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Resolution Conveying Real Property by Statutory Deed to Florida Crushed Stone Company Pursuant to Reversion Clause
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BRIEF OVERVIEW
On July 23, 1985, Florida Crushed Stone Company executed a Warranty Deed with Agreement for Reverter transferring title to approximately 1.13 acres of unimproved real property situated on Citrus Way to Hernando County for the construction of a fire station (see ORB 585 Page 59). The Warranty Deed included a reverter clause that the title to the parcel would automatically revert back to Florida Crushed Stone if the County did not construct a fire station on the parcel on or before December 31, 1989. Hernando County did not construct a fire station on this property, Parcel Key No. 1050962.
Notwithstanding the automatic nature of the reverter clause, the County is still shown as the owner of the parcel on Hernando County’s tax rolls. To correct the tax roll, the County must execute and deliver a Statutory Deed to Florida Crushed Stone Company conveying to it the County’s interests, if any, to the parcel.
Staff recommends that a Statutory Deed be recorded to correct the tax rolls.
The legal description for this parcel is as follows:
A parcel of land in the NW 1/4 of Section 1, Township 22 South, Range 18 East, Hernando County, Florida, being more particularly described as follows: Commence at the Northwest corner of said Section 1, run thence N89°37'52"E along the North line of said Section 1 a distance of 532.42 feet to a point on the Easterly right-of-way of State Road No. 491, said point being the POINT OF BEGINNING; continue thence along said North line N89°37'52"Ea distance of 225.00 feet; thence run S14°40'28"E a distance of 225.00 feet; thence run S89°37'52"W a distance of 225.00 feet returning to the Easterly right-of-way of State Road No. 491; thence run along said Easterly right-of-way N14°40'26"W a distance of 225.00 feet to the POINT OF BEGINNING.
Containing 1.13 acres or 49,055.21 square feet.
Property Appraiser’s Parcel ID No.: R01 422 18 0000 0020 0010
Property Appraiser's Key No.: 1050962
FINANCIAL IMPACT
If this resolution is approved, the recording fees for the Statutory Deed will be paid by Account No. 1661-02261-5304923.
LEGAL NOTE
The Board is authorized to act upon this matter pursuant to Section 125.35, Florida Statutes and Art. VII, Section 2-170, Hernando County Code of Ordinances concerning disposition of Real Property.
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RECOMMENDATION
It is recommended that the Board approve and authorize the Chairman’s signature on the attached resolution authorizing the transfer of the parcel back to Florida Crushed Stone Company. It is further recommended that the Board approve and authorize the Chairman’s signature on the attached statutory deed in order to correct the tax roll.