1. No category

BOARD OF COUNTY COMMISSIONERS
AGENDA REQUEST
DATE:
TO:
FROM:
SUBJECT:
DEPARTMENT:
BCC DISTRICT:
April 7, 2015
Honorable Chairman and Members of the Board
Paul Lawson
Potential Acquisition of Property Adjacent to County Jail
Corrections
All
STATEMENT OF ISSUE: The Department of Corrections requests direction with regard to
the potential purchase of 6.4 acres located along James Lee Boulevard East adjacent to the
County Jail in Crestview to allow for future jail expansion.
BACKGROUND: 6.4 acres of property located adjacent to the County Jail is available for
purchase for $425,000.00 with additional shared closing costs. This property would provide
space for future jail expansion. We recommend that $450,000.00 be allocated now or in FY16 to
acquire the property.
OPTIONS:
1. Decline
2. Purchase the property immediately with contingency funds
3. Commit to fund and purchase the property in FY16 (October
2015)
RECOMMENDATIONS: Request Board direction regarding the purchase of 6.4 acres of
property adjacent to the County Jail for future expansion.
RECOMMENDED BY:
APPROVED BY:
John Hofstad, County Administrator
Packet Pg. 652
OMB Approval No. 2502.:-0255
A. Settlement Statement (HUD-1)
1.0FHA
4.0VA
c.
Note:
2.0 RHS
5. 0
3.
DConv. Unins.
6. File Number:
7. Loan Number:
8. Mortgage Insurance Case Number:
SAMPLE-CRESruEW
Conv. Ins.
This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown.
Items marked "(p.o.c.)" were paid outside the closing; they are shown here for informational purposes and are not included in the totals.
D. Name and Address of Borrower:
E. Name and Address of Seller:
COUNTY
CONNIE ROPER
1300 JAMES LEE BLVD
CRESTVIEW, FL 32539
PRESCOTT M.R. ROPER
1300 JAMES LEE BLVD
CRESTVIEW, FL 32539
G. Property Location:
1300 JAMES LEE BLVD
CRESruEW, FL 32539
OKALOOSACounty, Florida
H. SettlementAgent
Lighthouse Land Title Company
902B Palm Blvd S
Niceville, Fl 32578
F. Name and Address of Lender:
59-3638337
I. Settlement Date:
April 15, 2015
Ph.
Place of Settlement:
902B Palm Blvd S
Niceville, Fl 32578
J.
K. Summary of Seller's transaction
400. Gross Amount Due to Seller:
Summary of Borrower's transaction
100. Gross Amount Due from Borrower:
101. Contract sales orice
102. Personal orooe"''
103. Settlement Charaes to Borrower (Line 1400)
104.
105.
Adiustments for items oaid bv Seller in advance
106. Citv!rown Taxes
to
107. Countv Taxes
to
108. Assessments
to
109.
110.
111.
112.
425,000.00
2,746.78
427,746.78
120. Gross Amount Due from Borrower
303. Cash
[8J From
D
To Borrower
425,000.00
420. Gross Amount Due to Seller
425,000.00
500.
501.
502.
503.
504.
200. Amounts Paid bv or in Behalf of Borrower
201. Deoosit or earnest monev
202. Princioal amount of new loanfs)
203. Existina loanfs) taken subiect to
204.
205.
206.
207.
208.
209.
Adiustments for items unpaid bv Seller
to
210. Citv!rown Taxes
01/01/15 to 04/16/15
211. CountvTaxes
212. Assessments
to
213.
214.
215.
216.
217.
218.
219.
220. Total Paid by/for Borrower
300. Cash at Settlement from/to Borrower
301. Gross amount due from Borrower (line 120)
302. Less amount paid by/for Borrower (line 220)
401. Contract sales orice
402. Personal orooertv
403.
404.
405.
Adiustments for items paid bv Seller in advance
406. Citv!rown Taxes
to
407. Countv Taxes
to
408. Assessments
to
409.
410.
411.
412.
866.51
866.51
(
Reductions in Amount Due Seller:
Excess deoosit (see instructions)
Settlement charaes to Seller fline 1400)
Existina 1oan(s) taken subrect to
Payoff First Mortgage to REGIONS
505. Pav11ff Second Mortaaae
506.
507.
508.
509.
Adiustments for items unpaid bv Seller
510. Citv!rown Taxes
to
511. CountvTaxes
01/01/15 to 04/16/15
512. Assessments
to
513.
514.
515.
516.
517.
518.
519.
427,746.78
866.51)
520. Total Reduction Amount Due Seller
600. Cash at settlement to/from Seller
601. Gross amount due to Seller (line 420)
602. Less reductions due Seller (line 520)
426,880.27
603. Cash
~To
*Paid outside of closing by borrower(B), seller(S), lender(L), or th1rd-party{T)
D
The undersigned hereby acknowledge receipt of a completed copy of this statement & any attachments referred
31,487.15
100,000.00
866.51
132,353.66
(
From Seller
425,000.00
132,353.66
292,646.34
to herein
Sel Ier
Borrower
CONNIE ROPER
COUNTY
PRESCOTT M.R. ROPER
The Public Reporting Burdon for this collectlon of Information Is estimated at 35 minutes per response for collectlng, reviewing, and reporting the data. This agency may not collect th ls Information, and you aro
not required to complete this form, unless It displays a currently valid OMB control number. No conflden~allty Is assured; this disclosure Is mandatory. This Is designed to provide the parties to a RESPA covered
transaction with lnforma~on during the settlement process.
HUD-1
Page 1 of 3
(SAMPLE-CRESruEW.PFD/SAMPLE-CRESruEW/5)
Packet Pg. 653
L. Settlement Charaes
$ 25,500.00
Division of commission (line 700) as follows:
700. Total Real Estate Broker Fees
l7n'1
II::
' l k i::nn
nn
tn
("':()I r"l\flH
Paid From
Borrower's
Funds at
Settlement
•I •~•rTr-'"'
I
702.$
to
703. Commission naid at settlement
704.
705.
800. Items Pavable in Connection with Loan
25 500.00
801. Our oric ination charae
802. Your credit or charge (points) for the specific interest rate chosen
803. Your adiusted oriaination charaes
804. Annraisal fee
to
805. Credit Reoort
to
806. Tax service
to
807. Flood certification
to
808.
809.
810.
811.
900. Items Reauired bv Lender to Be Paid in Advance
901. Oailv interest charaes from
to
902. Mortoaae insurance oremium for
months to
lfrom GFE#1)
(from GFE #2)
I from GFE #Al
lfrom GFE #3)
lfrom GFE #3\
lfrom GFE #3)
I from GFE #3)
ffrom GFE#3)
I from GFE #3)
lfrom GFE #3)
(from GFE #3)
$
$
= $/da"
vears to
903. Homeowner's insurance for
904.
905.
1000. Reserves Deposited with Lender
..
@ $
""
1003. Mortnane insurance
1004. Prooertv taxes
Countv Taxes
1005.
1006.
1007.
1008.
1009.
1100. Title Charges
lfrom GFE #10)
lfrom GFE #3)
""
=
""
$
$
(from GFE #9)
$
<
$
per
ner
ner
<
$
$
$
$
ner
ner
lfrom GFE #4\
Title services and lender's title insurance
<
450.00
Settlement or c!osinn fee
to Unhthouse Land Title Comnan"
lfrom GFE #51
Owner's title insurance to Old RerJublic National Title Co
<
Lender's title insurance to Old Renublic National Title Co
<
Lender's title nolicv limit
425,000.00
$
Owner's title nolicv limit
to Ur1hthouse Land Title Comnanv
Anent's nortion of the total title insurance nremium
Underwriter's oortion of the total title insurance nremium to Old Reoublic National Title Co
to Unhthouse Land Title Comnanv
$
75.00
Preliminarv Search Fee
$
to Old Renub!ic National Title
Surcharoe Fee
$
$
$
1200. Government Recording and Transfer Charges
to Recorder's Office
1201. Government recordina charaes
18.50
1202. Deed <
1203. Transfer taxes
1204. Citv/Countv tax/stamns
Mortnane
1205. State tax/stamos
1206.
0.00
'from GFE#11\
lfrom GFE#11l
(from GFE#11)
1001. Initial deposit for your escrow account
1002. Homeowner's insurance
1101.
1102.
1103.
1104.
1105.
1106.
1107.
1108.
1109.
1110.
1111.
1112.
1113.
Paid From
Seller's
Funds at
Settlement
<
I from GFE #7)
Other
I from GFE #8\
Releases ~
•
$ 2,975.00
525.00
2 200.00
$
$
1 540.00
660.00
3.28
18.50
<
<
2,975.00
$
1207.
1300. Additional Settlement Charges
1301. Reauired services that ,,,...,u can shoo for
1302. 2014 taxes !March amount)
to Okaloosa CountvTax Collector
1303.
1304.
1305.
1400. Total Settlement Charges (enter on lines 103, Section J and 502, Section K)
lfrom GFE#6)
$
$
$
$
3,012.15
2,746.78
31,487.15
•Paid outside of closing by borrower(B), seller(S), lendor(l), or thlrd~party(T)
By signing page 1 of th ls statement, the signatories acknowledge receipt of a completed copy of page 2 & 3 of this throe poge statement.
Lighthouse Land Title Company, Settlement
Agent
HUD-1
Page 2 of 3
(SAMPLE-CREST~EW.PFD/SAMPLE-CRESTVIEW/1)
Packet Pg. 654
Packet Pg. 655
Packet Pg. 656
Packet Pg. 657
Packet Pg. 658
Packet Pg. 659