Agenda 08/11/2020 Item #16C1 (09/08/2020 Item #16F1B for 08/11/2020 Absentia)08/11/2020
EXECUTIVE SUMMARY
Recommendation to approve an Utility Easement Agreement with Olde Cypress Master Property
Owners Association, Inc., a Florida not-for-profit corporation, to accommodate the installation of a
12 inch force main. The total cost for this transaction will not to exceed $3,000.
OBJECTIVE: To acquire a Utility Easement from Olde Cypress Master Property Owners Association,
Inc., a Florida not-for-profit corporation, in order to install a 12-inch force main to connect to a 24-inch
force main along Immokalee Road.
CONSIDERATIONS: On March 10, 2020, (Agenda Item 11B) the Board of County Commissioners
awarded Agreement No. 19-7605, “Design-Build of Immokalee Road, Logan Boulevard and Vanderbilt
Beach Road New 24-inch Force Main Project.” (“Logan Boulevard Project”) Construction started in May
2020 and is planned to be completed in June 2021. This project will increase the capacity, reliability and
flexibility of the county’s existing wastewater system by allowing wastewater flows to be directed to
three of the four county wastewater treatment facilities.
The subject 12-inch force main is part of the Logan Boulevard Project and will be installed in the
proposed easement along the west side of Logan Boulevard from Immokalee Road to Treeline Road.
Because this is a design-build project, not all pipe alignments were not known at the time of award.
During the design phase, it was determined that the alignment associated with this easement provided the
best value.
Real Property Management’s in-house Real Estate Appraiser has determined the fair market value of the
easement we are seeking to acquire to be $2,350. Olde Cypress Master Property Owners Association, Inc.
has agreed to accept the appraised value for the easement. A copy of the appraisal is attached for
reference.
The Easement Agreement has been reviewed and approved by the County Attorney’s Office. The location
map is attached for reference.
Approval of the following documents by the County Manager is subject to formal ratification by the
Board of County Commissioners. If the decision by the County Manager is not ratified by that Board, the
document(s) shall be enforceable against Collier County only to the extent authorized by law in the
absence of such ratification by that Board.
FISCAL IMPACT: The total cost of the acquisition should not exceed $3,000 ($2,350 for the purchase
price and $650 for a title commitment, title policy, closing costs and recording of the documents). Funds
are available in Project No. 70233 within the Wastewater Capital User Fee Fund (414). Source of funds
is wastewater user fees.
LEGAL CONSIDERATIONS: This item is approved for form and legality and requires a majority vote
for Board action. -JAB
GROWTH MANAGEMENT IMPACT: There is no impact to the Growth Management Plan.
RECOMMENDATION:
1. Approve the attached Easement Agreement.
2. Authorize the Chairman to execute the Easement Agreement and any additional closing
documents, and accept the Utility Easement, once approved by the County Attorney’s Office.
08/11/2020
3. Authorize staff to prepare related vouchers and warrants for payment.
4. Direct the County Manager or his designee to proceed to acquire the Property and to follow all
appropriate closing procedures, to acquire and obtain clear title to the Property, and to record any
and all necessary documents (once approved by the County Attorney’s Office) in the Public
Records of Collier County, Florida.
Prepared By: Sonja Stephenson, Sr. Property Acquisition Specialist, Facilities Management Division
ATTACHMENT(S)
1. Easement Agreement (PDF)
2. Location Map (PDF)
3. Appraisal (PDF)
08/11/2020
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.C.1
Doc ID: 12988
Item Summary: Recommendation to approve an Utility Easement Agreement with Olde Cypress
Master Property Owners Association, Inc., a Florida not-for-profit corporation, to accommodate the
installation of a 12 inch force main. The total cost for this transaction will not to exceed $3,000.
Meeting Date: 08/11/2020
Prepared by:
Title: Property Acquisition Specialist – Facilities Management
Name: Sonja Stephenson
07/22/2020 12:21 PM
Submitted by:
Title: Director - Facilities Management – Facilities Management
Name: Damon Grant
07/22/2020 12:21 PM
Approved By:
Review:
Public Utilities Operations Support Joseph Bellone Additional Reviewer Completed 07/22/2020 12:37 PM
Public Utilities Planning and Project Management Zamira Deltoro Additional Reviewer Completed
Wastewater Steve Messner Additional Reviewer Completed 07/22/2020 1:48 PM
Facilities Management Damon Grant Additional Reviewer Completed 07/22/2020 2:15 PM
Public Utilities Planning and Project Management Tom Chmelik Additional Reviewer Completed
Facilities Management Toni Mott Additional Reviewer Completed 07/23/2020 9:22 AM
Public Utilities Department Dan Rodriguez Additional Reviewer Completed 07/27/2020 10:24 AM
Public Utilities Department Drew Cody Level 1 Division Reviewer Completed 07/28/2020 10:09 AM
County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 07/29/2020 8:20 AM
Public Utilities Department George Yilmaz Level 2 Division Administrator Review Completed 07/30/2020 12:35 PM
Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 07/30/2020 1:25 PM
Office of Management and Budget Laura Zautcke Additional Reviewer Completed 07/31/2020 2:23 PM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 08/03/2020 2:19 PM
Budget and Management Office Ed Finn Additional Reviewer Completed 08/04/2020 1:28 PM
County Manager's Office Leo E. Ochs Level 4 County Manager Review Completed 08/06/2020 9:12 AM
Board of County Commissioners MaryJo Brock Meeting Pending 08/11/2020 9:00 AM
PROJECT
ADDRESS
FOLIO No
Log.n Bhrd. FM
2415 LoC6n Blvd
6.625OOO265
EAAEIETT AGREEreNT
THls EASEMENT AGREEMENT (hGrrinariar refanEd to as th€ 'Agr€crncnr) B mede8nd cnbrld inb on thb dey of
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2020. by ind bettyocn OLD€CYPRESS IASTER pR-mw OmrenSTsSOCr,lrpi, ll{c.. a Ftorira nor_ror-profit comoratbn. (trereinafter rria-rrd to as "ofln€r). wtroce rneiling addr6E B c/oAllient Propcrty Meneg€rnent. LLC. a Flonde limit€d liabalrty corrpany. 13g31 voctor
4re . Fo.t [,t]€rs, FL 33907, end rE BOARD OF COUilTy C(iIiSStOilERS OFCOLUER COUTTY, FLORIOA, AS THE GOI'ERilITG BOOY OF COI LIER COI'I{TYAXO AS EXOFFICTO THE GOVERfllr{G BOARO OF THE COLUER COUilTYWATER€EWER USTR CT. (horsinafter t€fened to as "Courty"). who3e posl office
addreas b 3335 Tdyriemr Trait Eest. Suite tO1. N8pbs. FL 34.1i2.
WIIEREAS. Courty has r€qu€std tha O*ner conwy to th€ County a perpetuet,
nofl-cxdusive cG€rnont br rnitty purpG66. induding but not tinit€d to i;st8ifind; i2-
inch Force ilarn. operatrE, maintaining rGpsinne over, under. upon and acroas thelands descrbGd in Efiibit 'A" (hcr€imftcr rEfierrd to as the '.Easement.). wtli{$ is
attacrEd hGGto and made a perl of this Agr.ernent;
\ THEREAS. Orvrer deaircr to conv€y Ule property to County for ttre statedpurpcro3, on the E ms erd conditims s€t brth hcrein: and
_ WHEREAS. Courty haE agr€€d to cornpeNate Orrner ior conv€yanc€ of the
Easament:
NOW THEREFORE, in consireretbn cf thae premises. the sum of Ten Dollars
(31O 00), ard othor good and valr.rable conciieration. the receipt and sufEctdrcy ofwfii*r is hcrcby mutually acknou,lGdg€d. it is agr€Gd by and beiwoen tha partbs as
bllows:
Oimer shall conwy the Eescm€nt to County br the sum of E2,350. payable byCounty Werrant (said famacticn hereinafter rebn€d to as te "Ct6in;). Sa;payrnent shall be full componsaton for th6 Eas€msnt convoy€d, including 8ll
landscaping. tress. shrubs, impro\rements. and fixture localed rrereon. end for
any danqes reru[ing to oix7le,,s ramaining lends. and br oll oth€r damages inconmcnirn with ccneymcc of sai, E.eemcot to County
Prior to Closing. Ou,ner shafl ob(ein fro.n the holders of any lielrs. oxcoptbnsand/or qualificatirns encurnbering th€ Earornont. th€ exoqJtion of suchirlsffumeat8 wfiich will remove. rcbac€ or suboftlinale such encumbrancas fromthe Easernenr upon their recording in the public records of co br county. FroridaOxner shafl provtde tuch instum€nE. property exec1lted, to County on or before
the date of ClGing.
Thb Agrcernnt shalr be nu[ and v(*r. and of no furttrer force or errecr. unressclocing shall occur within ninoty (90) days fiom the date county exeortes ttris
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Easaftcnt Ag.crfilrlnt Psgs 2
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Agr€€.nonti provad€d. ho$av€r. thet County shell have the unibtorel nght toenorld fte term of this Agre€.n€nt p€nding rBceipt of such instrurnenB. prcperty
execut€d, whidr eith€r rerlxtv€. ,rbase or subordinate any and all such ltens.
enc:(xnbrancaa or quelificatbns afuing County,s enjoyrnen! of the Easorncnt AtCt sing, County shall dativor the County Warram't6 Orner and olf,ner shaltdeliwr tha convcyanca imtrunEnt to County in a brm ecc.ptable to County
Orner is arere and undoBlands tttet the "ofief lo purchese reprea€nted by thls
Agreement is subFct to ecocptance and approval by ttre Ao€rd ot County
Commisgroners of Collier County. Flonda.
Ownar rapr€aents thst tt€ property underlying th6 Eas€rr€nt, and all uses ol thessi, prop€rty. heve b€€n and pr€G€fity sre in co.nplt€nce with all Fed6ral. Staieand Local envronrnental lews; that no ha2ardous substancas ha\re bccn
gsnoElLrd. 3@. tseatGd or transfurred on tte property underlying the Eas€m€nl
6ro6pt as specificelly disclosed lo the County: that the ol/vn6r has no knowl€dge
of any spill or environmental bw virbtbn on the property cont€uous to or in the
vrcinrty of the Eas€ment to be sotd to the County. that the Owner has not r€ceryed
noti:e and oth€{tyis€ hes no kno^,lodg€ of: a) any spilt on the property uftbrtyingth€ Easernent b) any existing or threatened envtronmental llen against theproperv underlying the Eas€rnent; or c) any lawsuit, proce€ding or investi]ation
r€garding the gGnerstion. sloreg€, lreafilent. spill or transfer of hazardous
substancas on tho property undodying the Easement. This provisaon shall survrve
ClGing and is not d6€med setisfiod by conveyance of tifle
Oxner shall indemnrfy, debnd. save and hoH harmtc$s the County agaanst and
from, and lo reimbuGe the County with resp€ct to. any and sll damages. cleims.
liabilitirs. laws. cosB and €xp€flses (includirE wrthout limtation reasoneble
paralGgal and anorngy het and expenses srhether in court, o{jt of court. tn
bankruptcy or adminBbatve proce€dings or on appeal). penettles or fines incuned
by or a3sorled agsinst the County by nearxln or ansing out of the breach ofO nefs repres€ntation und€r Sectron 5. This provison shall survNe Closing and
13 not doerned satbfied by conveyance of title.
Th€ County shall pay for all costs of recording the conyeyance tnstrumonl in the
Public Reconls of Collier County. Florira. All other costs assooeted with thrs
transaclion induding but nol limited to transfer. docurnentary and intengibb taxes,
and r€cordrng co3ts for any crirative inEtrurnents shsll be bo.ne and pai, byOwner Orner ghsll be rBponsible br psytqg any costs andor bes assocEled
with se@nng and rEcording a Subordinetbn. Consent & Joinder of Eas€ment of
th€ mortgagc(s) record€d tein3t th€ property urderlying the Eas€ment ftorn the
mo@egee(s). The c6t of a title commrtrn€nt shall be paid by County
Thb Agreement and the terms and proyisions hereol shall be €trec,tive as of the
date this Agr€ernent is erecuH by both parties and shall Inure lo the benefit ot
and b€ binding upon the pertbs harBto and thetr respeclive heirs, exocutors,personal representttives, 3ucoessors. successor trustees. and/or assignees.
wtpnever the contexl so requtres or admis
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Eascrnant Agraement Pege 3
Thb Agrccment is gov€med and oonstru€d tn accordance with the l8ws of the
Sttte of FloriJ8.
lN WTNESS WHEREOF. the parties h€reto have executed this Agreement on
this _ day of 2020
D8E Easornent acquE ioa approved by BCC
AS TO COUNTY:
DATED:
Conveyance of th€ Easorncnt by O*ner rs contingent upon no oth€r provisions.
conditions, or prBmis€s other than those so stated above; end thc writtenAgro€rnonl. including all exhibrtE attechd h€reto, 3hall constihjlo th6 entireAora€.n€nt End uftbratarding of the pertbs. 8nd there are no oth€r prior or
contemporaneous writlon or orar agroefiEnts. undertakings. pro.nises, wenantres.
or covenanta not contam€d horcrn
lf the Owner holds the proporty underlyirB the Easement rn the form of apartnership. lim ed partnerEhap. corporatrcn. trust or any form ot repres€ntatNe
capacity s'heEoever for others, Orner shall make a wnnen public drgclosure.
according to Chapter 286. Fbnda Statutes. under oati. of ttle name and address
9f every p€rson having a benefrctel mterest tn the property underlyang the
Eas€rnonl before the Easornent hold n such capactty is con\rey€d to Couriy, lts
su@essors and asslgns. (lf the corporaton rs reglstered with the Federal
Securities Excfrange Commrssion or regigtered pursuant to Chapter 5.17. Florida
StaMes, whGe stock is br sale to the general pubfuc. it is hereby exempt ftorri theprovBrons of Chapter 286. Florila Statutes. )
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ATTEST:
CRYSTAL K. KINZEL. Cbrk
BOARD OF COUNTY COMMISSIONERS
COLLIER COUNTY, FLORIOA, AS THE
GOVERNING EOOY OF COLLIER
COUNTY AND AS EX.OFFICIO THE
GOVERNING BOARD OF THE COLLIER
COUNTY WATER.SE\^.€R DISTRICT
BY
Bun L Saunders Charrman
. Deputy Clerk
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(SEnaturas contnued on next page)
Easement Agreement
AS TO OWNER:
DATED Xuly 21 .?atn
(Signsture)
&.:es<-i,i-6s*uaL
Name (Prinl or Type)
Approved as to form and legalrty
Jennifer A. Belpedio,Assistant County Attorney
OLDE CYPRESS MASTER PROPERTY
OV\NERS ASSOCIATION, INC.,
a Florida not-for-profit corporation
NEIL SE . its President
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Location Map
CYPRESS MASTER PROPERTY OWNERS ASSOCIATION, INC.
Folio Number 64625000285
UTILITY EASEMENT
1,445 Square Feet +/-
UTIETfET:EMENT
ioLDE CY?RESS UNIT ONE TRACT L
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Collier County Property Appraiser
Property Summary
Parcel No 54525000285 Site City NAPLES
Zip 34109
Range
26
34119
Name / Addrcss OLDE CYPRESS MASTER PROPERW
OWNERS ASSOCIATION INC
% SANDCASTLE COMM MGMT
9150 GALLERIA CT #201
City NAPLES State FL
Section
21
Township
48
Legal OIDE CYPRESS UNIT ONE TRACT L
Millaoe Area O 122
Sub./Condo 5279OO - OLDE CYPRESS UNIT 1
UseCodeO 95 - RIVERS AND LAKES, SUBMERGED LANDS
Millage Rates O .Calculations
School Other Total
5.083 s.8071 10.8901
2019 Certified Tax Roll
(Subic<t to Chang.)
Land Velue $ ioo
(+) lmproved velu. $o
(=) Market Value $ tOO
(=) Assessed Valu" $ t*
(=) School Taxable Velue i 1OO
1=1 Taxable Value llOO
lf.ll valuer shown.t ova aqu.l0 thir p.rc.l was araatGd aftcr thc Final T.r Roll
$0
Site Address 2415 LocANrDisclaimer BLVD N
Site ZonerNote
Acres rEstimated
2.02
Map No.
382t
Strap No.
s27900 L 13821
Latest Sales History
(Not all Sahr .re listcd du€ to Confidcntiality)
Date Book-Page Amount
o2l19lo8 4330-4167
DESIGN-IUIIO OF IMIAOKAIEI TOAD, TOGAN TOUIEVAID AND VANDETDITT DEACH TOAD NEW 2'.INCH
FOTCE iIAIN PTOJECT
RPS NO.: 19.76O5
I l. Addcrdun - Nc8o(bbn Soopc Chzgc
Cotttrcrbn of th. PnoPoscd 24" FM to thc cxilaing lmrDhhc Ro.d ru will bG m& d ttc trusitbn of thc Inrnrokrlcc
Rord ru iom 16' dirmac pipc to 20" dnrmarr piF. A 24" pipe ltub with plug vdw wi[ bc rddcd !x!ri ofrhc prorolcd
canal cro$i[g to rcoimlodac r po$iblc futurr cotlldbn.
Stub ?4' for
future conn.
Conn€ct to ex.
20" Fit
LOCA:.- BOULEVARD A\D VA\DERBILT BE{CH ROAD \E\\':J-|\CH FORCE MAN PROJECT
Page 22
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rbo**FMANew FM
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New 24-inch FM
The purpose of this appraisal is to arrive at an opinion ofmarket value / use value of the subject
properties in their "as is" condition. The interest being appraised is the undivided fee simpte
interest in the land and existing improvernents as if othenvise free and clear ofall liens,
mortgages, encumbrances and/or encroachments.
The intended,se ofthis appraisal is understood to be for intemal decision making of the
acquisition ofa utility easement located at Olde Cypress Unit One Tract L. The iitended users of
this appra.isal report are Public utilities and collier county Board of county commissioners.
The subject property was not inspected, on7 /612020.
The value conclusion(s) are subject to the following hypothetical conditions and extraordinary
conditions, ifthese conditions exist it may affect the assignment results. The conditions mayL
unknown factors extemal, hidden factors and environmental conceras.
Velue Couclusion(s)
Pq{ y9o 9:.*p" of the appraisal assignmenr and the market analysis the urility Eascment is
I,,l45sf / 0.033ac, the estimated value ofthe encumbrance is g2JSt) d;Uars luty A,1OZO.,/-'-)./
R.d",-y'4.*
Sr. R9d6w Appraiser
Facilities Managemenr
UTILITY EASEMENT VALUATION
An eesement is the right provided to a person or entity to us€ someone else,s property. Theproperty owner usually transfers this righr while rctaining ownership through execution ofane$ement document.
Utility earemonts are areas ofa property that were defined for use by utility companies when
the property was first put on a plat. They are designated for overhead erectric, terephone and
television lines and underground electric, water, sewer, telephone, and cable lines.
A sewer is a pipe that receives wastewater from homes, businesses, etc. and carries it to a
wastewater treatment plant. A lewer eesement is an area where we have the right to enter,
mainlain, repair, inspect, improve, rcnovate and replace facilities including pipes and manholes;
and to keep clear access
Eeroment Locrtion:
EX: :tLAt.l. SUEsURTAC EASEmBfi
l.oar*l.l aah arr stararq
O(: An RrcHTS. WATER (X SEUUB LrtE95-art es*drttrthtinf, rlrhh.laf(torls-ldlt,
EX: CAOLE Ltt{Et WAIER OR SEWER Ui{ES
Loc.don rh.lg a r.qarty llttlocadail rqt nq! utSL bi _aa
or TEt-ECOraMUr c^noNl W rTgc +f tJtcsB-nod uxtbdr df,l rrrrr fioUt
EK PPEUNE' SGNIC EASCME {TS
dC.
g: PIPCUi{ES. DiATNAGE EA5€MENTs,
F-OWAGE
O(: OVERHEAD EIIECTR|C, R |I.ROADS,
nRqTloN CAr{Aus afurwffiE
SGrantrpxt at tltaar ura rtdcqlri, Eadtftirt6at
The proposed utility Easement will be located within the setback and landscape buffer areas.
Typically, these areas are located near the parcel property line and have little or no use other than
the designated use as setback area or landscape buffer area.
Easemcnt valuetion: To educate property owners and right of way professionals, an eas€ment
valuation matrix can be used as a general guide to assess the effect an easemenl may have on the
total bundle ofrights. In establishing this matrix, a percentage of fee value is inaicated by the
impact ofthe easement will have on the use and utility of the subject property.
PrrcolNo Fozsoooza3 stuAddn.s ffi=sit c'ry f4!!r! zie w plrl,g
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Parccl No 646250002E5 Site Address sib city ErAptfS zip c* @iD
Thc Valuaticn Proess
Thc ralcc.pgroach mc0tod as thc.nct reoognized in thc rcpo.tng dthocatirrH wlrc condurion. Tha trc typc! ot U't,G conairs€d -l thb rpprdlel
,opod ErE msrtot valuc and valus h us€
UARXEI VATUE: Thc rnat probebb prie whch a propefiy rhoutd brirg in a
@rnpcniye iltd op€nmr.tel un(hril cmditbrl3 r€qditrb r E!ab. Itd [16
properly ml,sl hayE erposrre lfrrc ard ml .rHGd by mduc tlhdlJ3.
VALUE lt{ USE: A v.l! concept wftirl ir b.!.d upon thc produclivaly of .n
cconqnic good b ilr orrncr.ugr Vah.c h ulc rnry bc r vali, rubslihrb for
martct valp whcn lhc cuncnl u!. b !o lp€cblled lhat ha3 no dernoGtrabLnEitot and u,h€n the ulc b economac d fl(et to conthuo.
Idcally. dr pcrctnhgE dilcotmt is dcrivcd by r crcful anrlysis of otlro
t snsaction scquatc.s whcrc o givcn propcny was sold in it! .tcfotE ,
r:rxlition, m clscnrnt was ct!.lcd involving comprr$lc rights ud cffecl orr
thc scrvicot intcrcsr conrpurblc to $c subjco ecrncnl rnd thc propcrry rhcn
sold in its "eftcr" condition. As notcd rbow, ers.llcnB ltr rrcly if c{,cr
idcntical in hc righr tnnreclcd axl thc effeL:t m thc scryic inlct6t,
conrcqucnrly corrrllcnblc juftnrntJ i3 involycd in opplying thc paccnt4cs
indicrtcd by slrclr mnsdiofl scqrl;nccr ro olhcr propcrty.
Dircct Di.xount d tlu Fcc Sinqle Ya&ra. ln thi: rechniquc thc vrluc of thc calalncol is
c$imetcd by applyint a pctcdlgc diemunr to rhc '.bcforc,' valuc of Orc *rvicar
propcny. Spccifically:
O FEst. the vduc of hc pmpctry bcfotc crclaion of thc crscmcnt (fcc simplc
valuc) is crtimrrc4 .t iB hithcar rd bcsr usc, s dcscribcd rbovc.O Sccorrd. r lErcdtragc discflnt to thc ',bcf,ore. vduc is drimilcd.
rcprlisnting sn rppropdstc rrrrure of thc cffcct of th€ ctsclicnr llmnatioos
m tbc "bcfoc" vdue.
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The Utility Easement and legal description
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SXEICH AND DESCRIPTIOi1
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PL T a@r( 32. PAGES 1 THROTJG8 ll
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Parcel No 50002
Locatlon of Utility Easemcnt
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Addrcilc! 9lso G{t,l.t;RtA ( r #2ol
City NAPLIIS Stete 't ip .11t09
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S€ctioo TowIship Strrp No.
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SUBJECT PROPERTY COMPARABLE NO 1 COI/lPARABLE NO.2
Address 2415 LOGAN ELVD N 14710 COLLIER BLVD NO SITE ADDRESS NO SITE ADDRESS
Proximity to Subject
Sales Price $7,500.000 $1,475,000
Unit Price s202.702 s230.000 $203,000
Data Source PUBLIC RECORDS FOLTO# 00206600000 FOLTO# 00151440001
+/-$
Adiustment DESCRIPTION +/-$
Adjustment DESCRIPTION
+t$
Adjustment
Date ol Sale & Time
Adjustment
$300.000 03t30t20 s0 01t14t20 $0
Location EQ $0 EQ $0 EO $0
ACCESS Similar s0 SO Simila r
Square Footage 37.0 AC s0 641 AC -s34.500 49.5 AC s0
ZONING RESPUD SIMILAR $0 $0 SIMILAR $0
TREED / CLEARED CLEARED SIMILAR $0 SIMILAR SO s I\,1rLAR $0
Sales or Financing
Concessions CASH
Net Adj. (Total)$300.000 -$34.500 SO
lndicated Value of
Subject $195,500 $203,000
Equal considerataon is given to all of the market data, the average is $203,000 per acreComments on Market Data
Comments and Conditions of Appraisal: The per acre value 9203,000 wi be used as the
value.
base unit value times the matrix factor to arrive at the easeme
Final Reconciliation: All three approaches were consid
opinions and conclusions may be affected due to later known or unknown adveGe conditions that exist with the subject property.
$203,000 dollars acre
na rdRoosevelt
Appraiser
II
Land Appraisal Repo.t, Appraisal Form 02 Rev. 5/03/10
UTILITY EASEMENT
VACANT LAND REPORT
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Mrp No.AcrcsRangc
FL
COMPARABLE NO. 3
FOLIO# 00196920007
DESCRIPTION
03/22t19
PUD SETBACK AREA
ACCESS Similar
20 +l- AC
SIMILAR
CASH CASH
$211,000
ESTIMATE MARKET VALUE:
7/42020
$10,050,000
60
Easement / Utility Valuation
units of valuation Mathematically: The Utirity Eas€ment aree is i,44s sf or 0.033 acrE.
The unit acreage for this site is $203,000 dollars per acre. Utilizing the percentEg€ of fee malrix
chart (page 4) th€ valuarion is as follows: o.o33ac (area) x $203,fi) (varue per acre) x 35%
(mshix chart) results in $2,344.60 say $2,350 doflars.
The followint Factors taken into consideration:
. Utility easement is located underground.. Utility easement overlaps an existing utility easement.. utility easement is located in the set aside area of the RpuD, whereas this area has a
nominal afrect on the overall utility of the RPUD.
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