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First Amendment to Water and Sewer Agreement With Cabot Citrus Opco, LLC, a/k/a Cabot Citrus Farms
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BRIEF OVERVIEW
Cabot Citrus Opco, LLC, the developer of Cabot Citrus Farms, is selling approximately 330 acres of property to the Florida Department of Environmental Protection (FDEP). Attached for consideration is an amendment to the Water and Sewer Agreement which removes this area from the boundaries of the agreement. The amendment will be null and void if closing between the developer and FDEP does not occur by December 1, 2025. All other terms of the agreement remain unchanged.
FINANCIAL IMPACT
No financial impact.
LEGAL NOTE
The Board has authority act on this matter pursuant to Chapter 125, Florida Statute.
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RECOMMENDATION
It is recommended that the Board approve and authorize the Chairman’s signature on the attached First Amendment to the Water and Sewer Agreement for Cabot Citrus Farms.