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GGELTC Agenda 09/20/2021 A G E N D A Golden Gate Estates Land Trust Committee Monday, September 20, 2021 - 5:30 p.m. IFAS Extension Ag Center next to Fairgrounds 14700 Immokalee Road Naples, Florida 34120 Committee Members Chairman: Jeff Curl Vice-Chairman: Carol Pratt Member: Annette Kniola Member: Angela Birks Member: Jessica Harrelson County Staff Michael Dowling: Collier County Real Property Management ___ 1. Call to order 2. Approval of current agenda 3. Approval of the Meeting Minutes from May 24, 2021 4. Approval of Treasurer’s Report 5. Property Sale Appraisal Approval for Harrington Parcel ID 40749320001 The East 75 Feet of the West 180 Feet of Tract 116, Unit 78 - 1.17 acres Property Appraiser’s Value: $47,840 Appraiser’s Value: $36,500 6. Consideration of Jeff Curl’s application for expiring term 7. Other Business 8. Public Comment 9. Next meeting – November 2021 – To be determined 20.A.2 Packet Pg. 179 Attachment: Agenda - September 20, 2021 (20198 : Golden Gate Estates Land Trust Committee - September 2021) Beginning Cash Balance as of October 1, 2020 698,535.86$ Cash Transactions Interest postings First Quarter Interest postings Second Quarter***1,438.67$ Interest postings Third Quarter Interest postings Fourth Quarter 1,287.65$ TOTAL INTEREST FOR FISCAL YEAR: Miscellaneous Charges: Postage Reimbursements to Account (Appraisals paid by buyers)700.00 Receipt of Deposits for Property Purchases 4,234.00 EXPENDITURES: TOTAL 706,196.18$ COMMITTED FUNDS:$0.00 TOTAL CASH AVAILABLE after commitments:706,196.18$ GAC Inventory (Reserved for Government Use) ESTIMATE 1,265,560.00$ GAC Inventory (Available) ESTIMATE 858,540.00$ ASSETS 2,124,100.00$ GAC Fund 605 - Treasurer's Report FY-2019 Cash Activity Updated: September 15, 2021 CASH ASSETS 20.A.3 Packet Pg. 180 Attachment: Treasurer's Report September 2021 (20198 : Golden Gate Estates Land Trust Committee - September 2021) \st[N\t$ 'il .acant Land Apprarsal Report L )fiXX Golden Gate Blvd East ,, I trr.-.:!:-:j' i r. I x iI I t, -a- 1r. . -lt L tir ,< r .. 4 ,r i$ 20.A.4 Packet Pg. 181 Attachment: Harrington Appraisal (20198 : Golden Gate Estates Land Trust Committee - September 2021) Summary of lmportant Data Conclusions PropertylD 40749320001 Address No address, fronts Golden Gate BLVD E Legal Golden Gate EST unit 78 E 75ft of W 180ft + E 75ft of TR .l 16 Lot Size 2.34 acres (only appraising % of lot the W ,/z 1.17ac) Lot Shape lrregular Lot Utility Buildable, H & B Use Residential Zoning Estates Zoning, Vacant Land Owner Collier County Government Buyer Teddy Harrington Client Teddy Harrington lntended Users Collier County & GAC Land Trust Current Use Treed Vacant Land Date of Appraisal 811712021 Date of Appraisal Report 811712021 lnterest Appraised Fee Simple, Market Value Appraised Value "as is" $36,500 20.A.4 Packet Pg. 182 Attachment: Harrington Appraisal (20198 : Golden Gate Estates Land Trust Committee - September 2021) SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting requirements of this appraisal report form, including the following definition of market value, statement of assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual inspection of the interior and exterior areas of the subject property, (2) inspect the neighborhood, (3) inspea each of the comparable sales from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources, and (5) report his or her analysis, opinions, and conclusions in this appraisal report. INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the subject of this appraisal for a mortgage finance transaction. INTENDED USER: The intended user of this appraisal report is the lender/client. DEF|NlrloN oF MARKET vA[uE: The most probable price which a property should bring in a competitive and open market under all condition's requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. lmplicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he or she considers his or her own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U. S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale. 20.A.4 Packet Pg. 183 Attachment: Harrington Appraisal (20198 : Golden Gate Estates Land Trust Committee - September 2021) Prop.rty Sumrnrry P.r<d 1{o 40749120001 t-r./Llt!- COUjA CXTY qO REAL PR(TEiIY MATAGflEIIT !tl5 T rtrm TR E srr 101 city NAPt-ts X? tao. 4DO,a It ? t{o. 319900 I t5 aDOa Aaaount Summary Real Estate Account #40749320001 The Subject Property Legal Description (both lots 2.34ac) Sft. Chy NAPIES 5t l. FL AO 31112 kion Lr.td GOI-DEN 6AII EST UNII 78 E SFT Of W!8OfT. E,SFTOtTR'llG No Real Estate Taxes Due Taiidh {9 /lc'tr 'Ed'rid 2-341 Xlht lra 80 g4"/Cqrdo !4ee0o ' GOI"DE { crlTE EST UNIT 7t lrr.frl.a 86 - @Urflg' lt{clrrq c}lo -xUMOp t cov. Sdrool a_8€9 Irr.lrtsa .cloi.dor Odl.r T.dl 49335 11ll;225 e p.iit tirii oltE Ownan COLLIER CNTY Sltut! {unknown) Parceldetails Property Appraiser: I \t G€t bitlr by em.it Amount Due Your account is p.ld ln full. There is nothing due at this time. Account History A Print{PDr) Q mntlmrl S crrntleorl tll 2020 Annu.l aiu 20l9Annu.l3ill 2018 Annurl gll trotrlwt So.oo $0.00 s0.00 P.id P.id pcd Propcrty D.r.al I Sli. AddE 'Oftd.lrn i gt. Zom:{d r4l20 Rry 2A 20.A.4 Packet Pg. 184 Attachment: Harrington Appraisal (20198 : Golden Gate Estates Land Trust Committee - September 2021) GMD has the final say on what is buildable but that should be enough information/proof to show the lots existed prior to 1982. )o)l)Jo)) 3 116.1 Jo(rl 40749360003 FEBRTJAFTT 8,197l BYOR680PG673 (2ts1snl I {(rl -l 40749320001@ R 673 PG 13s2 (11'([D1976) ,t0749400002 I{O\,EMBER 19, 1976 \.1(,l 19 Opinion Only (buildable lots) Golden Gate Estates, Unit 78, Tract 115, is in the lmmokalee Area planning District and has a ,,Date of Record" requirement to need to have existed by January 5, 1982 (outside of lmmokalee Area planning District requires the date of october 74, 1974l.. original 5.15-acre Tract 116 (330' x ogo') was first split on November L9,7976, creating Parcel 116.2 (1.17ac) which was the West 75 feet ofthe East 150ft of Tract 115 (which split tract 116), then on February 8, 1977, the western 105ft (1.64ac) of rract 116 was sold and split from the original parent tract 115. City National Bank then had two separate 75ft wide parcels by that 1977 date by default that were separated by parcel 116.2. Those two lots under one folio 40749320001 were eventually sold/conveyed to Collier county as two 75ft parcels. They existed since at least February 8rh, 1977, which pre-dates January 5, 1982. J 20.A.4 Packet Pg. 185 Attachment: Harrington Appraisal (20198 : Golden Gate Estates Land Trust Committee - September 2021) Golden Gate Estates Housing Market ln July 2021 , the median listing home price in Golden Gate Estates was $345K, trending up 39.8% year-over-year. The median listing home price per square foot was $225. The median home sold price was $325K. Sale{o-List Price Ratio: 100% Homes in Golden Gate Estates sold for approximately the asking price on average in July 2021 . Golden Gate Estates is a seller's market in July 2021, which means that there are more people looking to buy than there are homes available. \ABOCJurp zoel catpared witrr Jtrc 2@O Serccrrt l€pating ushg rq^rnded fEu€sl tl D I I !tl o !I u II I t I lrl l Itlt rtlt -Jt ! 1,505 29 l! IIra - GS OVERATLCLOSEI)SALES DAYSMUAflIGT II r70%ll2?r r t68% I a 30% NEW LISTI ENt)I G SAt SItIVERALDtyEilToY ()VERALL l-sor-o E=Efyrt tTt Balanced Sel NAPI.ES AREA REAL ESTAIE AGTIVITY I I Ft u5% 179% -_--r-_--|-U 20.A.4 Packet Pg. 186 Attachment: Harrington Appraisal (20198 : Golden Gate Estates Land Trust Committee - September 2021) The subi Comparable Market Data ect orooertv consis ts of two 1.17ac lots. fo r a total of 2.34 acres The valuation will be considered two wavs use of the 1 .17a c lots are not adi acent and can stand alono ind ependentlv First we will look at sold 1.14 acre lots in this market area. 1. 40747560009 1.14ac sold for $33,800 in March o12021. 2. 407513200022.27acso\d for $40,000 in June of 2021. 3. 40744080003 1.14ac sotd for 942,500 in February of 2021. The average price per lot is $38,766 or say 939,000 per lot. The subject property consists of two buildable lots 1.17ac each, however there is a cost with splitting the lots, therefore the $39,000 will be adjusted 7% downward resulting in $39,000 minus 7% is $36,270 rounded to $36,500 for each lot. Next we will look at sold 2.34 acre lots in this market area. 1. 40752280002 2.81ac soldfor$70,000inMarch of 2021. 2. 40745880008 2.81ac sold for $75,000 in May ol 2021 . 3. 40748040007 2.73ac sold for $70,000 in January of 2021. The average price for a 2.34ac lot is $71 ,666 or say $72,000 per lot. The subject property consists of two buildable lots 1.17ac each, however the lots are combined in a 2.34ac therefore the value is substantiated by the value 1.17ac lots. The subject property is an irregular shaped lot, the potential buyer is only purchasing the West 1.17 acres adjacent to his residenr al property. The Buyer is reasonable for the lot spilt, the contributory value g2,500 has been applied to the overall estimated value. a I c5il I I r.l I r|\ 20.A.4 Packet Pg. 187 Attachment: Harrington Appraisal (20198 : Golden Gate Estates Land Trust Committee - September 2021) Ccmparable sales pictures Comp 1 Comp 2 &EiT t-l -l-Comp 3 f-t a , I Dl_.S ,*-*: I ,T i f-t | :." -,*. aV3|*-.-sr, tr' 5t: ,i;I .t -1 A{l ru ,l t,,:t. ! ,' 'i t{ 1t r- tf 20.A.4 Packet Pg. 188 Attachment: Harrington Appraisal (20198 : Golden Gate Estates Land Trust Committee - September 2021) Location Map o t I e r"$6meu9 RoDsr 9 ,""#lfl"Iff9 t t tI l- q I E c.d-.:.r'E "",*,-.-;. Q *o"orQ rr6.k io rr6ir hc9 I 9 Hom.rA ..iv6r Re.lty lr L_____l /l_- // 20.A.4 Packet Pg. 189 Attachment: Harrington Appraisal (20198 : Golden Gate Estates Land Trust Committee - September 2021) e I liHiltHlill EltI a I s I 6i!! iti$ ffiM (ntz i!i!! l!![ @r iffia '.ta PAI{EL 0435H F!RM FLOOD INSURANCE RATE MAP COLLIER COUNTY, FLORIDA AND INCORPORATED AREAS PAitEL4350F 1225 (sEE i{Ap |NDEX FOR F|RM PANEL TAYOUT) 60t{IAI|S coxrufil]Y u!{!c8 P^xEr surfll co-LrE l cou|..lv tffi? o.!5 r Itol'ca ro qlrr llra Ia, ioar!, aho.. bator aho!ld !aur.c *n.n Drar'r9 E.p oro.r.. rh. con.oilty iult t.ndr rooy. +to!r(t D. !..d on ,F.urrn.. .D!tt.x i t.rrta tun,acl caia!n'i, TIIAP NUMBER 1202rC0435H trlAP REVISED MAY 16,2012 Itdcrrl Emrrgcncl lhncgrmcnt lgrIc] 20.A.4 Packet Pg. 190 Attachment: Harrington Appraisal (20198 : Golden Gate Estates Land Trust Committee - September 2021) STATEMENT OF ASSUMPTIONS AND tlMlTlNG CONDITIONS: The appraise/s certification in this report is subject to the following assumptions and limiting conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it, except for information that he or she became aware of during the research involved in performing this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the title. 2. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the research involved in performing this appraisal. Unless otherwise stated in this appraisal report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions ofthe property (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered as an environmental assessment of the property. The Appraiser certifies and agrees that: 1, I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in this appraisal report. 2. I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition of the improvements in factual, specific terms. I identified and reported the physical deficiencies that could affect the livability, soundness, or structural integrity of the property. 3. I performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the AppraisalStandards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal assignment. lfurther certify that I considered the cost and income approaches to value but did not develop them, unless otherwise indicated in this report. 5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale of the subject property in the twelve months prior to the effective date of APPRAISER'S CERTI FICATION: 20.A.4 Packet Pg. 191 Attachment: Harrington Appraisal (20198 : Golden Gate Estates Land Trust Committee - September 2021) this appraisal, a nd the prior sales of the subject property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report. 6, I researched, verified, analyzed, and reported on the prior sales of the com parable sales for a minimum of one year prior to the date of sale of the comparable sale, unless otherwise indicated in this report. 7. I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all statements and information in this appraisal report are true and correct. 16. I stated in this appraisal report my own personal, unbiased, and professionalanalysis, opinions, and conclusions, which are subject only to the assumptions and limiting conditions in this appraisal report. 8. I have no present or prospective interest in the property that is the subject of this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law. 9. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan application). 10. I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. lf I relied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisal or the preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this appraisal report. lcertify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in this appraisal report; therefore, any change made to this appraisal is unauthorized and lwill take no responsibility for it. 20.A.4 Packet Pg. 192 Attachment: Harrington Appraisal (20198 : Golden Gate Estates Land Trust Committee - September 2021) Advisory Board Application Form Collier County Government 3299 Tamiami Trail East, Suite 800 Naples, FL 34112 (239) 252-8400 Application was received on: 8/6/2021 09:34:00 AM. Name: Jeffrey Curl Home Phone: 239-272-7933 Home Address: 4010 8TH AVE SE City: NAPLES Zip Code: 34117-9149 Phone Numbers Business: 239-304-9443 E-Mail Address: jcurl@emergedesign.biz Board or Committee: Golden Gate Estates Land Trust Committee Category: D5, Unit II, re-application for new term Place of Employment: EMERGE DESIGN LLC How long have you lived in Collier County: more than 15 How many months out of the year do you reside in Collier County: I am a year-round resident Have you been convicted or found guilty of a criminal offense (any level felony or first degree misdemeanor only)? No Not Indicated Do you or your employer do business with the County? No Not Indicated NOTE: All advisory board members must update their profile and notify the Board of County Commissioners in the event that their relationship changes relating to memberships of organizations 20.A.5 Packet Pg. 193 Attachment: Application Curl GGELTC 8.6.21 (20198 : Golden Gate Estates Land Trust Committee - September 2021) that may benefit them in the outcome of advisory board recommendations or they enter into contracts with the County. Would you and/or any organizations with which you are affiliated benefit from decisions or recommendations made by this advisory board? No Not Indicated Are you a registered voter in Collier County? Yes Do you currently hold an elected office? No Do you now serve, or have you ever served on a Collier County board or committee? Yes GAC Land Trust Committee (2004-present); Development Services Advisory Committee (2018-present); Growth Management Oversight Committee (2015-2019); Conservation Collier (2008-2013) Please list your community activities and positions held: Naples Zoo Board of Directors (2012-2014); Rotary Club of Naples-Collier (2009-2014) Education: Bachelor of Landscape Architecture, UF 95 Experience / Background Professional Landscape Architect (registered, 04) involved with multiple aspect of large-scale planning, site organization/layout, and site-specific planning. 20.A.5 Packet Pg. 194 Attachment: Application Curl GGELTC 8.6.21 (20198 : Golden Gate Estates Land Trust Committee - September 2021)