Subject:
Title
BOW Cocoa Properties, LLC Proposal
End
Fiscal Impact:
N/A
Dept/Office:
District 4 Commission Office
Requested Action:
Recommendation
Approval of Resolution; approval of Settlement Agreement; authorize chair to execute Resolution, Settlement Agreement and Satisfaction of Liens; notify Special Magistrate of Approval and request execution and recording of Proposed Order; forward notice of approval to Special Magistrate, Stewart Capps along with copy of Settlement Agreement and approved resolution as an attachment to settlement agreement for recording; authorize recording of Special Magistrate Order with attachments
End
Summary Explanation and Background:
BOW has proposed to settle the code enforcement liens in accordance with the terms of the attached resolution; settlement agreement; proposed Special Magistrate Order and Satisfaction. The Special Magistrate received the proposed order at a February 17 hearing and has agreed to execute and record the order if the settlement and resolution is approved by the Board. The property has remained dormant and economically unproductive for several years. The new buyer offers an exciting amateur sports business and academy that will bring a substantial benefit to the community.
Clerk to the Board Instructions:
Attach executed Resolution as Exhibit 1 to proposed settlement agreement; and record approved Resolution, settlement agreement, satisfaction of liens, and Special Magistrate Order with Settlement Agreement and approved Resolution as attachments.