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City Commission Meeting <br />July 14, 2003 <br />Page 13 <br /> <br />6. Resolution 03-1428 -Contract with Contract with Casselberry Investment Properties <br />to Purchase 13 Parcels of Land (67.855 Acres) and Related Budget Transfer <br /> <br />MOTION: <br /> <br />Moved by Vice Mayor/Commissioner Al Clark that Resolution 03-1428, <br />Contract with Casselberry Investment Properties, be read by title only. <br />The motion was seconded by Commissioner Linda Hart and carried <br />unanimously by voice vote. <br /> <br />The City Clerk read Resolution 03-1428 as follows: <br /> <br />"A RESOLUTION OF THE CITY OF CASSELBERRY, FLORIDA, TO ENTER <br />INTO A VACANT LAND CONTRACT WITH CASSELBERRY INVESTMENT <br />PROPERTIES, LTD. FOR THE PURCHASE OF THIRTEEN PARCELS OF <br />LAND THROUGHOUT THE CITY; PROVIDING FOR CONFLICTS, <br />SEVERABILITY, AND EFFECTIVE DATE." <br /> <br />Staff Presentation: Tony Segreto, Public Works Director, presented a contract for the pumhase of <br />thirteen parcels within the City of Casselberry from Casselberry Investment Properties, Ltd. The impetus <br />for the purchase was to acquire Lot 18 of Quail pond as part of the proposed Lake Concord Park and <br />changes around the City Hall Complex. A map showing all parcels in the transaction is attached to and <br />made a part of these minutes. The contract price for all thirteen parcels is $35,000. The City is <br />responsible for its attorney's fees and issuance of satisfaction of any liens, if applicable. <br /> <br />The City Attorney said it was difficult to obtain title insurance when parcels are given by quit claim deed <br />and requested the seller furnish special warranty deeds on all the property for extra added protection <br />through the title policy. Ken Linville, Empire Realty, representing Casselberry Investment Properties, <br />agreed to the stipulation made by the City Attorney. <br /> <br />StaffRecommendation: Approval with the following budget transfer: <br /> <br />Account Number Account Description Amount <br />100-0710-541-61.07 Land $35,000.00 <br /> <br />Increase Account Description Amount <br />Account Number <br />109-000-389.90 Fund Balance Carryover $35,000.00 <br /> <br />Audience Input: <br /> <br />1. Mr. John Casselberry, 700 Lost Lake Lane, Casselberry, Florida, stated that he had an indirect <br />financial interest in Casselberry Investment Properties and was a decision maker in the company until <br />1996. He voiced concerns regarding transactions on some of the parcels associated with the purchase. <br /> <br /> <br />