Exh 8AAGENDA ITUM #SA
JUNI;13, 200
CITY OF ATLANTIC BEACH
CITY COMMISSION MEETING
STAFF REPORT
AGENDA ITEM: Presentation of Appraisal for Land for the Hopkins Creek Detention
Pond and Authorization to Pursue Acquisition
SUBMITTED BY: Rick Carper, P.E., Director of Public Works
DATE: June 6, 2005
BACKGROUND: The City contracted with Lampe, Roy & Associates, Inc., a St.
Johns River Water Management District approved Land Appraiser,
to perform a new appraisal of the land required for construction of
the Hopkins Creek detention pond. The appraised value for the
two-acre parcel the City is seeking is X392,000.
Since the appraisal was completed, the City has been approached
by a private developer also interested in acquiring the land, solely
to provide an alternate access to a proposed re-development of the
Palms /Atlantic Arms apartment complexes. The proposed
access would connect Cornell Road to Aquatic Drive along Sunrise
Community Church's western and southern boundaries. The
developer expressed a willingness to sell the excess property not
required for this access to the City.
RECOMMENDATION: The Commission authorize Staff to begin negotiations with Sunrise
Community Church or the current owner for acquisition of the
designated parcel.
ATTACHMENTS: Lampe, Roy & Associates Appraisal Forwarding Letter
Overhead View of Subject Parcels
BUDGET: Funding for this acquisition is contained in the Stormwater Fund
470-0000-538-6300, Project PW0309.
REVIEWED BY CITY MANAGER:
AGENDA ITEM #SA
JUNE 13, 200
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LANiPE, ROY ~ ASSOCIATES, INC.
AYYRAlSERS • CONSULTANTS
4440 ML•RRIMAC AVENUE
dACKSOMIILLE, FLORIDA 322 ] 0
(004) 388.7020
FAX (904) 388.0298
May 27, 2005 -
Mr. Ricky L. Carper, P. E.
Director of Public Works/City Engineers
City of Atlantic Beach
1200 Sandpiper Lane
Atlantic Beach, Florida 32233
Re: Appraisal of Potential Hopkins Creek
Retention Pond, A Two Acre Tract
Located on the West Side of Aquatic
Drive, Atlantic Beach, Duval County,
Florida; Our File No. 3870
Dear Mr. Carper.
This is in response to your request.for an appraisal of the above referenced property. The
subject of this appraisal analysis is Sunrise Community Evangelical Free Church, Inc.,
located at 298 Aquatic Drive, Atlantic Beach, Duval County, Florida. A detailed discussion
of the subject will be found in later sections of this appraisal report.
The following narrative report contains data gathered during our investigation of the subj ect
property. This is to certify that we have no interest, contingent or otherwise, in this property
and the fee for formulating our opinion of value is, in no way, contingent upon our value
conclusions or final value estimates. Furthermore, the value conclusions and final value
estimates reflected herein are not based upon minimum valuations, specific valuations or
directed outcomes. -
Value estimates are subject to the definition of Market Value as set forth in this report, as
well as the General Assumptions and Limiting Conditions contained in theAddendum of this
report. To the best of our knowledge, this report complies with the Uniform Standards of
Professional Appraisal Practice (USPAP) as adoptedby the Appraisal Standards Board of the
Appraisal Foundation, the State of Florida and the Appraisal Institute.
After carefully studying and analyzing the data available as of the Date of Value, it is our
opinion, the Market Value of the subject as of Date of Value, was May 6, 2005.
AGENDA ITEM #3A
JUNE 13, 2005
LAMPE, ROY B2 ASSOCIATES, INC.
APPRAISERS -CONSULTANTS
Mr. Ricky L. Carper, P. E.
May 27, 2005
Page Two
THREE HUNDRED AND NINETY TVS'O THOUSAND DOLLARS
5392,000
Mr. Carper, we trust the enclosed information is of sufficient detail so as to clearly explain
and document our estimated value conclusions. However, if any additional information
pertaining to this analysis is needed, or if we mightbe of any further assistance to you in this
matter, please do not hesitate to call on us.
Respectfully Submitted,
LA.MI'E, ROY & ASSOCIATES, INC.
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Michael C. Roy, MAI, S
State Certified General Real
Estate Appraiser No. RZ140
/hlb