11/19/1996 - Laserfiche WebLink

Home Browse Search

r----7 J G. AGC Industrial Tract Scrub LAAC Site - Authorize Chairman to Shin Documents The Board reviewed a Memorandum of November 13, 1996: TO: James E. Chandler County Administrator DE R ME7 BEAD CONCURRENCE: R6berf M. Keating, AWP Community Development Director FROM: Roland M. DeBlois AICP Chief, Environmental Planning DATE: November 13, 1996 SUBJECT: REQUEST THAT BOARD AUTHORIZE BOARD CHAIRMAN TO EXECUTE DOCUMENTS RELATING TO CLOSING OF AGC INDUSTRIAL TRACT SCRUB LAAC SITE - It is requested that the information herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of November 19, 1996. DESCRIPTION AND CONDITIONS At a public hearing on September 17, 1996, the Board of'County Commissioners approved purchase of the Atlantic Gulf Communities (AGC) Industrial Tract Scrub property. The +76 acre property, located in the north limits of the City of Sebastian, is on the County Land Acquisition Advisory Committee's (LAAC's) acquisition list. The approved purchase price is $400,000 (89% of appraised value); the property is being purchased with environmental land acquisition bond funds and a 40% cost -share grant from the Florida Communities Trust (FCT). At the September 17, 1996 meeting, the Board approved the AGC Industrial Tract purchase contract and management plan. In addition, the Board approved exercise of the option, and authorized staff to proceed with closing on the subject property. Although staff has been authorized to close on the property in coordination with the FCT, a number of closing documents require the Board Chairman's signature. Since the Board did not specifically authorize the Board chairman to execute closing documents, this matter is presented for that authorization. ANALYSIS Three documents that require the Board Chairman's signature for the County to close on the subject property are: • Addendum I to the FCT Conceptual Approval Agreement • FCT Grant Award Agreement • Purchaser's Reconciliation of Total Costs Addendum I to the Conceptual Approval Agreement extends the expiration date of the Agreement to allow time for closing, which is expected to occur in December. The original Conceptual Approval Agreement between the County and the FCT expired on November 8, 1996. However, prior to that date, staff requested and -the FCT Governing Body approved an extension of the Agreement. Although the FCT has approved the extension, execution of the Addendum by the County and the State is necessary to formally extend the Conceptual Approval Agreement. NOVEMBER 19, 1996 23 BOOK 99 PAGE 880