Item M4BOARD OF COUNTY COMMISSIONERS
AGENDA ITEM SUMMARY
Meeting Date: 8-15-07 Division: ________________________
Bulk Item: Yes X No Department: Commissioner Dixie Spehar
AGENDA ITEM WORDING
: Approval of the Purchase and Sale Agreement between Monroe
County and King’s Point Marina LLC, for the sale of the Hickory House Property.
ITEM BACKGROUND:
BOCC granted approval to consider the bid received by King’s Pointe
Marina LLC, for the purchase of the Hickory House property at the June 20, 2007 BOCC meeting.
PREVIOUS RELEVANT BOCC ACTION:
In 2006, the BOCC purchased the Hickory House to
provide waterfront access for the public. However, due to recent budget issues it was decided to try to
recoup the cost of the purchase and at the same time preserve waterfront access.
At the April 18, 2007 BOCC meeting, approval was given to go out for bid to sell the Hickory House
property. The bid opening date was June 5, 2007, with one respondent. The respondent, King’s Pointe
Marina, bid $3.1 million, plus ROGO exemptions, will provide public waterfront access, boat launch
facility, bait shop, and affordable housing.
CONTRACT/AGREEMENT CHANGES:
N/A
__________________________________________________________________________________
STAFF RECOMMENDATIONS:
Approval of Purchase and Sale Agreement
TOTAL COST: Revenue to County BUDGETED:
$3.1 million Yes No
Plus ROGO exemptions, affordable housing and Public Access
COST TO COUNTY:SOURCE OF FUNDS:
None
REVENUE PRODUCING:AMOUNT PER MONTHYear ____
Yes No
APPROVED BY:
County Atty OMB/Purchasing Risk Management ____
DOCUMENTATION:
Included Not Required_____
DISPOSITION:AGENDA ITEM #
Revised 11/06