Backup Documents 09/24/2019 Item #11B PowerPointRecommendation to approve and execute the attached Real Estate
Sales Agreement for the sale of the Randall Curve 47 +/-acre
parcel, less and except the one (1) acre parcel to be retained by
the County, to Crown Management Services, LLC for $3,750,000
and accept the 10 +/-acre parcel at the Estates Shopping Center
Toni A. Mott
Manager Real Property
Division of Facilities Management, PUD
September 24, 2019
Agenda Item 11B
Collier County | Florida
Randall Curve Parcel
Real Estate Sales Agreement provides for the following:
◆Purchaser shall pay $3,750,000 for the County Property
◆County shall retain a one-acre useable tract of land at the County Property within the 47 +/-acre
parcel
◆Initial deposit (earnest money) of $187,500 due within three (3) days of effective date of
Agreement
◆Due diligence period of ninety (90) days
◆Second deposit (earnest money) of $187,500 due prior to end of ninety (90) day due diligence
period if Purchaser hasn’t elected to terminate the Agreement
◆Purchaser’s obligation of purchase County Property and exchange the Estates Shopping Property is
contingent upon Purchaser obtaining final approval of any rezone, and any amendment(s) to the
Collier County Growth Management Plan and/or Land Development Code, as are necessary to
obtain such rezone, to permit commercial and/or residential uses on the County Property
acceptable to the Purchaser in Purchaser’s sole and absolute discretion, final State and/or Federal
approvals as deemed necessary by Purchaser in Purchaser’s sole and absolute discretion and an
amendment to the Estates Shopping Center Sub-district and the Estates Shopping Center CPUD to
eliminate the grocery store requirement and to add the County’s proposed uses for essential public
service to include, but not be limited to, workforce housing, senior housing, VA nursing home and
an animal sanctuary
◆Purchaser shall use best efforts to obtain the land use entitlements within twenty-four (24) months
of the execution of this Agreement. Should the Purchaser fail to complete the entitlement process
within thirty (30) months, then this Agreement shall terminate, and the earnest money shall be
returned to the Purchaser
◆Purchaser shall pay for all costs associated with this transaction, including, but not limited to all the
associated costs of the land swap including zoning and use approvals, engineering, surveying,
transfer, documentary taxes, and recording costs for any curative instruments. Purchaser agrees
to pay the cost of publication of the legal notice soliciting bids for the County Property
Recommendations
◆Declare the 47-acre +/-parcel surplus;
◆Approve the attached Real Estate Sales Agreement and authorize the Chairman
to execute the Agreement on behalf of the Board;
◆Authorize the Chairman to execute the conveyance Statutory Deed once
prepared and approved by the County Attorney’s Office,less and except the
one (1)acre parcel to be retained by the County;
◆Accept the Warranty Deed for the 10 +/-acre parcel at Estates Shopping
Center;
◆Authorize staff to deposit the funds received from this sale into the
appropriate account;and
◆Direct the County Manager or his designee to follow appropriate closing
procedures for the conveyance of the 47 +/-acre parcel,less the one (1)acre
parcel to be retained,to Crown Management Services,LLC and acceptance of
the 10 +/-acre parcel at Estates Shopping Center from Crown Management
Services,LLC,and to record the deeds,once approved by County Attorney’s
Office ,in the Collier County Public Records.