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File #: 19-1523    Version: 1 Name:
Type: Action Item Status: Agenda Ready
File created: 11/25/2019 In control: Town Council Meeting
On agenda: 12/9/2019 Final action:
Title: Approve purchase of real property located at 124 Courthouse Road SW
Attachments: 1. Regulatory Requirements for Agenda Items- Regular procur Robinson, 2. 124 Courthouse Rd SW map, 3. McGuire Group auction site, 4. Purchase Contract, 5. Terms and Conditions of The Auction Sale (124 Courthouse Rd. SW).docx
Subject:
Title
Approve purchase of real property located at 124 Courthouse Road SW
Body
EXPLANATION AND SUMMARY:

The property of the late former mayor Charles Robinson and his wife, the late former Councilmember Maud Robinson, recently was made available at public auction. Maud Robinson passed away in spring 2019, and the executor put the property up for auction with the McGuire Group, LLC. The parcel (0384 02 0073) is 31,688 square feet (almost 3/4 an acre) and contains a single-family detached house and outbuildings on a partially wooded lot. It is zoned RS-10.

After discussion in closed session, Council authorized Town staff to purchase the property at a cost not to exceed a certain limit. On November 22, the Town was the successful bidder via the online auction, acquiring the property for a purchase price of $1,370,000. The transaction bears a 5 percent buyer's fee, which makes the total purchase price $1,438,500. The Town may incur additional costs for settlement. To fulfill terms and conditions of the auction sale, the Town provided a 10 percent deposit of the purchase price on November 25, 2019.

Per discussion, the initial intended use for this property is for parkland, but potential uses will be discussed further by Council.

Town staff requests that Council approve purchase of the property for $1,438,500.

Departmental Recommendation: Recommend approval.

Finance Recommendation: Recommend approval.

Purchasing Recommendation: N/A

Town Attorney Recommendation: In closed session so as not to jeopardize the Town's negotiation position or call attention to the Town's wish to purchase the property located at 124 Courthouse Road SW, Town Council authorized the Town Manager to bid on the property. On Friday, November 22, 2019, the Town was the high bidder on the property. Town Council may approve the purchase and authorize the Mayor to execute all associated closing documents in its discretion.

Town Manager's Recommendation: I recommend the Town...

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