Agenda Item Name:
Title
Sale, Purchase and Escrow Agreement for Building at 3217 SW 47th Avenue for the Medical Examiner
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Presenter:
Ramon Gavarrete, P.E.
Description:
Request approval of Sale, Purchase and Escrow Agreement with 3217 Gainesville Investment, LLC for building currently used for Medical Examiner's Office
Recommended Action:
Recommended Action
Adopt the attached resolution to approve the Purchase Contract with 3217 Gainesville Investment, LLC, for the purchase of the Medical Examiner Building, authorize the Chair to sign the Agreement and authorize the Chair or the County Manager (or her designee) to sign any additional documents, approved by the County Attorney, necessary to complete this transaction
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Prior Board Motions:
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Fiscal Consideration:
Fiscal Consideration
Purchase Price of Building: $3,500,000.00
Building Condition Due Diligence Report: $ 4,990.00
Appraisal (Santangini Appraisals, LLC): $ 7,500.00
Appraisal (Pinel & Carpenter, Inc.): $ 7,500.00
Attorney's Fees: $ 3,000.00
Phase 1 Environmental Site Assessment: $ 1,875.00
Recording Costs: $ 100.00
Estimated Total Cost $3,524,965.00
Budget Available after carry forward approval $3,705,000.00 in account: 331.29.2906.527.62.00
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Background:
On December 29, 2017, 3217 Gainesville Investment, LLC (Seller and Lessor) acquired the subject property for the purpose of constructing a building to house the Medical Examiner, District 8. On June 27, 2017, the Seller, as Lessor, entered into a lease with Florida Clinical Practice Association, Inc., as Lessee, for the construction and occupancy of the 8,276 square foot medical examiner's building (the Lease). The Lease is for a period of 10 years, commencing upon the completion of construction and occupancy of the building. Also on June 27, 2017, the Lessee entered into a sublease with the University of Florida Board of Trustees...
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