title
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE A CONTRACT FOR SALE AND PURCHASE BETWEEN THE CITY OF POMPANO BEACH AND JOE TAYLOR AND LUCILLE TAYLOR, HEIRS OF THE ESTATE OF MAMIE J. TAYLOR, FOR THE PURCHASE OF PROPERTY LOCATED AT 420 NW 6TH STREET; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: $80,000)
staffcontact
(Staff Contact: Cassandra LeMasurier)
summary
Summary Explanation/Background:
Heirs Joe Taylor and Lucille Taylor of property owner Mamie J Taylor Estate have indicated a desire to sell the property identified as Broward County Property Appraiser (BCPA) folio 484235190440 (“Taylor Property”) located at 420 NW 6 Street, Pompano Beach, FL 33060 to the City of Pompano Beach for $80,000. The City intends to develop the Taylor Property as a mini-park to serve the neighboring community.
The property is a 5,720 square foot vacant lot, zoned Transit Oriented (TO) within the Downtown Pompano Beach Overlay District (DPOD). The property has a TO use designation of Mixed-Use Optional (MO), a TO density designation of Optional Residential 18-36 (OR 18-36) and a height designation of 35 feet. The 2022 BCPA Just/Market value for the property is $57,200. The BCPA information and aerial of the property is included as Exhibit 1 of Real Property Manager memo 22-007. A December 2021 broker’s price opinion included in the backup values the property at $81,167 based upon comparable sales in the area.
Origin of request for this action: Staff
Fiscal impact and source of funding: $80,000 Land Acquisition 001-9910-599.61-00
pagebreak1
strategicplan_emblem_field
pagebr
strategicplan_description_field