Title
Consider a resolution authorizing the Mayor to execute a real estate purchase contract with Nelson Homestead Family Partnership, Ltd., for a 2.50 acre fire station site.
Body
This proposed purchase is for a future fire station site in the NW quadrant of CR 110 and University Blvd, and as part of a simultaneous transaction to purchase an adjacent 4.50 acre water tank site from the same owner. The purchase price of $8.35/SF was negotiated with the owner using appraisal value data derived from the City's CR 112 right of way acquisitions from the same owners.
Cost: $909,315.00
Source of Funds: General Self-Financed Construction