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Contract for Purchase and Sale of Property With Gazelle Home Offers, LLC, for Property Located on Josephine Street to be Used to Mitigate Flooding Issues (Key # 13087)
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BRIEF OVERVIEW
Parcel Key No. 13087 is a 91,337 square foot parcel (or 2.09 acres), located on Josephine Street. In purchasing this property on Josephine Street, Hernando County may utilize this property to help mitigate flooding in the South Brooksville area.
Because the parcel is under contract by the owner, Charles P. Mobley, to Gazelle Home Offers, LLC, Hernando County must enter into an assignment of that contract with Gazelle Home Offers. Mr. Mobley has consented to the sale by Gazelle Home Offers to Hernando County.
The parcel is described as follows:
Tract No. 5, in Horton Addition, according to the plat thereof as recorded in Plat Book 3, Page 33, in the Public Records of Hernando County, Florida
Parcel Identification Number: R26 122 19 0460 0050 0000 Key Number: 13087
Staff recommends that the purchase of the Josephine Street parcel be approved.
FINANCIAL IMPACT
Funding for the property acquisition and associated closing costs are available in Account No. 7552-09552-5606101-106220 Stormwater Management MSTU, Land Acquisition.
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 that the Board approve and authorize the Chairman’s signature on the attached Assignment of Standard Purchase and Sale Agreement for the purchase of property located on Josephine Street in the amount of $35,000.00. It is further recommended that the County Attorney’s Office be designated to sign all documents necessary to finalize the purchase.