City staff is seeking City Commission authorization to sell a 4.54-acre surplus parcel on Capital Circle NW through open market solicitation, utilizing the services of a real estate broker under an existing City term contract.
The City has received interest from multiple parties regarding the potential purchase of this property, and staff recommends proceeding with marketing the site for sale through the contracted broker. According to staff, broker assistance would allow the property to be professionally marketed and advertised to a greater number of potential buyers.
Any resulting sale agreement will be brought back to the City Commission for final approval.
The vacant property was purchased from Talquin Electric Cooperative in 2004 using City department enterprise funding. The City’s acquisition cost basis from the 2004 purchase was $1,181,214.50, which included a purchase price of $1,250,000 plus closing costs of $5,864.50, less $74,650 paid by the Florida Department of Transportation to Talquin Electric Cooperative for right-of-way acquisition associated with FDOT’s State Road 263 project. City Electric & Gas has approved a surplus sale of this property. No other City department has indicated a current or future need for this property.
City Staff Seeks Sale of 4.54-Acre Surplus Parcel on Capital Circle NW added by Staff on
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@ Earnest P. Worrel = I believe they said it is NOW up to $49,000,000 last night on the News.
To all the commentors and readers of the notice/article … City of TLH has been doing this shit for well over 25+ years – this is nothign new – upto and including the BS funding of the State of Florida OWNED FSU Stadium nonsense. TLH voter keep putting these idiots in Office and each cycle seems to be more corrupt than the next (because they sure AF were corrupt back in the late 90s-early 00s). Stop voting these morons into Office !!
Edward, it’s almost like the cost of the new Police Palace is going up and up and up…
From the FSU/TMH sale to the Capital City County Club Golf Course sale to this property sale, what’s the real story behind this sudden push to sell taxpayer-owned property?
There may not be more to it than a simple coincidence, but it is interesting.
Meanwhile… back in Bugtussel, after having spent 21 million in Blueprint tax dollars for FSU “stadium upgrades”, the alumni association that had no money for the upgrades is about to pay 60 million dollars to the football coach to quit coaching! And another umpteen million to the next clown that can’t win a game in the ACC!
It seems most of the people in charge of our local government is either corrupt, incompetent or both.
David, how DARE you stand in the way of yet another chicken finger joint… You MONSTER!
SO, back in 2004 the City paid almost $1.2MILLION for a 4.54 Acre Piece of Land and are NOW considering SELLING almost 200 Acres of Land Down Town for the same Price. WOW. Heads need to roll over this idea.
Here is MY .02 Cents worth: KEEP IT, turn it into a Mobile Home Park for Low Income Housing since it is already surrounded by a Mobile Home Park.