7/21/1987 - Laserfiche WebLink

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i ON MOTION by Commissioner Eggert, SECONDED by Commissioner Wheeler, the Board unanimously accepted the only bid, Suburban Carting, Inc., in the amount of $6100 for the 40 yd. containers. PURCHASE AGREEMENT WITH STATE FOR HOWELL-CHAPMAN ACQUISITION The Board reviewed the following memo dated 7/20/87: TO: The Board of C unty Commissioners THROUGH: Charles itunac County Attorney DATE: July -.20, 1987 SUBJECT: Save Our Coast Howell -Chapman Acquisition FROM: Bruce Barket - Assistant County Attorney On or about August 11: a trial is scheduled for a jury to determine what price must be paid to acquire the Howell -Chapman parcel in eminent domain proceedings. The Board of Trustees of .the Internal Improvement Trust Fund, through the Save Our Coast program, is contributing $2,490,683.00 toward purchase of the parcel. In return, the Trustees require title to the property, which will then be leased back to the County for.maintenance and operation as a public recreational area. A copy of the purchase agreement between the County and the Board of Trustees is attached for your review and approval. The agreement provides for conveyance of title to the subject property to the Trustees for $2,490,683.00, regardless of the condemnation price the County is required to pay. However, in.return for the County's contribution, the agreement also provides that the property shall be leased back to the County for public recreational use pursuant to a lease agreement which shall not be for less than 30 years. We will have a closing in escrow, and final closing will be conditioned upon a successful completion of the County's eminent domain case. That way, if we -acquire the property by settlement or by trial, we can complete the transaction with the State. If, for any unforeseen reason, the eminent domain action fails, or the jury returns a price higher than the County is wi l 1 ing to pay, then the State's money will be returned. It is recommended that the Board of County Commissioners authorize the Chairman to execute the attached Purchase Agreement with the State. Assistant County Attorney Bruce Barkett explained that this matter was added to today's Agenda as an emergency item because the agreement must be mailed to Tallahassee this morning. The purchase agreement simply says that we will convey the property - 17 BOOK 68F'�GE C7� JL 21 1W IL