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Release of Reservation of Mineral Rights to Richard Kraus for Property Located on Mulberry Drive (Key #00398037)
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BRIEF OVERVIEW
Mineral Rights were reserved by Hernando County by Statutory Deed for Parcel Key No. 398037 to Richard Kraus. This deed was recorded on December 6, 2018, in Official Record Book 3649, Page 826 of Hernando County, Florida.
In accordance with Section 270, Florida Statutes, Hernando County retained mineral rights on all surplus property sales, including this sale to Richard Kraus.
As the current property owner, Richard Kraus, has requested that Hernando County release the reservation of mineral rights concerning any phosphate, minerals, metals or petroleum. Since August 2022, at the direction of the Board of County Commissioners, Hernando County expressly releases all mineral rights for sales of surplus property, as permitted under Section 270.11, Florida Statutes.
The reservation of rights is defined as follows:
“An undivided three quarters 3/4 interest in and title in and to all phosphate, minerals, and metals that are or may be in, on, or under said land and an undivided one half 1/2 interest in all petroleum that is or may be, in, or under said land with the privilege to mine and develop same.”
The property is further described as:
Lot 7, Block 33, of RIDGE MANOR ESTATES, Unit 2, a subdivision according to the Plat thereof, recorded in Plat Book 10, Pages 2-27 & 88-93, of the Public Records of Hernando County, Florida
Property Parcel # R36 122 21 0870 0330 0070
Parcel Key # 398037
STRATEGIC PLAN INITIATIVES
N/A
FINANCIAL IMPACT
Recording fees to be paid by property owner, therefore no financial impact to Hernando County.
LEGAL NOTE
The Board is authorized to act on this matter pursuant to Section 270.11(2)(b), Florida Statutes.
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RECOMMENDATION
If the Board determines that the request serves the best interests of the County, it is requested that the Board approve and authorize the Chairman’s signature on the attached Release of Reservation of Mineral Rights document which will then be recorded in Official Records.