Subject:
Title
Approval, Re: Option Agreement for Sale and Purchase of the AMC Malabar LLC property through The Conservation Fund – District 3
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Fiscal Impact:
The cost of this acquisition is $2,425,000 ($1,875,000 from Fund 3218, Cost Center 340241 of the Environmentally Endangered Lands (EEL) Program and $550,000 from a grant from The Nature Conservancy).
Dept/Office:
Parks and Recreation EELs Program
Requested Action:
Recommendation
It is requested that the Board of County Commissioners (BOCC):
approve the Assignment of Option for Sale and Purchase of the AMC Malabar LLC property;
approve and authorize the Chair to sign the attached resolution regarding the real property purchase, the purchase agreement, and execution of a grant agreement with The Nature Conservancy,
authorize the Chair to execute the Assignment of Option for Sale and Purchase contingent upon the County Attorney’s review of the title policy and owner’s Beneficial Interest Statement;
authorize staff to exercise the Option for Sale and Purchase;
authorize the Chair to sign and execute all necessary closing documents upon County Attorney and County Finance approval;
approve the acceptance of the Grant Award Agreement from The Nature Conservancy;
authorize the Chair to execute all necessary documents for acceptance of the grant funds; and
authorize the County Manager to execute all necessary budget amendments (BCRs) or other administrative actions necessary to support this acquisition.
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Summary Explanation and Background:
The subject property is 19.68 +/- acres located on US Highway 1 in the Town of Malabar, directly adjacent to the Jordan Scrub Sanctuary. The property is ranked as a high priority for acquisition by the EEL Selection and Management Committee. As described in the Board-approved EEL Land Acquisition Manual, the property contains habitats that represent Natural Community Groups A & B including scrub, scrubby flatwoods, and mesic flatwoods. The property is 100% upl...
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