Item Coversheet

Santa Rosa County District Schools


Submitted By:Joey Harrell


Administrative
Action Agenda

Title of Item:Conduct Public Meeting and Approve Purchase of 42 Acres from Three Sellers for Future Educational Facilities
Description/Introduction:

Conduct Public Meeting on Purchase of Land on south side of U.S.Hwy 98, east of Sea Visa Ct., west of Constellation Drive.  

Adopt Resolution approving and ratifying execution of Purchase Agreements providing for acquisition, ownership, development, and maintenance of educational facilities, auxiliary facilities, and related institutional uses on the Land, and authorizing closing the transactions upon satisfaction of conditions.

Recommendation/Action Requested:Approve and adopt proposed Resolution as presented


Financial Impact:
A-Funds required from School Board?Yes
B-Amount required$1,976,000.00 (total to 3 Sellers: $525,000.00 to EGB, $1,430,000.00 to H&H, & $21.000.00 to M&M)
C-Grant/Project Synopsis attached?No
D-Date Grant/Project Reviewed/Approved by Accountant:


Legal Review
Does item require legal review?Yes
If Yes, Approval DateDan Harrell/June 9, 2020

REVIEWERS:
ReviewerActionDate
Harrell, JoeyApproved7/1/2020 - 10:21 AM
Pattullo, MelanieApproved7/1/2020 - 2:46 PM
ATTACHMENTS:
DescriptionUpload DateType
Agreement (EGB)6/9/2020Backup Material
Agreement (H&H)6/9/2020Backup Material
Agreement (M&M)6/9/2020Backup Material
Summary of Proposed Transaction6/9/2020Backup Material
Draft Approving Resolution of Board7/6/2020Cover Memo