Agenda Item Name:
Title
Lake Santa Fe - Johnson Tract Option Contracts 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 Options to purchase the Lake Santa Fe - Johnson Tract (? 247 acres, Parcels: 18796-002-000, 18787-000-000, 18795-000-000, and a portion of 18688-000-000 & 18784-001-000) through the Alachua County Forever program. The approval to exercise these Options is the final BoCC action on the acquisition of this project. (Exhibit 1 & 2)
Recommended Action:
Recommended Action
Approve and exercise the Options to purchase the Lake Santa Fe - Johnson Tract, and authorize staff to execute additional documents as necessary to close the transaction.
Approve any necessary budget transfers required for the Lake Santa Fe - Johnson Project acquisition.
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Prior Board Motions:
On September 12, 2018, the BoCC placed Lake Santa Fe - Johnson Tract on the Active Acquisition List (Full Fee).
Fiscal Consideration:
Fiscal Consideration
The purchase price in the Options are $7,900 per surveyed acre, or a total of $1,951,300 based on 247 acres. Staff is requesting budgetary authority in the amount of $2,048,865, or 5% above the estimated purchase price, in order to provide for any additional acreage identified by the surveyor. The purchase price and all acquisition costs is estimated at $2,135,565. This includes the survey, environmental site assessment, title commitment, and legal services.
This purchase price is supported by the appraisals provided by Pinel & Carpenter, Inc. and Santangini Appraisals, LLC.
The Option Contracts include $1,000.00 non-refundable payments for the Options. These two payments of $1,000.00 each, will be applied to the purchase price if the transactions close.
WSPP - Land Acquisition (Capital Expense)
Fund#: 021.41.4160.537.61.00 - 6194101 Lake Santa Fe - Johnson
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Background:
On July 26, 2018, the ...
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