenue Subdivision and/or Block B of the Re-Subdivision of Shively Carlson Addition, out of the Obedience Smith Survey, Abstract 696.  Item 6 of the motion provided for the value of the City’s property interests to be established by an independent appraiser appointed by the Director of Public Works and Engineering. Thereafter, independent appraiser, Michael Urban, completed the appraisal and determined the value actually exceeds $1,000,000.00. Any sale of real estate or interest for which the value is estimated to exceed $1,000,000.00, per Section 2-241 of the Local Code of Ordinances, requires Council to appoint a minimum of two qualified appraisers, for the purpose of determining fair market value.

Therefore, it is recommended City Council amend Motion 2014-1029, which authorized the abandonment and sale of the subject property interests, to amend Item 6 of the motion to appoint the following two independent appraisers, Michael Urban and Gerald Teel, inasmuch as the value of the City’s property is expected to exceed $1,000,000.00.

Nancy P. Collins

Senior Assistant Director-Real Estate