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3.
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File #: 24-1545    Version: 1 Name:
Type: Agreement/Contract Status: Passed
File created: 10/7/2024 In control: Administrative Services Department
On agenda: 10/29/2024 Final action: 10/29/2024
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)
Sponsors: Administrative Services-Real Estate Management
Attachments: 1. Prime Logistics Center RAC Warranty Deed, 2. Prime Logistics Center RAC SUB, 3. 2024-10-29 Administrative Services Department Consent Item-20
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 accep...

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