Agenda 10/28/2025 Item #11E (WSA Development Group Agreement)10/28/2025
Item # 11.E
ID# 2025-4512
Executive Summary
Recommendation to authorize the purchase of three lots located at 1756 and 1742 Danford Street in the amount of
$860,000 from WSA Development Group LLC to support the Bayview Park expansion.
OBJECTIVE: To authorize the sale and purchase agreement of three vacant lots located at 1756 and 1742 Danford
Street from WSA Development Group LLC in the amount of $860,000 to support the Bayview Park Expansion.
CONSIDERATIONS: The Board previously directed staff to pursue strategic land acquisitions on Bay Street and
Danford Street to expand boat launch parking, improve Bayview Park, and, to address concerns of residents on Danford
Street related to parking and traffic impacts. Priority was given to two developers who own eight (8) parcels in total and
are in the permitting process. The concept of the acquisitions is to make the developers "whole" while achieving the
County's strategic goals. Staff solicited two appraisals for each property. The proposed agreement is to purchase three
lots on Danford Street. The developer wants to keep a fourth parcel to build a house for his daughter. Through
negotiations, staff recommends purchasing the parcels at 12.5% above the appraised value. The average of the appraisals
reflects the change in market conditions over the past three years from when the developers purchased the property. The
developer additionally invested in permitting and demolition costs. The additional 12.5% above the appraisals
contemplates their investments. Further, it should be noted that while the recommended purchase is above appraised
value, it is in line with the Property Appraisers taxable values. A table below is provided for clarity.
Lot # Appraisal 1 Appraisal 2 Average Property
Appraiser
Assessed Value
Sale Price
760009 (double
lot)
$ 510,000 $ 516,000 $ 513,000 $ 584,757
740003 $ 245,000 $ 258,000 $ 251,500 $ 278,685
$ 764,500 $ 863,442 $860,000
The CRA team recommends an aggressive closing schedule of forty-five calendar days from the effective date of the
Agreement. To maintain flexibility, the County Manager or their designee may, at their sole discretion, extend the
closing date for up to an additional fifteen calendar days by providing written notice to the Seller. All other milestone
dates and deliverable deadlines within the Agreement have been adjusted accordingly to accommodate this accelerated
closing timeframe.
Since this acquisition is above appraised value, approval will require a super majority vote of the Board of County
Commissioners.
This provides critical infrastructure for a County Regional Park.
FISCAL IMPACT: Funds in the amount of $860,000 are available in the County-Wide Capital Fund (3001), Strategic
Land Acquisitions Project (50294).
GROWTH MANAGEMENT IMPACT: The project will address future requirements for boat launch parking as part
of the Regional Parks A.U.I.R.
LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, is approved as to form and
legality and requires a majority vote for approval. — JAK
RECOMMENDATIONS: To authorize the purchase of three lots located at 1756 and 1742 Danford Street in the
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10/28/2025
Item # 11.E
ID# 2025-4512
amount of $860,000 from WSA Development Group LLC.
PREPARED BY: John Dunnuck, Executive Director - Facilities and Community Redevlopment Area
ATTACHMENTS:
1. WSA Development Group Agreement (002)
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