Agenda Item Name:
Title
Fellowship Baptist Church Acquisition-Whether to Exercise of Option to purchase
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Presenter:
Ramon D. Gavarrete, P.E. and Claudia Tuck, LCSW
Description:
Board consideration of the exercise of the County's option contained in the Option Contract to purchase the Fellowship Baptist Church in High Springs, Florida.
Recommended Action:
Recommended Action
That the Board approve a motion to NOT exercise its option to purchase the Fellowship Baptist Church property.
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Prior Board Motions:
On March 2, 2021, the Board instructed the County Manager and staff to enter into an Option Contract with Seller, perform due diligence on the option property and report to the Board for direction.
On May 25, 2021, the Board instructed staff to negotiate the Purchase Price with Seller to reflect the information contained in the appraisal reports and the inspection reports.
Fiscal Consideration:
Fiscal Consideration
The Purchase Price of the property and improvements is $3,300,000.00.
The estimated cost of repairs or renovations to the property that are either required by code, present a potential safety concern, or would represent a potentially greater maintenance cost if left uncorrected is $432,100.00. The estimated cost of repairs or renovations that may not prevent occupancy by the County if deferred, but would likely be required in the near future is $94,500.00. Minor repairs and soft costs such as design fees, permits, etc. are not included in these estimates.
These estimates do not include the cost of any renovations or conversions triggered by the change in use of the property from a church to County use and offices, nor specific requirements of the end users/occupants of the buildings.
If Board decides to move forward with purchase and estimated repairs, funding would come from General Fund Appropriated Reserves account: 001.04.0440.590.99.20. There is currently $4,790,264 in reserves with purchase, repairs and operati...
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