Council takes another step toward acquiring land adjacent to the Estero River at their special meeting on October 31, 2018

/, News/Council takes another step toward acquiring land adjacent to the Estero River at their special meeting on October 31, 2018

Council adopted a new resolution approving the purchase and sale agreement with the Trust for Public Land for 62 acres of land adjacent to the Estero River at their meeting on October 31.

This special meeting was conducted to waive the rules in order to reconsider the vote from the last meeting on Resolution 2018-18 and address this new resolution.  (Resolution 2018-20)

The Village Attorney, the Village Land Use Attorney and the Village Manager will review the agreement to identify any issues which need to be addressed during the due diligence period over the next 40 days.

The final decision to proceed with the acquisition will be made by the Village Council.

There will be a special meeting on or before December 12 for Council to consider waiving contingencies and approve the loan commitment letter. At the January 9 meeting, Council may approve a loan agreement to initiate funding, and the closing on this land purchase could occur on January 14, 2019.

Additional details will be available in the minutes of this meeting.  Residents may also view the archived meeting by going to the Village website http://estero-fl.gov/council/watch-meetings-online/.

The next Council meeting will be conducted at 9:30 a.m. Wednesday, November 7, 2018.

 

2018-10-31T15:39:58+00:00