Action Item

 Resolution No. 2018-18 – Estero River Land Purchase

Estero RiverCouncil adopted this resolution with changes made to the purchase and sale agreement.

The resolution authorizes the amended purchase and sale agreement with The Trust for Public Lands for 62 acres of land adjacent to the Estero River.

This acquisition will require the Village to obtain financing and Staff is currently in the process of developing a Request for Proposals which will be issued to be consistent with the timing of the closing within 120 days from execution of the purchase and sale agreement.

$26,000,000 has been budgeted in 2018-2019, to include the $24,562,500 purchase price and an additional $1,437,500 in closing, debt issuance and design/development alternatives costs. (