Agenda Item Name:
Title
Santa Fe River - Brown Option Contract to Purchase a Conservation Easement
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Presenter:
Charlie Houder / (352) 264-6804
Description:
Staff requests the Board of County Commissioners (BoCC) to approve and exercise the attached Option Contract to Purchase a conservation easement over the 371-acre Santa Fe River - Brown property, from David Brown, through the Alachua County Forever program. The exercise of the Option Contract to Purchase a Conservation Easement is the final BoCC action on the acquisition of this project.
Recommended Action:
Recommended Action
1. Approve and authorize the Chair to exercise the Santa Fe River - Brown Option Contract to Purchase a Conservation Easement;
2. Accept title exceptions #4, #5 and #6 as described in the Background Section and delegate to the County Manager the decision to evaluate the results of the due diligence and close this transaction;
3. Authorize the County Manager to execute additional documents as necessary to close the transaction; and
4. Approve the attached budget amendment authorizing the expenditure of funds for due diligence and associated closing costs.
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Prior Board Motions:
On August 8, 2006, the BoCC placed Santa Fe River - Brown property on the Active Acquisition List (Full Fee).
Fiscal Consideration:
Fiscal Consideration
The amount of the Option payment is a non-refundable $1,000.00. However, if the option is exercised, the $1,000.00 will be applied to the final purchase contract price.
Total Conservation Easement acquisition costs are estimated to be $445,200 for the land plus $89,007 for due diligence and closing services. The basis for these estimates is detailed below. The final purchase price will be based on $1,200.00 per acre multiplied by the surveyed acreage as defined in the Option Contract. A precise determination of the Santa Fe River - Brown property's total acres will not be known until a boundary survey is complete.
In order to provide suff...
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