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Agenda 04/27/2010 Item #16E 8 Agenda Item No. 16E8 April 27, 2010 Page 1 of 5 EXECUTIVE SUMMARY Recommendation to approve a Second Amendment to Agreement for Sale and Purchase (Amendment) with Richard F. Berman for 1.14 acres under the Conservation Collier land Acquisition Program at no additional cost to the County. OBJECTIVE: To amend an Agreement for Sale and Purchase with Richard F. Berman (Seller) to extend the time for Closing of the transaction for an additional period up to and including June 30, 2010, and to reduce the purchase price. CONSIDERATIONS: On January 13, 2009, Agenda Item 16E6, the Board of County Commissioners (County) approved an Agreement for Sale and Purchase (Agreement) with Richard F. Berman to purchase 1.14 acres for $18,060 for Conservation Collier. A Quiet Title Suit was initiated by the Seller in order to ensure clear title prior to closing. On September 15, 2009, Agenda Item 16E6, the County approved an Amendment to Agreement (Amendment) to extend the time for Closing an additional period of ninety (90) days, up to and including December 9, 2009. As of December 9, 2009, the Quiet Title Suit was not completed. However, the Seller asked that the County not terminate the Agreement until the Quiet Title Suit was completed. The Quiet Title Suit was completed on March 16, 2010 and staff recommends closing on the property. In September, 2009, Staff contracted with two independent, state-certified, general real estate appraisal firms to appraise all parcels within the Red Maple Swamp Preserve Multi-parcel Project. The appraisers based their analyses on comparable sales from wetland, not upland parcels, preferably within the Red Maple Swamp Preserve Multi-parcel Project boundaries. The appraisals provided an averaged appraised value for parcels less than 2.5 acres within the Red Maple Swamp Preserve Multi-parcel Project at $7,500 an acre. Seller was made aware of the reduced appraised value for his parcel. Seller has agreed to accept the reduced purchase price of $8,550 (previously $18,060) for his 1.14 acre parcel within the Red Maple Swamp Preserve Multi-parcel Project. The net savings to the County is over $9,500. The Seller has also requested an additional extension to proceed with Closing, which will occur no later than June 30, 2010. The remainder of the Agreement remains in full force and affect. FISCAL IMPACT: There is no additional fiscal impact as a result of this Amendment; actually, there is a reduction of over $9,500. GROWTH MANAGEMENT IMPACT: There is no impact to the Growth Management Plan. LEGAL CONSIDERATIONS: This item is legally sufficient for Board action. - JBW RECOMMENDATION: That the Board of County Commissioners approves the Amendment and authorizes the Chairman to execute same. PREPARED BY: Cindy Erb, SR/WA, Senior Property Acquisition Specialist, Real Property Management, Department of Facilities Management Agenda Item No. 16E8 April 27, 2010 Page 2 of 5 COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS Item Number: Item Summary: 16E8 Recommendation to approve a Second Amendment to Agreement for Sale and Purchase (Amendment) with Richard F, Berman for 1.14 acres under the Conservation Collier Land Acquisition Program at no additional cost to the County. 4/27/20109:00:00 AM Meeting Date: Prepared By Cindy M. Erb Property Acquisition Specialist, Senior Date Administrative Services Division Facilities Management 4/13/20103:34:33 PM Approved By Alexandra J. Suleckl Environmental Specialist, Senior Date Administrative Services Division Facilities Management 4/13/20104:04 PM Approved By Jennifer White Assistant County Attorney Date County Attorney County Attorney 4/13/20104:16 PM Approved By Skip Camp, C.F.M. Director - Facilities Management Date Administrative Services Division Facilities Management 4/13/2010 4:22 PM Approved By Melissa Hennig Environmental Specialist, Principal Date Administrative Services Division Facilities Management 4113120105:01 PM Approved By Toni A. Mott Manager - Property Acquisition & Const M Date Administrative Services Division Facilities Management 4114120107:52 AM Approved By Len Golden Price Administrator - Administrative Services Date Administrative Services Division Administrative Services Division 4114120101 :59 PM Approved By Jeff Klatzkow County Attorney Date 4116120104:29 PM Approved By Therese Stanley Office of Management & Budget Agenda Item No. 16E8 April 27, 2010 Page 3 of 5 Manager - Operations Support - Trans Date Office of Management & Budget 4/19/20102:01 PM Approved By Leo E. OChs, Jr. County Managers Office County Manager Date County Managers Office 4/20/201011:58 AM Agenda Item No. 16E8 April 27, 2010 Page 4 of 5 SECOND AMENDMENT TO AGREEMENT THIS SECOND AMENDMENT TO AGREEMENT is entered into this day of ,2010, by and between RICHARD F. BERMAN, whose address is 611 1st Street SW, Naples, Fl 34117, (hereinafter referred to as "Seller"), and COLLIER COUNTY, a political subdivision of the State of Florida, its successors and assigns, whose address is 3301 Tamiami Trail East, Naples, Fl 34112, (hereinafter referred to as "Purchaser"). WITNESSETH WHEREAS, the Purchaser and Seller have previously entered into an Agreement for Sale and Purchase ("Agreement") dated January 13, 2009 for a certain parcel of land ("Property"); and " WHEREAS, the Seller has initiated a quiet title suit in the Collier County civil court system to order to ensure clear title; WHEREAS, in light of the quiet title suit, the Agreement allowed the closing for the transaction to occur within two hundred and forty (240) days, up to and including September 9, 2009; WHEREAS, Purchaser and the Seller have entered into an Amendment to Agreement extending the closing of the transaction for an additional period of ninety (90) days, up to and including December 9, 2009 to allow for completion of the quiet title suit; WHEREAS, the Seller has requested to wait until the quiet title suit was completed; WHEREAS, the quiet title suit was completed on March 16,2010; WHEREAS, the Purchaser received new appraisals, and the new purchase price is substantially lower at $8,550; WHEREAS, the Purchaser and the Seller are desirous of again amending Agreement, to extend the time for Closing of the transaction for an additional period, with closing to occur no later than June 30, 2010; and WHEREAS, the Purchaser and the Seller are desirous to reduce the purchase price from $18,060 to $8,550. NOW THEREFORE, in consideration of the mutual covenants and obligations provided within the said Agreement dated January 13, 2009 and other valuable consideration, the said Agreement is hereby amended to set forth a purchase price of $8,550 and to extend the time for Closing of the transaction to and including June 30, 2010. Except as expressly amended herein the said Agreement between the Purchaser and Seller remains in full force and effect according to the terms and conditions contained therein, and said terms and conditions are applicable hereto except as expressly provided otherwise herein. Agenda Item No. 16E8 April 27, 2010 Page 5 of 5 IN WITNESS WHEREOF, the Purchaser and Seller have hereto executed this Amendment the day and year first above written. AS TO SELLER: 6- C' 7l/ JJ W~~I ~-'I"cL~.. ~ Witness (Print Name) AS TO PURCHASER: COLLIER COUNTY ATTEST: DWIGHT E. BROCK, Clerk BOARD OF COUNTY COMMISSIONERS COLLIER COUNTY, FLORIDA , Deputy Clerk BY: FRED W. COYLE, Chairman APPROVED FOR FORM AND LEGAL SUFFICIENCY: ~B~J~ Jennifer B. hlte, AssIstant County Attomey 2