Ocoee to consider selling, purchasing property

City leaders will discuss during tonight’s commission meeting what actions to take regarding the sale of two separate pieces city-owned property.

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  • | 10:15 a.m. March 5, 2019
  • West Orange Times & Observer
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Ocoee commissioners are set to discuss the sale of two separate properties and the purchase of one property within the city.

The first property sale discussion pertains to an 8.5-acre parcel located within the northeast quadrant of Clark Road and A.D. Mims Road. The property was part of a 12-acre parcel that the city purchased in 2006 from Silvestri Investment Group of Florida, Inc. for $3.5 million. The 8.5-acre property has been appraised for $1.105 million. Meritage Homes of Florida, Inc. is offering to purchase the 8.5-acre property for $1.1 million with the purpose of developing a 64-townhome subdivision on the property.

Commissioners are also considering the sale of an approximately 13.51-acre property along Ocoee Apopka Road adjacent to Ocoee High School. The city acquired this property in 2000 when it purchased 318-acres — known as the Crown Point Property — from the Coca Cola company at a total price of $3.75 million, or $11,792 per acre. The 13.51-acre property was valued in December 2018 for $2.92 million. Three separate entities have made offers to purchase the 13.51-acre property: Summit XV Holdings LLC. offered to purchase the property for $93,750 per acre; The Keewin Real Property Company offered to purchase the property for $100,280 per acre; and Meritage Homes of Florida, Inc. offered to purchase it for $108,709 per acre.

City leaders also will be discussing the possible purchase of the Gettings Studio property located at 275 N. Lakeshore Drive. The property owner recently offered to sell the property to the city, which has been appraised at $1.92 million. City staff wants to offer $2.5 million to purchase the property because of its unique location along Starke Lake and due to the city’s redevelopment efforts along Starke Lake.

Any residents with questions or concerns may contact Ocoee City Hall at (407) 905-3100.


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