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Contract for Sale and Purchase of Real Estate Between Hawk Lake Hideaway, LLC, and Hernando County Water and Sewer District for Property Located on Hexam Road for Proposed Water Treatment Plant for Utilities Department
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BRIEF OVERVIEW
The Hernando County Utilities Department has entered into an agreement with Hawk Lake Hideaway, LLC, a Delaware Limited Liability Company, to establish a Water Treatment Plant (WTP) on a portion of Parcel Key No. 343131 in accordance with the County’s 2022 Development Agreement for Lake Hideaway.
Staff recommends the contract to purchase property located east of Commercial Way and south of Hexam Road, owned by Hawk Lake Hideaway, LLC in the amount of $190,000.00 be approved.
The Legal Description is as follows:
A parcel of land lying in and being a part of the Southeast 1/4 of Section 8, Township 22 South, Range 18 East, Hernando County, Florida and being more particularly described as follows:
Commence at the Northwest corner of said Southeast 1/4 of Section 8, Township 22 South, Range 18 East, Hernando County, Florida; Thence South 00º 17’ 26” East, along the West boundary of said Southeast 1/4, 100.00 feet to the South right-of-way line of Hexam Road; Thence North 89º 49’ 53” East, along said right-of-way line, 325.00 feet; Thence South 00º 17’ 26” East, 30.00 feet to the point of beginning; Thence North 89º 49’ 53” East, 650.00 feet; Thence South 00º 17’ 26” East, 125.00 feet; Thence South 89º 49’ 53” West, 325.00 feet; Thence South 00º 17’ 26” East, 465.00 feet; Thence South 89º 49’ 53” West, 325.00 feet; Thence North 00º 17’ 26” West, 590.00 feet to the point of beginning.
Subject to easements, restrictions and right-of-way of record.
Containing 5.33 acres, more or less.
Being a Portion of Parcel ID No.: R08 422 18 0000 0050 0000
Key No.: 343131
FINANCIAL IMPACT
Funds for this acquisition are available in the following:
Expense:
Fund: B411 - HCUD WATER & SEWER FUND, Department: 200 - HCUD Administration, Account: 566100 - CAPITAL LAND.
LEGAL NOTE
The Board is authorized to act on this matter pursuant to Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended the Board approve and authorize the Chairman’s signature on the attached Contract for Purchase and Sale of Real Estate, approve the attached associated budget amendment and authorize the County Attorney’s Office to sign the necessary documents on behalf of the County to close this transaction.