6/18/1991 - Laserfiche WebLink

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I JUN 18 1991 RUUK. 83 74S CURRENT Staff has contacted the property owner and negotiated a price. The selling price was originally $2.3 million dollars and has been negotiated to $1.86 million dollars. The $1.86 million dollars is within the two obtained appraisals. The SJRWMD is willing to pay 50% of $1.80 million dollars or $900,000 (48.39%) leaving the County to pay the remainder or $960,000 - (51.61%). RECOMMENDATION Staff recommends the.. Board approve spending $960,000 plus an estimated $7,000 in associated closing expenses for the joint purchase of the Oslo Road property and authorize the Board Chairman to sign the purchase contract and other necessary related documents. As indicated in the Budget Director's memo dated 6/12/91, funding for this acquisition would come from two .sources: 1) $817,368 from the Library Construction Fund remaining balance 2) $149,632 from MSTU Contingencies y r $967,000 Chairman Bird stated that he is all in favor of the proposed purchase, but he has a couple of questions. When we purchase jointly with.St. Johns, who takes title to the property, or it is jointly titled, and what strings are attached by virtue of their participation? Roland DeBlois, Chief of Environmental Planning, understood that St. Johns would retain a 50% undivided interest and would have a say in the development of the management plan, but they have indicated they would not be involved in the implementation or on-going maintenance. The Mosquito Control District is in position to get SWIM funds for managing the impoundment and integrating it back into the river, and the Entomological Lab has indicated they would help with the management. ON MOTION by Commissioner Eggert, SECONDED by Com- missioner Scurlock, the Board unanimously (3-0) approved staff recommendation for the joint purchase of the Oslo Road property and authorized the Board Chairman to sign the purchase contract and other necessary related documents. (SAID CONTRACT NOW FULLY EXECUTED AND RECEIVED AND ON FILE IN THE OFFICE OF CLERK TO THE BOARD)