Agenda Item Name:
Title
Lochloosa Slough Flatwoods - Lochloosa Slough Tract 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 execute the Contract to purchase the Lochloosa Slough Flatwoods - Lochloosa Slough Tract (?1,905 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 Flatwoods - Lochloosa Slough Tract;
2. Accept the Standard Exceptions to Title set forth in Paragraph 3 of Section II of Schedule B to the Title Commitment attached as Exhibit 4 to this Agenda item, subject to the County's ability to delete said Standard Exceptions as provided in the "Notes on Standard Exceptions," and accept the six potential title exceptions detailed below that may not be subject to deletion;
3. Authorize staff to execute additional documents as necessary to close the transaction; and
4. Approve any necessary budget transfers required for the Lochloosa Slough Flatwoods - Lochloosa Slough Project acquisition.
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Prior Board Motions:
On November 13, 2018, the BoCC placed Lochloosa Slough Flatwoods - Lochloosa Slough Tract on the Active Acquisition List (Full-Price).
Fiscal Consideration:
Fiscal Consideration
The purchase price is estimated to be $5,005,000 plus approximately $96,000 for due diligence and closing services. The final purchase price will be based on $2,600.00 per/acre and a precise determination of the Lochloosa Slough Flatwoods - Lochloosa Slough Tract's total acres will not be known until a boundary survey is complete. The figures above for acquisition, due diligence and closing services represent the maximum expected costs. Budget not required to close on the property will be returned to the Wild Spaces Pub...
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