SUBJECT
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Approve Agreement between Fox Branch Ranch Community Development District and Polk County in conjunction with the Rolling Oak Estate Drainage Project. ($40,000 one-time expense)
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DESCRIPTION
The County has a project known as the Rolling Oaks Drainage Improvement Project, to improve drainage in the area of Glenview Drive within the Rolling Oaks Estate subdivision ("Project"). The Project consists of the construction of an inlet, riprap, drainage pipelines and a large swale at the northern end of the project. The engineering for the project has identified a parcel containing approximately one-half of an acre located immediately to the north of the Rolling Oaks subdivision for the construction and future maintenance of the large swale and associated improvements. The parcel is part of the common area associated with a very recently platted residential subdivision known as Fox Branch Ranch. Discussions regarding the parcel have been ongoing with the developer throughout the permitting phases of both the County project and the development. The developer recently conveyed the parent tract to the Fox Branch Ranch Community Development District ("CDD") and negotiations with the CDD, through the developer, have resulted in a proposed purchase price of $40,000 for the parcel and the CDD has executed and delivered an Agreement for the purchase.
The County Attorney's Office and the Real Estate Services Director have reviewed the agreement and recommend approval. Approving the Agreement and authorizing the issuance of funds purchase will allow the County to acquire the final parcel needed in order to move forward with the proposed drainage improvement project.
RECOMMENDATION
Request Board approve the above-mentioned Agreement and authorize the issuance of funds in the amount of $40,000 for the purchase of the parcel.
FISCAL IMPACT
Funds are budgeted and available in Roads and Drainage 5-year CIP in the Drainage and Water Quality Fund.
CONTACT INFORMAT...
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