Agenda Item Name:
Title
Santa Fe River - Bell Partial Assignment of Option Contract to Purchase Real Property
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Presenter:
Andi Christman / (352) 264-6804
Description:
Staff requests the Alachua County Board of County Commissioners (BoCC) approve and exercise the Partial Assignment of Option Contract (Exhibit 1) for 103.22 acres of the attached Alachua Conservation Trust Option Contract (Exhibit 2) for the Santa Fe River - Bell property.
The execution of this Partial Assignment of Option Contract to purchase Real Property, is the final BoCC action on the acquisition of this project.
Recommended Action:
Recommended Action
1. Approve and authorize the Chair to execute the Santa Fe River - Bell Partial Assignment of Option Contract (from Alachua Conservation Trust) to purchase Real Property, conditioned upon receipt of evidence that ACT timely paid the Option Payment and also conditioned upon receipt of evidence that one of the following has occurred: (a) that ACT has timely exercised the Option to Purchase, or (b) that the Seller has extended the Option Period through no earlier than November 9, 2022; and
2. Approve and authorize the following, conditioned upon the County entering into the Partial Assignment of Option Contract:
a. Authorize staff to close subject to title exceptions numbers 6 through 8, as listed in the attached Title Commitment;
b. Authorize staff to execute additional documents as necessary to close the transaction; and
c. 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 June 28, 2020, the BoCC placed Santa Fe River - Bell property on the Active Acquisition List (Full Price List).
Fiscal Consideration:
Fiscal Consideration
Total acquisition cost is $361,270.00 for the land plus $75,029 for due diligence and closing services. The basis for these estimates is detailed below.
In order to provide sufficient spending authority t...
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