READ ALONGSIDE THE SOURCE

Okaloosa County BOCC — November 5, 2013 — Action Item Printout — reading text

Part 1 of 1. These parts divide the reading text for browsing; they are not the source document's page numbers.

Machine-extracted text — 78-Action Item Printout.pdf

Machine-extracted OCR text · Review label: Machine produced / unreviewed

Compare this copy with the preserved source. Review labels describe the recorded status of this file; they do not guarantee that the text is error-free. Spacing and line breaks are retained, with long lines wrapped to fit the screen.

BOARD OF COUNTY COMMISSIONERS AGENDA REQUEST DATE: December 17, 2013 TO: Honorable Chairman and Members of the Board FROM: Sunil Harman SUBJECT: Sale of a portion of Parcel 12 (6.9027 acres) adjacent to Bob Sikes Airport (CEW) DEPARTMENT: Airport BCC DISTRICT: All STATEMENT OF ISSUE: On November 5, 2013 the Board approved the sale of Parcel # 14 (see attached minutes) to Training & Research Center Florida, LLC (Flagstaff, Arizona). The buyer is requesting approval to purchase an additional adjacent parcel (#12-6.9027 acres) in order to expand the scope of work they project (EOD Museum/Training Area). BACKGROUND: Two appraisals have been obtained of the subject property: Teel & Waters: $20,000 per acre - $138,054.00 Total Presley - McKenney; $12,000 per acre - $82,832.40 Total Splitting the difference of the two appraisals would be $16,000.00/acre for a total purchase price of $110,400.00. The proposed buyer is offering to purchase the property at $12,300.00 per acre for a total of $84,870.00 as the buyer would incur a cost of approximately $4,400.00 - $5,500.00 per acre to clear the property. OPTIONS: Offer to sell as proposed or Reject. RECOMMENDATION: Staff recommends approval at the negotiated price derived from splitting the difference between the appraisals conditioned on the buyer being responsible for the cost of survey, appraisal, closing costs and contingent upon the buyer preparing and recording the deed including the restricting covenants and the continuing obligations as required for Parcel #14 or approving the prospective buyer’s offer of $12,300.00/acre. RECOMMENDED BY: APPROVED BY: Ernie Padgett, County Administrator

Download this text file with its original spacing ↓