Subject:
Title
Approval, Re: Resolution and First Amendment to Exchange Agreement between Brevard County and Space Coast Town Centre I, L.L.C. (S.C.T.C.)- District 5.
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Fiscal Impact:
No costs to the County - S.C.T.C. to pay any costs associated with the First Amendment.
Dept/Office:
Public Works Department / Land Acquisition
Requested Action:
Recommendation
It is requested that the Board of County Commissioners: 1) adopt and authorize the Chair to execute the attached Resolution, 2) authorize the Chair to execute the attached First Amendment to Exchange Agreement, and 3) authorize the Chair to execute any and all documents required to effectuate this First Amendment to Exchange Agreement, including, but not limited to, the signing of any necessary closing documents, and obtain the applications and documents required by the agencies that will be issuing the necessary permits.
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Summary Explanation and Background:
The subject property is located in Section 3, Township 28 South, Range 36 East, on the east side of St. Johns Heritage Parkway in West Melbourne.
The Board of County Commissioners, in regular session on December 21, 2021, approved and authorized the Chair to execute Exchange Agreement between Brevard County and Space Coast Town Centre I, L.L.C.
The County previously agreed to an exchange of property interests with S.C.T.C. on December 21, 2021, wherein the County agreed to exchange its parcel that has direct frontage on St. Johns Heritage Parkway ("County Parcel") to S.C.T.C. for easement rights to a new stormwater and surface water pond on Tract B once certain drainage improvements were constructed by S.C.T.C. ("Stormwater Improvements"). The County Parcel is currently used as a drainage pond for stormwater and surface water from St. Johns Heritage Parkway and, once the improvements were constructed by S.C.T.C., the County would no longer need the County Parcel. S.C.T.C. now desires to modify the original Exchange whereby the County will trans...
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