Agenda Item Name:
Title
Lochloosa Slough - Fox Pen Connector, Acceptance of a Title Exception for Lack of Access to Government Lot 1, Section 27, T11S, R22E
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Presenter:
Charlie Houder / (352) 264-6804
Description:
Staff requests acceptance of a title exception related to the lack of legal access to Government Lot 1, Section 27, T11S, R22E, an isolated 40-acre parcel.
Recommended Action:
Recommended Action
1. Accept a title exception #27 (see Ex 9 - Title Commitment) related to the lack of legal access to Government Lot 1, Section 27, T11S, R22E.
2. Authorize closing of the Fox Pen Connector purchase in accordance with the agreement approved on March 23, 2021 as amended in the First Amendment of Contract for Sale, conditioned upon the County's environmental consultant confirming prior to closing that any environmental contamination is below actionable amounts.
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Prior Board Motions:
On May 28, 2019, the BoCC placed Lochloosa Slough - Fox Pen Connector on the Active Acquisition List (Full-Price).
On March 23, 2021, the BoCC approved and authorized the Chair to execute the Contract to purchase the Lochloosa Slough - Fox Pen Connector.
Fiscal Consideration:
Fiscal Consideration
Based on the current contract, the purchase price is $2,960.00 per acre, for an estimated total of $10,748,352.30. The total authorized expenditure authority including due diligence and contingency for survey adjustments is $12,031,241.53 funded by Wild Spaces Public Spaces. 021.41.4160.537.61.00, 6194101: Lochloosa Slough: Fox Pen Connector.
There is no additional fiscal impact related to this item.
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Background:
At its March 23, 2021 meeting, the Board approved the exercise of the County's option to purchase the Fox Pen Connector subject to the completion of due diligence and resolution of certain title exceptions noted in the title commitment (Ex 9). At that meeting, the Board approved accepting the property subject to the following title exceptions liste...
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