Interoffice Memorandum
DATE: October 8, 2024
TO: Mayor Jerry L. Demings and County Commissioners
THROUGH: Mindy T. Cummings, Manager
FROM: Elizabeth Price Jackson, Senior Title Examiner
CONTACT: Mindy T. Cummings, Manager
PHONE: 407-836-7090
DIVISION: Real Estate Management Division
ACTION REQUESTED:
title
Approval of Warranty Deed by BSREP III Prime Logistics Center, LLC to Orange County, approval and execution of Subordination of Utility Interests by and between Duke Energy Florida, LLC, d/b/a Duke Energy, f/k/a Duke Energy Florida, Inc., f/k/a Florida Power Corporation and Orange County, and authorization to perform all actions necessary and incidental to closing, and record instruments for Prime Logistics Center (RAC). District 3. (Real Estate Management Division)
body
PROJECT: Prime Logistics Center (RAC)
PURPOSE: To provide for access, construction, operation, and maintenance of roadway improvements in connection with a road network agreement.
ITEM:
Warranty Deed
Impact Fee Credits: $2,915,797.50
Total size: 7.875 acres
Subordination of Utility Interests
BUDGET: NA
REVENUE: NA
FUNDS: NA
APPROVALS:
Real Estate Management Division
County Attorney’s Office
Risk Management Division
Transportation Planning Division
Public Works Department
REMARKS: These conveyances are requirements of the Right of Way Agreement for Prime Logistics Center Taft-Vineland Road approved by the Board on August 8, 2023, and as subsequently amended.
The Subordination of Utility Interests will subordinate Duke Energy’s interest in their existing easement located in the area of County’s road construction project. If County should require Duke Energy to alter, adjust, or relocate its facilities located within said lands in connection with this Subordination, County shall pay the reasonable cost of such alteration, adjustment, or relocation, including but not limited to the cost of acquiring appropriate easements.
County is executing the Subordination to show acceptance of the terms and conditions.
BSREP III Prime Logistics Center LLC to pay all closing costs, documentary tax stamps and pro-rated taxes.