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Commission approves purchase of 160 Marine St. for Lake Maria Sanchez floodwall staging and protection
Summary
The City agreed to buy 160 Marine Street for $1.475 million to allow construction and staging of a flood wall that is part of the Lake Maria Sanchez drainage improvements; staff said the purchase avoids eminent-domain costs and could be resold after the project.
The St. Augustine City Commission on June 23 approved a resolution authorizing the city manager to purchase the vacant parcel at 160 Marine Street for $1,475,000 to support construction of a flood wall tied to the Lake Maria Sanchez drainage improvements project.
City staff told commissioners the appraisal for the parcel was $1,284,000; staff and the seller negotiated a purchase price above the appraisal but said the city would avoid additional legal costs and potential eminent-domain…
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