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GGELTC Minutes 05/12/202220.A.3 MINUTES Golden Gate Estates Land Trust Committee Thursday, May 12, 2022 - 5:30 p.m. IFAS Extension 14700 Immokalee Road, Naples, Florida 34120 Committee Members Chairman: Jeff Curl Vice -Chairman: Carol Pratt — absent Member: Annette Kniola — absent Member: Jessica Harrelson Member: Sarah Huffman County Staff Michael Dowling: Collier County Real Property Management Ed Finn, Interim Director, Facilities Management Division Jennifer Belpedio, Manager, Real Property Management Section Roosevelt Leonard, Senior Review Appraiser Members of the Public Jill Rosenfeld Rae Ann Burton 1. Call to order: Jeff called the meeting to order at 5:30 p.m. 2. Approval of current agenda: Jeff asked if there were any questions, there were none. Jeff asked for a motion to accept the agenda as presented. Jessica made a motion to approve the agenda as submitted, Sarah seconded the motion, Jeff called for the vote and all were in favor. 3. Approval of the Meeting Minutes from February 28, 2022: Jeff asked if there were any questions. Jeff said there was a typo under item 10, `she' should be `he.' Michael said he would make that correct. Jeff asked if there were any other comments, there were none. Jeff asked for a motion to accept the agenda with the correction under item 10. Jessica made a motion to approve the agenda with the correction as stated, Sarah seconded the motion, Jeff called for the vote, and all were in favor. 4. Approval of Treasurer's Report — The report was not available. Michael provided the cash balance from the last report, which was in February, in the amount of $1,533,624.56. Jeff asked if that balance included the funds derived from the Randall Curve property sale. Michael said did not and according to the fiscal impact statement in the Executive Summary for that sale, in which he read from the Executive Summary, "The net proceeds from the sale will be deposited into a restricted General Fund reserve account for future consideration by the Board." Jeff asked if anything has been done or decided on concerning the funds Packet Pg. 684 20.A.3 the sale. Michael said there hasn't been any discussion but will brief Ed and Jennifer on the issue so that they can provide input. Ed asked Jeff what he wanted to achieve. Jeff said the Committee would like to see the proceeds from that sale deposited into the GAC Land Trust now that the Board has approved the sale of the GAC Land Trust property. Ed said he would look into why those funds have not been made to the GAC Land Trust account. 5. Updated on GAC Land Sales Board -approved sales for Michel Saadeh Parcel ID 41824360008 The W 180 feet of Tract 53, Unit No.95, Phase I, Parcel 71 3.92 acres Sale Price: $455,000 Parcel ID 37445840005 All of Tract, 89, Golden Gate Estates, Unit No. 17 Phase I, Parcel 13 4.62 +/- acres Sale Price: $180,000 Parcel ID 40749320001 The East 75 Feet of The East 150 Feet of Tract 116, Golden Gate Estates, Unit No. 78, Phase II, Parcel 45 1.17 +/- Acres Sale Price: $39,000 Michael advised that the sales for the referenced properties were approved by the Board on April 12, 2002, and that the closing for the three referenced properties will occur on Wednesday, May 18, 2022. 6. Proposed Process for remaining parcels — procedure attached: Michael reintroduced Jennifer Belpedio and Ed Finn to the Committee. Jennifer presented the proposed procedure for selling the remaining properties. Jennifer said that the Board approved the three sales listed above at the April 12 meeting, and the Board suggested that staff make a recommendation to implement a new procedure to dispose of the properties along the lines as other county - owned properties may be sold. Jennifer said that the proposed procedure will involve the advertisement of the properties in a more modern way thought the County's website, postings at the courthouse and press releases to notify the public of the available properties. It is proposed that an outside MAI appraiser will be retained to prepare five appraisals for the twelve available properties. The in-house, State -licensed Appraiser, Roosevelt Leonard, will conduct the remaining seven. The MAI appraisals will be reviewed by Roosevelt, and would cost approximately $3,400. These appraisals will be used a `benchmark' for the established values to provide a minimum bid. The properties will be advertised using Florida Statute 125.25 as a guideline for disposition of the properties. Sealed bids will be accepted, and the Committee will review the bids and make its recommendations to the Board for final approval. Michael said the bids will be opened at an established date and time and several staff will be in attendance to open the bids and the public will be invited to attend. Jeff questioned Jennifer's statement that then Statute required five different appraisers for the process. Michael clarified that only one appraiser was required and only one would be preparing the five appraisals. Michael said that the 1983 Agreement required an MAI appraiser, and to keep costs down for potential buyers, staff recommended that the in-house appraiser prepare the appraisals since the MAIs were then charging between $1,2 Packet Pg. 685 20.A.3 $1,800 per appraisal. Michael reminded the Committee that staff presented that recommendation to the Committee who in turn made its recommendation to the Board, which approved appraisals to be prepared by the in-house appraiser. Sarah asked if a local appraiser or an out-of-town appraiser would be hired. Roosevelt said that he solicited bids from several companies and Carol and Carol, situated in Collier County, was the lowest bidder. Roosevelt said the other proposals were $5,600 and up to $8,000. Jeff asked if the Committee must use the selected appraiser and if the Committee could pay for the appraisals independently of the County. Ed said no since the Committee is part of the County and Jennifer added that the Committee is under the auspices of the County. A member of the public, Jill Rosenfeld, asked who would be paying the cost of the appraisals if there were not bidders on all of the twelve parcels and Ed confirmed that the Land Trust would absorb those costs. Ed addressed the Committee saying that he wanted to attend the meeting to show the Committee that he is supportive of their efforts and understands the Committees concerns and for the Committee to know they have his support. He also wanted Jennifer to attend for the Committee to meet her. Ed said the new procedure will provide a safety net for the best price for the available properties, even if there may be some costs associated with that goal. Jeff agreed and said that the procedure will reduce the scrutiny the Committee sometimes experiences for approving sales and will lessen the responsibility of the Committee and staff, thereby reducing risk for all parties. Michael stated that the Committee will review the bids and make its recommendation to the Board and the Board will have the final approval. Michael said that the new procedure will assist in making more of the public aware of the available properties. He continued that even though staff made recommendations in the past to advertise the properties and hire an MLS service, over 900-acres of land were sold with of inexpensive signs placed on random lots and by word-of-mouth Jennifer wanted to state that there will be an advertising cost associated with the newspaper notices that could range between $400 to $500 depending on the wording of the advertisement. Jeff asked if the Committee had any questions, there were none. Jeff asked the public if there were any questions or comments, there were none. Michael asked Jeff to call for a motion. Jeff asked for a motion to approve staff s recommendation for the proposed procedure to sell the available properties and Jessica made a motion to approve staffs recommendation, Sarah seconded the motion, Jeff called the vote, and all were in favor. 7. Other Business: None 8. Public Comment: None 9. Next meeting — July — To be determined Meeting adjourned 6:05 p.m. Acknowledged: cli^-- November 14, 2022 Jeff Curl, Chairman Packet Pg. 686