Summary
To: Mayor Gary H. Katica & Commissioners
From: JP Murphy, Town Manger
Date: 9/27/2019
______________________________________________________________________
Subject: Disposition of Ahlf Properties
Summary: Attached you'll find the appraisals for the three Ahlf Properties. The total appraised value of all three properties is $1,524,200. The waterfront parcel (2 Baybrook) is valued at $921,000. The inland parcel (7 Baybrook) is valued at $587,000. The land-locked parcel (12 Manatee) was not valued by the appraiser who ultimately decided that he could not provide a more accurate valuation than what the property appraiser has assessed it at is valued at $162,000. If you have any technical questions about the appraisal itself, Brian Holtz is available to answer those questions for you.
As to the sale of the properties, it is my recommendation that the Commission let the properties out to bid via a blind bid process for a period of at least 60 days. A blind bid would be set up so that the Commission has no personal knowledge of the bidders and only evaluates the bids based on merit and value to the town. Additionally, it would be beneficial if the blind bid process were conducted by a third party. I initially contacted Pinellas County's Real Estate department to conduct the sale on our behalf. While they do have MLS listing ability, they do not have significant marketing resources. Pinellas County did provide the name of a vendor, CBRE, Inc, which currently is a state contract holder that would be able to better provide the services the town would be looking for. The Commission, of course, has the option to piggyback with CBRE, solicit its own vendor via a formal RFP process, utilize Pinellas County, or utilize a combination of town staff and the town attorney's offices to conduct the bid.
As the fee for such services when procured from an outside vendor will likely exceed $35,000, the Commission will need to approve the procurement method to be used. If the ...
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