Subject:
Title
Approval, Re: Resolution, Amendment to Exchange Agreement Between Nasa Investment Partners, LLC and Brevard County, Florida and Right-of-Way Use Agreement - District 5.
End
Fiscal Impact:
None
Dept/Office:
Public Works Department / Land Acquisition
Requested Action:
Recommendation
It is requested that the Board of County Commissioners: 1) accept and authorize the Chair to execute the attached Resolution, Amendment to the Exchange Agreement Between Nasa Investment Partners, LLC and Brevard County, Florida and Right of Way Use Agreement, and 2) authorize the Chair to sign any and all documents to effectuate the Exchange...End
Summary Explanation and Background:
The subject property is located in Section 36, Township 27 South, Range 36 East, at the intersection of Nasa Boulevard and Wickham Road in Melbourne.
The Board of County Commissioners, in regular session on July 23, 2019, approved and executed an Exchange Agreement with Nasa Investment Partners, LLC (N.I.P.) related to a stormwater retention area in the southeast quadrant of the intersection of Nasa Boulevard and Wickham Road, and authorized the Chair to sign all closing documents required at closing. The Agreement provided for specific easements which the parties are seeking to update and amend. The parties agree that the updates to the easements are needed to ensure certain property interests for access, ingress, egress, drainage, utilities, maintenance, roadway, sidewalk, and other purposes are retained. The changes to the easements are as follows:
Parcel 801 Roadway and Drainage easement is amended to Drainage and Utility Easement
Parcel 802 Ingress and Egress Easement is amended to Ingress, Egress, Drainage, Utility and Canal Maintenance Easement
Parcel 803 Drainage Easement is amended to Drainage and Utility Easement
Parcel 804 Roadway and Drainage Easement is amended to Roadway, Sidewalk, Utility and Drainage Easement
The Resolution is pursuant to Section 125.37, Florida Statues, au...
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