Legislation Details

File #: 25-730    Version: 1 Name:
Type: Agreement/Contract Status: Passed
File created: 4/29/2025 In control: Administrative Services Department
On agenda: 5/20/2025 Final action: 5/20/2025
Title: Approval and execution of Agreement for Sale and Purchase by and between Orlando 403 LLC, Orlando 403 IW LLC, Orlando 403 SW LLC, Orlando 403 MB LLC, Orlando 403 LP LLC, Orlando 403 MM LLC, Orlando 403 MR LLC, Orlando 403 DD LLC and Orange County, Florida, approval of Warranty Deed, and authorization for the Manager of the Real Estate Management Division to exercise all delegations of authority expressly provided by the Agreement for Sale and Purchase, disburse funds to pay purchase price in the amount of $10,105,766.50 for approximately 403 acres (+/-) of Environmentally Sensitive Land, and perform all actions necessary and incidental to closing for Green PLACE Parcel 232. District 5. (Real Estate Management Division)
Sponsors: Administrative Services-Real Estate Management
Attachments: 1. Green PLACE 232 Agreement 1, 2. Green PLACE 232- map and criteria, 3. Green PLACE 232 RFF, 4. 2025-05-20 Administrative Services Department Consent Item-09

Interoffice Memorandum

 

DATE: April 29, 2025

 

TO: Mayor Jerry L. Demings and County Commissioners

 

THROUGH: Mindy T. Cummings, Manager

 

FROM: Maria Esham, Senior Acquisition Agent

 

CONTACT: Mindy T. Cummings, Manager

 

PHONE: 407-836-7090

 

DIVISION: Real Estate Management Division

 

ACTION REQUESTED:

title

Approval and execution of Agreement for Sale and Purchase by and between Orlando 403 LLC, Orlando 403 IW LLC, Orlando 403 SW LLC, Orlando 403 MB LLC, Orlando 403 LP LLC, Orlando 403 MM LLC, Orlando 403 MR LLC, Orlando 403 DD LLC and Orange County, Florida, approval of Warranty Deed, and authorization for the Manager of the Real Estate Management Division to exercise all delegations of authority expressly provided by the Agreement for Sale and Purchase, disburse funds to pay purchase price in the amount of $10,105,766.50 for approximately 403 acres (+/-) of Environmentally Sensitive Land, and perform all actions necessary and incidental to closing for Green PLACE Parcel 232. District 5.  (Real Estate Management Division)

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PROJECT:
Green PLACE Parcel 232

 

PURPOSE: To preserve Environmentally Sensitive Lands (ESL).

 

ITEM:
Agreement for Sale and Purchase
(Parcel 232)
Cost: $10,105,766.50
Size: approximately 403 acres (+/-)

Warranty Deed
(Instrument 232.1)

 

BUDGET: Account No. 1023-068-4303-6110 

 

REVENUE: N/A

 

FUNDS:
$10,105,766.50 - Payable to Cobblestone Title Services, LLC (purchase price, title insurance, and closing costs)

 

APPROVALS:
Real Estate Management Division
Environmental Protection Division

 

REMARKS: The subject property is located along the north side of SR 50, just east of SR 520 in Christmas, Florida and identified as Parcel ID No. 31-22-33-0000-00-013 (“Property”).  Property is currently vacant covering a total of approximately 403 acres (+/-) with approximately 103 acres (+/-) classified as wetlands and is zoned A-2, Farmland Rural District, with Rural future land use. Property is irregular in shape and located within Flood zone “X” and “A” of FEMA Flood Map 1209C0320F. See area highlighted in light blue on the attached map.

This action adds approximately 403 acres (+/-) of ESL to the Environmental Protection Division’s Green PLACE Program.  Property meets the evaluation and selection criteria outlined in Administrative Regulation 11.07.01 ESL Acquisition (see criteria attached) and provides water resource protection, aquifer recharge, and floodplain storage; closes gaps between other publicly owned lands. Final acreage will be determined by survey.

Closing is contingent upon completion and acceptance of due diligence of the Property, to be undertaken by the County during the inspection period. 

Seller to pay documentary stamp taxes and prorated taxes.