Agenda Item Name:
Title
Lochloosa Slough - Fox Pen Connector Tract Contract to Purchase Real Property
End
Presenter:
Charlie Houder / (352) 264-6804
Description:
Staff requests the Board of County Commissioners (BoCC) to approve and execute the Contract to purchase the Lochloosa Slough - Fox Pen Connector Tract from Weyerhaeuser (? 3,995.67 acres) through the Alachua County Forever program. The execution of this Contract is the final BoCC action on the acquisition of this project.
Recommended Action:
Recommended Action
1. Approve and authorize the Chair to execute the Contract to purchase the Lochloosa Slough - Fox Pen Connector Tract;
2. Approve the acquisition subject to the following title exception numbers as per the attached title commitment: 8, 16, 20, 24, 29, 30, 31 & 32; and delegate to the County Manager the authority to accept or reject any additional environmental, title, survey or permitted exceptions;
3. Authorize staff 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.
5. Authorize staff to use WSPP - Land Acquisition funds for the land management cost associated with this property over time.
End
Prior Board Motions:
On May 28, 2019, the BoCC placed Lochloosa Slough - Fox Pen Connector on the Active Acquisition List (Full-Price).
Fiscal Consideration:
Fiscal Consideration
The amount of the Earnest Money payment is $1,000.00. This amount is refundable if the County cancels the contract. At closing, the $1,000.00 will be applied to the final purchase price.
The contract allows the County Manager to cancel the contract "for any reason or no reason" during the due diligence period of 146 days.
Total acquisition costs are estimated to be $10,748,352.30 for the land plus $189,140 for due diligence and closing services. The basis for these estimates are detailed below. The final land ...
Click here for full text