CITY OF ORLANDO
COUNCIL AGENDA ITEM


Items Types:
Business and Financial Services
For Meeting of:
November 9, 2020
District: ALL From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No

Subject:
Purchase Agreement for Conserv II Edwards Property in Orange County

Summary:

The City of Orlando and Orange County (collectively referred to as "Conserv Partners") own Water Conserv II property in western Orange County and Lake County on lands that Conserv Partners operates a reclaimed water distribution system. The City of Orlando and Orange County each own a fifty percent (50%) undivided interest in the Water Conserv II property.

Conserv Partners own approximately 15.10 gross acres (4.49 usable acres) known as the Edwards Property that is the subject of this Purchase Agreement. The Edwards Property consists of two Orange County Parcel Numbers (20-23-27-0000-00-016 & 19-23-27-0000-00-019). One parcel has an address of 6709 Avalon Road and the other parcel is not addressed. The Edwards Property is identified on attached Location Map.

After the City of Orlando conveys the Edwards Property to Orange County, Orange County will exchange the Edwards Property with SLF/IV Boyd Horizon West JV, LLC, to combine with their additional land. In the exchange, Orange County will receive an approximate 2.5 acre site lying generally along the east side of Avalon Road/CR 545 at Lake Ingram Road to construct new Orange County Fire Station #48 for Horizons West.   

The Edwards Property was independently appraised by two appraisal companies. The value of the Edwards Property was determined as an average of the two appraisals of $404,600. Orange County will pay the City of Orlando one half of the average of the two appraisals or $202,300 for the City of Orlando's fifty percent (50%) undivided interest in the Edwards Property.

Orange County's companion BCC agenda item is attached for further background information.


Fiscal & Efficiency Data: Fiscal impact statement is attached.

Recommended Action:
Authorizing the Mayor and City Clerk to execute the Purchase Agreement in substantially the form attached hereto; Authorizing the Mayor and City Clerk to execute the City Deed in substantially the form attached hereto; and Authorizing the City's Real Estate Manager to execute any and all closing documents, and to extend any deadlines set forth in the Purchase Agreement, including the closing date; all subject to review and approval by the City Attorney's Office.


Agenda Item attachment(s) on file in the City Clerks Office.

Note: All agenda items must be in the City Clerk's office by Noon Friday, six(6) business days prior to the regular Monday City Council meeting.

Contact: David Bass, david.bass@cityoforlando.net; Roy Payne, roy.payne@cityoforlando.net; Laurie Botts, laurie.botts@cityoforlando.net
Approved By:

Department Date and Time
Budget Outside Routing Approval 10/29/2020 1:00 PM
City Clerk 10/29/2020 1:17 PM

ATTACHMENTS:
Name: Description: Type:
Fiscal_Impact_Statement_11.09.2020.docx Fiscal Impact Statement Backup Material
Location_Map_-_6709_Avalon_Road.pdf Location Map Backup Material
Purchase_Agreement_v_3_(REM_2020-09-28).doc Purchase Agreement Backup Material
City_Deed_v_2_(REM_2020-09-28).doc City Deed Backup Material
BCC_Agenda_Item.pdf BCC Agenda Item Backup Material

"Enhance the quality of life in the City by delivering public services in a knowledgeable, responsive and financially responsible manner."