Agenda Item Name:
Title
Austin Cary Flatwoods - Parcel E 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 Austin Cary Flatwoods - Parcel E Tract (?1,242.83 acres) through the Alachua County Forever program. The execution of this Contract, and the associated License to Cut Timber are the final BoCC actions on the acquisition of this project. The purchase price is above our appraised values, so the approval by the BoCC would require a super majority.
Recommended Action:
Recommended Action
1. Approve and authorize the Chair to execute the Contract to purchase the Austin Cary Flatwoods - Parcel E Tract (For this to pass, a supermajority must vote in the affirmative.); and
2. Approve and authorized the Chair to execute the Parcel E - License to Cut Timber; and
3. Authorize staff to execute additional documents as necessary to close the transaction; and
4. Approve any necessary budget transfers required for the Austin Cary Flatwoods - Parcel E Project acquisition.
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Prior Board Motions:
On April 25, 2017, the BoCC placed Austin Cary Flatwoods - Parcel E Tract on the Active Acquisition List (Full-Price).
Fiscal Consideration:
Fiscal Consideration
Total acquisition costs are estimated to be $3,349,998.55 for the land plus $136,927.50 for due diligence and closing services. The basis for these estimates are detailed below. The final land purchase price will be based on $2,695.46 per/acre multiplied by the surveyed acreage as defined in the Contract. A precise determination of the Austin Cary Flatwoods - Parcel E Tract total acres will not be known until a boundary survey is complete.
In order to provide sufficient spending authority to cover an unanticipated change in acreage and associated acquisition costs, staff is requesting authorization to expend an amount equal to the estimated acqui...
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