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Authorization to County Attorney to Documents With FLG X FL, LLC, Successor-In-Interest to Tampa Bay Extreme Adventure Course, LLP, for Purchase of Property Located at 6440 Cedar Lane (Key #1752400) and Associated Budget Resolution
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BRIEF OVERVIEW
FLG X FL LLC, successor-in-interest to Tampa Bay Extreme Adventure Course, LLP, has exercised its right to purchase property from a Ground Lease Agreement with Option to Purchase executed between Hernando County approved by the Board on May 12, 2020.
The following agenda items have been brought before the Board and approved:
* January 24, 2017, Agenda Item 12772 - Landlord's Lien Waiver with CSC Holding Group, LLC, d/b/a TreeUmph! and Sun Trust Bank for Property Located at 6440 Cedar Lane - Default of $650,000.00 by TreeUmph! for zipline park assets.
* November 27, 2018, Agenda Item 15092 - Authorization to Bid and/or Purchase at Public Sale of Personal and Intangible Property Owned by CSC Holding Group LLC, and ADVX, LLC, d/b/a TreeUmph! Adventure Course Located at 6440 Cedar Lane.
* December 11, 2018, Agenda Item 15126 - Approval of Purchase at Public Sale of Personal and Intangible Property Owned by CSC Holding Group, LLC and ADVX, LLC, d/b/a TreeUmph! Adventure Course Located at 6440 Cedar Lane and Associated Budget Amendment (Total Cost: $166,420.00).
* February 12, 2019, Agenda Item 15245 - License Agreement with Tampa Bay Extreme Adventure Course, LLC for Property Located at 6440 Cedar Lane - No payment amount provided in agenda item for winning bid of assets located at the property by Tampa Bay Extreme Adventure Course LLP (TBEAC) only that TBEAC would be given the option to purchase the 36-acre parcel and the improvements.
* May 12, 2020, Agenda Item 16912 - Ground Lease with Option to Purchase Agreement with Tampa Bay Extreme Adventure Course, LLP, for Property Located at 6440 Cedar Lane - Annual Lease Rates:
o Year 1 - $12,000
o Years 2-5 - Totaling $132,000 ($24,000; $24,000; $36,...
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