Agenda Item Name:
Title
Buck Bay Flatwoods - Raydient Tract Option Contract to Purchase Real Property
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Presenter:
Charlie Houder / (352) 264-6804
Description:
Request for the Board of County Commissioners (BoCC) to approve and exercise the Option to purchase the Buck Bay Flatwoods - Raydient Tract (?168 acres Parcel: 07872-008-000) through the Alachua County Forever program. The approval to exercise this Option is the final BoCC action on the acquisition of this project. (Exhibit 1)
Recommended Action:
Recommended Action
The Board should approve and exercise the Option to purchase the Buck Bay Flatwoods - Raydient Tract, and authorize staff to execute additional documents as necessary to close the transaction.
Approve any necessary budget transfers required for the Buck Bay Flatwoods - Raydient Project acquisition.
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Prior Board Motions:
On July 10, 2018, the BoCC placed Buck Bay Flatwoods - Raydient Tract on the Active Acquisition List (Full Fee).
Fiscal Consideration:
Fiscal Consideration
Acquisition costs are estimated to be $705,600 plus approximately $31,000 for due diligence and closing services.? The final purchase price will be based on $4,200.00 per/acre and a precise determination of the Buck Bay Flatwoods - Raydient Tract's total acres will not be known until a boundary survey is complete. Total funding of $745,000 is being set aside for this project in case acreage is more than expected.
The Option Contract includes a $1,000.00 non-refundable payment for the Option. This payment will be applied to the purchase price if the transaction closes. This Option Payment is due to Seller within 15 days after the Option is executed by the County Manager.
WSPP - Land Acquisition (Capital Expense)
Fund#: 021.41.4160.537.61.00 - 6194101 Buck Bay Flatwoods - Raydient
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Background:
On May 25, 2018, the Land Conservation Board (LCB) placed one of the three 2015 evaluated parcels on the Full Fee, Priority Pool: 07872-008-000 (?168 acre...
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