AGENDA MEMORANDUM

 

 

Meeting Date:           October 23, 2006

 

From:                          Darel Craine, Assistant Director, Environmental Services Department

 

Subject:                      Resolution authorizing execution of a Contract for Sale and Purchase with

                                    C & C Peat Company, Inc.

 

 

Staff Recommendation:

Staff recommends acceptance of Contract for Sale and Purchase executed by Stephen Cook, as President of C & C Peat Co., Inc., for property located entirely within the City’s Turnpike Wastewater Treatment Facility.

 

Analysis:

C & C Peat Company, Inc. and the City of Leesburg entered into a Lease Agreement for property within the City’s Turnpike Wastewater Treatment Facility under Resolution #7411 dated August 8, 2005, which gave them an option to purchase the property.    In a letter dated August 16, 2006, C & C Peat Co., Inc. advised the City of their intent to exercise Lessee’s Option to Purchase the Ground Leased Premises as contained in Article 3 of the Ground Lease with Purchase Option in the Lease Agreement.

 

Options:

1.  Approve the resolution and contract as presented, or;

2.  Such alternative action as the Commission may deem appropriate

 

 

Fiscal Impact

Total purchase price to be paid for the property is $480,000.00

 

Submission Date and Time:    10/19/2006 9:23 AM____

Department: _Environmental Services__

Prepared by:  _Marj Allman__________                     

Attachments:         Yes__x_   No ______

Advertised:   ____Not Required ______                      

Dates:   __________________________                     

Attorney Review :       Yes_x_  No ____

                                                

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head __yes___

 

Finance  Dept. __________________                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager ________RS___________

 

Account No. _________________

 

Project No. ___________________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________


 

RESOLUTION NO._______________

 

A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A CONTRACT FOR SALE AND PURCHASE WITH C & C PEAT COMPANY, INC. FOR PROPERTY LOCATED WITHIN THE CITY'S TURNPIKE WASTEWATER TREATMENT FACILITY CURRENTLY LEASED ON WHICH C & C PEAT CO., INC HAS EXERCISED AN OPTION TO PURCHASE ; AND PROVIDING AN EFFECTIVE DATE.

 

BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:

 

            THAT the Mayor and City Clerk are hereby authorized to execute an agreement with C & C Peat Company, Inc. whose address is 9200 Edgewater Drive, Clermont, FL 34711, for purchase of property located within the City’s Turnpike Wastewater Treatment Facility currently leased to C & C Peat Co, Inc. on which it has exercised an option to purchase.

 

             THAT this resolution shall become effective immediately.

 

PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a regular meeting held the _23rd____ day of _October________ 2006.

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

__________________________

City Clerk