PLACEMENT: Departmental
TITLE:
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FINAL APPROVAL OF A CONTRACT TO PURCHASE AND SELL REAL ESTATE BETWEEN MARTIN COUNTY AND KL WATERSIDE LLC AND ADOPTION OF A RESOLUTION ACCEPTING AND APPROVING A WARRANTY DEED FOR RELOCATION OF COUNTY OPERATIONS AND MAINTENANCE FACILITIES
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EXECUTIVE SUMMARY:
executive summary
This is a request for final approval by the Board of County Commissioners (Board) of a Contract to Purchase and Sell Real Estate (Contract) between Martin County (County) and KL Waterside LLC (KL), along with the adoption of a resolution upon approval, accepting and approving a Warranty Deed, all related to the County's acquisition of a 29.803-acre parcel off of SW Kanner Highway, which will be used for the relocation of County operations facilities.
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DEPARTMENT: Public Works
PREPARED BY: Name: Carla T. Segura, FRP
Title: Real Property Manager
REQUESTED BY: Don G. Donaldson, P.E., CFM, Deputy County Administrator
PRESET:
PROCEDURES: None
BACKGROUND/RELATED STRATEGIC GOAL:
1. Documents prepared by: Martin County and KL Waterside LLC
2. Parties to the Documents: Martin County - Buyer
KL Waterside LLC - Seller
3. Purpose of the Documents: Acquisition of property for relocation of County operations and maintenance facilities
4. New/Revised/Modified Documents: New
5. Duration: Perpetual
6. Benefits to Martin County: Additional space for various County operations and maintenance facilities to relocate and consolidate
7. Purchase Cost to Martin County: $3,576,360 purchase price, plus due diligence and closing costs (less than $75,000)
On February 12, 2019, the Board directed staff to return with options for potential site locations for the County operations and maintenance facilities (the Maintenance and Operations Facilities). The Board approved Resolution 19-6.17 on June 18, 2019 to allocate bond proceeds to provide $6,000,000 for the relocation of the Maintenance and Operations Facilities. At the October 5, 2021 meeting, the B...
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