Loading...
Backup Documents 05/28/2024 Item #11A ORIGINAL DOCUMENTS CHECKLIST & ROUTING SLIP 1 1 A TO ACCOMPANY ALL ORIGINAL DOCUMENTS SENT TO THE BOARD OF COUNTY COMMISSIONERS OFFICE FOR SIGNATURE Print on pink paper. Attach to original document. The completed routing slip and original documents are to he forwarded to the County Attorney Office at the time the item is placed on the agenda. All completed routing slips and original documents must he received in the County Attorney Office no later than Monday preceding the Board meeting. **NEW** ROUTING SLIP Complete routing lines#1 through#2 as appropriate for additional signatures,dates,and/or information needed. If the document is already complete with the exception of the Chairman's signature,draw a line through routing lines#1 through#2,complete the checklist,and forward to the County Attorney Office. Route to Addressee(s) (List in routing order) Office Initials Date 1. 2. 3. County Attorney Office County Attorney Office 90/!Alb Sit? 4. BCC Office Board of County Commissioners (��, s1 Z'8'5. Minutes and Records Clerk of Court's Office .0103 PRIMARY CONTACT INFORMATION Normally the primary contact is the person who created/prepared the Executive Summary. Primary contact information is needed in the event one of the addresses above,may need to contact staff for additional or missing information. Name of Primary Staff Paula Brethauer, Manageme nalyst County Phone Number 252-2041 Contact/ Department Manager's Office Agenda Date Item was May 28,2024 Agenda Item Number 11.A Approved by the BCC Type of Document Attached Agreement for Sale and Purchase Number of Original 1 Documents Attached PO number or account number if document is to be N/A recorded INSTRUCTIONS & CHECKLIST Initial the Yes column or mark "N/A" in the Not Applicable column, whichever is Yes N/A(Not appropriate. (Initial) Applicable) 1. Does the document require the chairman's original signature?Stamp OK N/A 2. Does the document need to be sent to another agency for additional signatures? If yes, N/A provide the Contact Information(Name;Agency;Address; Phone)on an attached sheet. 3. Original document has been signed/initialed for legal sufficiency. (All documents to be signed by the Chairman,except for most letters,must be reviewed and signed by the Office p j O of the County Attorney. 4. All handwritten strike-through and revisions have been initialed by the County Attorney's NA Office and all other parties except the BCC Chairman and the Clerk to the Board 5. The Chairman's signature line date has been entered as the date of BCC approval of the PJB document or the final negotiated contract date whichever is applicable. 6. "Sign here" tabs are placed on the appropriate pages indicating where the Chairman's PJB signature and initials are required. 7. In most cases(some contracts are an exception),the original document and this routing slip PJB should be provided to the County Attorney Office at the time the item is input into SIRE. Some documents are time sensitive and require forwarding to Tallahassee within a certain time frame or the BCC's actions are nullified. Be aware of your deadlines! 8. The document was approved by the BCC as stated above,and all changes made during PJB N/A is not the meeting have been incorporated in the attached document. The County Attorney's an option for Office has reviewed the changes,if applicable, this line. 9. Initials of attorney verifying that the attached document is the version approved by the BCC, N/A is not all changes directed by the BCC have been made, and the document is ready for the y lei an option for Chairman's signature. OiR lirig� I:Forms/County Forms/BCC Forms/Original Documents Routing Slip WWS Original 9.03.04,Revised 1.26.05,Revised 2.24.05;Revised 11/30/12 VIA TAX 10 NUMBERS:00057320005.00072520000.00113600106:00132680107.00132720009.00132640008.00114160001, 00113600009.00113560000,00131760002.00131720000.00132680000 AGREEMENT FOR SALE AND PURCHASE THIS AGREEMENT is made and entered into by and between James E. Williams, Jr. GST — Exempt Estate Tax Sheltered Trust u/a/d 8/13/1993, James E. Williams Jr. Non-Exempt Estate Tax Sheltered Trust u/a/d 08/13/93, Williams Farms of Immokalee, Inc. a Florida Corporation, and The Williams Farms Land Assets, LLC (hereinafter referred to as "Seller"), and COLLIER COUNTY, a political subdivision of the State of Florida. its successors and assigns, whose address is 3335 Tamiami Trail East, Suite 101. Naples, FL 34112 (hereinafter referred to as "Purchaser"). WITNESSETH WHEREAS, Seller is the owner of twelve parcels of real property (hereinafter referred to as "Property"), located in Collier County, State of Florida, and being more particularly described in Exhibit "A", attached hereto and made a part hereof by reference. WHEREAS, Purchaser is desirous of purchasing the Property, subject to the conditions and other agreements hereinafter set forth, and Seller is agreeable to such sale and to such conditions and agreements. NOW. THEREFORE, and for and in consideration of the premises and the respective undertakings of the parties hereinafter set forth and the sum of Ten Dollars ($10.00), the receipt and sufficiency of which is hereby acknowledged, it is agreed as follows: I AGREEMENT 1 .01 In consideration of the purchase price and upon the terms and conditions hereinafter set forth, Seller shall sell to Purchaser and Purchaser shall purchase from Seller the Property. described in Exhibit "A". II. PAYMENT OF PURCHASE PRICE 2.01 The purchase price (the Purchase Price") for the Property shall be TWENTY MILLION SEVEN HUNDRED SEVENTY THOUSAND DOLLARS ($20,770,000) (U.S. Currency), which is the average of two appraisals engaged by Purchaser, payable in full at the time of closing. III. CLOSING 3.01 The Closing (THE"CLOSING DATE", "DATE OF CLOSING", OR "CLOSING") of the transaction shall be held on the date that is fifteen (15) days following the expiration of the Inspection Period, but no sooner than August 30, 2024. The Closing shall be held at the Collier County Attorney's Office, Administration Building, 3299 Tamiami Trail East. Naples, Florida or by mail-away. The procedure to be followed by the parties in connection with the Closing shall be as follows: 11A TAX ID NUMBERS 00057320005,00072520000,00113600106,00132680107.00132720009;00132640008 00114160001 00113600009.00113560000:00131780002,00131720000,00132680000 3.011 Seller shall convey a marketable title free of any liens, encumbrances. exceptions, or qualifications, excepting the Permitted Exceptions as defined herein. Marketable title shall be determined according to applicable title standards adopted by the Florida Bar and in accordance with law. At the Closing, the Seller shall cause to be delivered to the Purchaser the items specified herein and the following documents and instruments duly executed and acknowledged, in recordable form, as applicable: 3.0111 Warranty Deed ("Deed") in favor of Purchaser conveying title to the Property, free and clear of all liens and encumbrances other than. (a)The lien for current taxes and assessments. (b) The Permitted Exceptions. (c) Such other easements, restrictions. or conditions of record. 3.0112 Combined Purchaser-Seller closing statement. 3.0113 A"Gap Tax Proration, Owner's Non-Foreign Affidavit", as required by Section 1445 of the Internal Revenue Code and as required by the title insurance underwriter to insure the "gap" and issue the policy contemplated by the title insurance commitment. 3.0114 A W-9 Form, "Request for Taxpayer Identification and Certification" as required by the Internal Revenue Service. 3.0115 An Assignment and Assumption of the Leases (as defined herein). 3.012 At the Closing, the Purchaser, or its assignee, shall cause to be delivered to the Seller the following: 3.0121 A negotiable instrument (County Warrant) in an amount equal to the Purchase Price. No funds shall be disbursed to Seller until the Title Company verifies that the state of the title to the Property has not changed adversely since the date of the last endorsement to the commitment, referenced in Section 4.011 thereto, and the Title Company is irrevocably committed to pay the Purchase Price to Seller and to issue the Owner's title policy to Purchaser in accordance with the commitment immediately after the recording of the deed. 3.0122 Assignment and Assumption of Leases, 1 1 A TAX ID NUMBERS.00057320005.00072520000.00113600106.00132680107;00132720009.00132640008.00114160001 00113600009.00113560000,00131760002.00131720000.001326130000 3.0123 Funds payable to the Seller representing the cash payment due at Closing in accordance with Article III hereof, shall be subject to adjustment for prorations as hereinafter set forth. 3.02 Each party shall be responsible for payment of its own attorney's fees. Seller. at its sole cost and expense, shall pay at Closing all documentary stamp taxes due relating to the recording of the Warranty Deed, in accordance with Chapter 201.01 , Florida Statutes, and the cost of recording any instruments necessary to clear Seller's title to the Property. The cost of the Owner's Form B Title Policy, issued pursuant to the Commitment provided for in Section 4.011 below, shall be paid by Purchaser. The cost of the title commitment shall also be paid by Purchaser. 3.03 Purchaser shall pay for the cost of recording the Warranty Deed. Real Property taxes shall be prorated based on the current year's tax with due allowance made for maximum allowable discount, homestead and any other applicable exemptions and paid by Seller. If Closing occurs at a date which the current year's millage is not fixed, taxes will be prorated based upon such prior year's millage. IV. REQUIREMENTS AND CONDITIONS 4.01 Upon execution of this Agreement by both parties or at such other time as specified within this Article, Purchaser and/or Seller, as the case may be, shall perform the following within the times stated, which shall be conditions precedent to the Closing; 4,011 Within fifteen (15) days after the date hereof, Purchaser shall obtain as evidence of title an ALTA Commitment for an Owner's Title Insurance Policy (ALTA Form B-1970) covering the Property, together with hard copies of all exceptions shown thereon, Purchaser shall have thirty (30) days, following receipt of the title insurance commitment, but in no event later than ninety (90) days following the effective date hereof ("Title Review Period"), to notify Seller in writing of any objection to title other than liens evidencing monetary obligations, if any, which obligations shall be paid at closing. If the title commitment contains exceptions that make the title unmarketable, Purchaser shall deliver to the Seller written notice of its intention to waive the same or to terminate this Agreement prior to expiration of the Title Review Period. If Purchaser fails to timely terminate this Agreement during the Title Review Period, Purchaser shall be deemed to have waived such right to terminate hereunder. 4.012 If Purchaser shall fail to advise the Seller in writing of any such objections in Seller's title in the manner herein required by this Agreement, the title shall be deemed acceptable. Upon notification of Purchaser's objection to title. Seller shall have thirty (30) days to remedy any defects to convey good and marketable title at Seller's expense, without obligation, except for liens or monetary 1 1 A TAX ID NUMBERS' 00057320005,00072520000,00113600106,00132680107 00132720009 00132640008.00114160001. 00113600009.00113560000'00131760002 00131720000:00132680000 obligations which will be satisfied at Closing. In the event Seller is unwilling or unable to cure said objections within said time period, Purchaser, by providing written notice to Seller within seven (7) days after expiration of said thirty (30) day period, may accept title as it then is, waiving any objection; or Purchaser may terminate the Agreement by providing Seller written notice thereof. A failure by Purchaser to give such written notice of termination within the time period provided herein shall be deemed an election by Purchaser to accept the exceptions to title as shown in the title commitment. All exceptions shown on the title commitment to which Purchaser fails to timely object or which Purchaser is deemed to accept hereunder are collectively referred to herein as the "Permitted Exceptions". 4.013 Seller agrees to furnish any existing reports, appraisals, environmental assessments of the property, environmental permits, soil tests, traffic studies, zoning documents, title searches, known liens and assessments, and surveys of the Property in Seller's possession to Purchaser promptly upon the acceptance date of this Agreement, but no later than three (3) days thereafter. Purchaser shall have the option, at its own expense, to obtain a current survey of the Property prepared by a surveyor licensed by the State of Florida. No adjustments to the Purchase Price shall be made based upon any change to the total acreage referenced in Exhibit "A". If the survey provided by Seller or obtained by Purchaser, as certified by a registered Florida surveyor, shows: (a) an encroachment onto the property; or (b) that an improvement located on the Property projects onto lands of others, or (c) lack of legal access to a public roadway, the Purchaser shall notify the Seller in writing of such encroachment, projection. or lack of legal access, and Seller shall have the option of curing said encroachment or projection, or obtaining legal access to the Property from a public roadway, within sixty (60) days of receipt of said written notice from Purchaser. Purchaser shall have ninety (90) days from the effective date of this Agreement to notify Seller of any such objections. Should Seller elect not to or be unable to remove the encroachment, projection, or provide legal access to the property within said sixty (60) day period, Purchaser, by providing written notice to Seller within seven (7)days after expiration of said sixty (60)day period, may accept the Property as it then is, waiving any objection to the encroachment, or projection, or lack of legal access, or Purchaser may terminate the Agreement. A failure by Purchaser to give such written notice of termination within the time period provided herein shall be deemed an election by Purchaser to accept the Property with the encroachment, or projection, or lack of legal access. V. INSPECTION PERIOD 5.01 Purchaser shall have six (6) months from the acceptance date of this Agreement by all parties, ("Inspection Period"), and reserves the right to extend said 1 1 A TAX ID NUMBERS 00057320005:00072520600,00113600106 00132680107 00132720009 00132640008 00114160001 00113600009 00113560000:00131760002.00131720000. 00132680000 inspection period upon mutual agreement by the Parties, to determine through appropriate investigation that: 1 Soil tests and engineering studies indicate that the Property can be developed without any abnormal demucking, soil stabilization or foundations. 2. There are no abnormal drainage or environmental requirements to the Property. 3. The Property is in compliance with all applicable State and Federal environ- mental laws. 4. The Property is free from any pollution or contamination. 5. The Property can be utilized for its intended purpose which includes any use whatsoever as determined in Purchaser's sole discretion, included by not limited to, development for the provision of several government services and use in the Conservation Collier program. 5.02 Should there be a delay outside the control of Purchaser in receiving the results of any investigation, as determined by Purchaser in its sole discretion, the Inspection Period shall be automatically extended by an additional ninety (90) days for Purchaser to complete its investigation and Seller shall be notified of same. If Purchaser is not satisfied. for any reason whatsoever, with the results of any investigation, Purchaser shall deliver to Seller prior to the expiration of the Inspection Period, written notice of its intention to waive the applicable contingencies or to terminate this Agreement. If Purchaser fails to notify the Seller in writing of its specific objections as provided herein within the Inspection Period, it shall be deemed that the Purchaser is satisfied with the results of its investigations and the contingencies of this Article V shall be deemed waived. In the event Purchaser elects to terminate this Agreement because of the inspection, Purchaser shall deliver to Seller copies of all engineering reports and environmental and soil testing results commissioned by Purchaser with respect to the Property, and the parties shall have no further rights or obligations hereunder, except as may expressly survive the termination hereof. 5.03 Purchaser and its agents, employees and servants shall, at their own risk and expense, have the right to go upon the Property for the purpose of surveying and conducting site analyses, soil borings and all other necessary investigation. Purchaser shall, in performing such tests, use due care. Seller shall be notified by Purchaser no less than forty-eight (48) hours prior to said inspection of the Property and at Seller's election, all such investigations shall be conducted in the presence of a Seller representative. Purchaser shall ensure no liens or damage occurs in connection with any such investigations and shall hold Seller harmless against any claims, liabilities and losses resulting therefrom, subject to the limitations set forth in Florida Statutes, Section 768.28. Nothing in this Agreement shall be construed as a waiver by the Purchaser of its sovereign immunity protections as provided by Florida Statutes, Section 768.28. Purchaser shall not interfere with Seller's, or any Tenant's operations. 11A TAX ID NUMBERS 00057320005.00072520000:00113800106,00132680107..00132720009.00132640008 00114160001 00113600009.00113560000:00131760002.00131720000:00132680000 VI. INSPECTION 6.01 Seller acknowledges that the Purchaser, or its authorized agents, shall have the right to inspect the Property at any time prior to the Closing with reasonable notice, at reasonable times and in coordination with Seller or Seller's Agent. VII. POSSESSION 7.01 Purchaser shall be entitled to full possession of the Property at Closing. VIII. PRORATIONS 8.01 Ad valorem taxes next due and payable, after closing on the Property, shall be prorated at Closing based upon the gross amount of current year taxes, and shall be paid by Seller. IX. TERMINATION AND REMEDIES 9.01 If Seller shall have failed to perform any of the covenants and/or agreements contained herein which are to be performed by Seller, within ten (10) days of written notification of such failure and a reasonable opportunity to cure, Purchaser may. at its option, terminate this Agreement by giving written notice of termination to Seller Purchaser shall have the right to seek and enforce all rights and remedies available at law or in equity, including the right to seek specific performance of this Agreement, excluding and expressly waiving any right to consequential, indirect and punitive damages. 9.02 If the Purchaser has not terminated this Agreement pursuant to any of the provisions authorizing such termination, and Purchaser fails to close the transaction contemplated hereby or otherwise fails to perform any of the terms, covenants and conditions contained herein which are to be performed by Purchaser, provided Seller is not in default, then as Seller's sole remedy, Seller shall have the right to terminate and cancel this Agreement by giving written notice thereof to Purchaser. whereupon Seventy Thousand Dollars ($70,000) shall be paid to Seller as liquidated damages which shall be Seller's sole and exclusive remedy, and neither party shall have any further liability or obligation to the other except as set forth in Article 5 and/or paragraph 12.01 (Real Estate Brokers), hereof. The parties acknowledge and agree that Seller's actual damages in the event of Purchaser's default are uncertain in amount and difficult to ascertain. and that said amount of liquidated damages was reasonably determined by mutual agreement between the parties. and said sum was not intended to be a penalty in nature. 9.03 The parties acknowledge that the remedies described herein and in the other provisions of this Agreement provide mutually satisfactory and sufficient remedies 1 1 A TAX ID NUMBERS 00057320005.00072520000:00113600106 00132680107 00132720009,00132640008.00114160001. 00113600009;00113560000;00131760002.00131720000.00132880000 to each of the parties and take into account the peculiar risks and expenses of each of the parties. X. SELLER'S AND PURCHASER'S REPRESENTATIONS AND WARRANTIES 10.01 Seller and Purchaser represent and warrant the following: 10.011 Seller and Purchaser have full right and authority to enter into and to execute this Agreement and to undertake all actions and to perform all tasks required of each hereunder. Seller is not presently the subject of a pending. threatened or contemplated bankruptcy proceeding. 10.012 Seller has full right, power, and authority to own and operate the Property, and to execute. deliver, and perform its obligations under this Agreement and the instruments executed in connection herewith, and to consummate the transaction contemplated hereby. All necessary authorizations and approvals have been obtained authorizing Seller and Purchaser to execute and consummate the transaction contemplated hereby. At Closing. certified copies of such approvals shall be delivered to Purchaser and/or Seller, if necessary. 10.013 The warranties set forth in this paragraph shall be true on the date of this Agreement and as of the date of Closing. Purchaser's acceptance of a deed to the said Property shall not be deemed to be full performance and discharge of every agreement and obligation on the part of the Seller to be performed pursuant to the provisions of this Agreement. 10.014 Seller represents that it has no knowledge of any actions, suits, claims. proceedings, litigation or investigations pending or threatened against Seller, at law, equity or in arbitration before or by any federal, state, municipal or other governmental instrumentality that relate to this agreement or any other property that could, if continued, adversely affect Seller's ability to sell the Property to Purchaser according to the terms of this Agreement. 10.015 No party or person other than Purchaser has any right or option to acquire the Property or any portion thereof. 10.016 Until the date fixed for Closing, so long as this Agreement remains in force and effect, Seller shall not encumber or convey any portion of the Property or any rights therein, nor enter into any agreements granting any person or entity any rights with respect to the Property or any part thereof, excepting therefrom normal and customary agreements in the normal course of business provided the same terminate or are terminable by Seller prior to Closing, without first obtaining the written consent of Purchaser to such conveyance, encumbrance, or agreement which consent may be withheld by Purchaser for any reason 1 1 A TAx ID NUMBERS 00057320005:00072520000.00113600106.00132680107 00132720009.00132640008.00114160001, 00113600009 00113560000.00131760002.00131720000. 00132680000 whatsoever. The restriction set forth herein shall not apply to the Leases or any renewal thereof, which Purchaser shall assume at Closing in accordance herewith. 10.017 Seller represents that there are no incinerators, septic tanks, or cesspools on the Property (with the exception of the Septic Tank located at 2109 Immokalee Dr.); all waste, if any, is discharged into a public sanitary sewer system or such referenced Septic Tank; Seller represents that they have (it has) no knowledge that any pollutants are or have been discharged from the Property, directly or indirectly into any body of water. Seller represents the Property has not been used for the production, handling, storage, transportation. manufacture, or disposal of hazardous or toxic substances or wastes, as such terms are defined in applicable laws and regulations, excepting hazardous substances used in the operations of the farming operations, which have been used in accordance with applicable regulations, or any other activity that would have toxic results, and there is no proceeding or inquiry by any authority with respect thereto. Seller represents that they have (it has) no knowledge that there is ground water contamination on the Property or potential of ground water contamination from neighboring properties. Seller represents none of the Property has been used as a sanitary landfill. 10.018 Seller has no knowledge that the Property and Seller's operations concerning the Property are in violation of any applicable Federal, State or local statute, law or regulation, or of any notice from any governmental body has been served upon Seller claiming any violation of any law, ordinance, code or regulation or requiring or calling attention to the need for any work, repairs, construction, alterations or installation on or in connection with the Property in order to comply with any laws, ordinances, codes or regulation with which Seller has not complied. 10.019 Seller has no knowledge of unrecorded restrictions, easements, or rights of way (other than existing zoning regulations) that restrict or affect the use of the Property, and any maintenance or other service agreements entered into by Seller relating to the Property shall be terminated as of Closing, excepting the Leases and/or any service or maintenance agreements relating thereto. 10.020 Seller has no knowledge that there are any suits, actions or arbitration, bond issuances or proposals therefor, proposals for public improvement assessments, pay-back agreements, paving agreements, road expansion or improvement agreements, utility moratoriums, use moratoriums, improvement moratoriums, administrative or other proceedings or governmental investigations or requirements. formal or informal, existing or pending or threatened which affects the Property or which adversely affects Seller's ability to perform hereunder; nor, to the best of Seller's knowledge, is there any other charge or expense upon or related to the Property which has not been disclosed 1 1 A TAX ID NUMBERS.00057320005.00072520000.00113600106 00132680107 00132720009,00132640008,00114160001 00113600009.00113560000.00131760002.00131720000:00132680000 to Purchaser in writing prior to the effective date of this Agreement or will be disclosed in connection with the title commitment. 10.021 Seller acknowledges and agrees that Purchaser is entering into this Agreement based upon Seller's representations stated above and on the understanding that Seller will not cause the zoning or physical condition of the Property to change from its existing state on the effective date of this Agreement up to and including the Date of Closing, except as expressly set forth herein, including the required removal of Seller's machinery and equipment. Therefore, Seller agrees not to do any act or omit to perform any act which would change the zoning or physical condition of the Property or the governmental ordinances or laws governing same except as set forth herein. Seller also agrees to notify Purchaser promptly of any change in the facts contained in the foregoing representations and of any notice or proposed change in the zoning, or any other action or notice, that may be proposed or promulgated by any third parties or any governmental authorities having jurisdiction of the development of the property which may restrict or change any other condition of the Property. 10.022 At the Closing, Seller shall deliver to Purchaser a statement (hereinafter called the "Closing Representative Statement") reasserting the foregoing representations as of the Date of Closing, which provisions shall survive the Closing for a period of six (6) months. 10.023 Seller represents, warrants and agrees to indemnify, reimburse, defend and hold Purchaser harmless from any and all costs (including attorney's fees) asserted against, imposed on or incurred by Purchaser, directly or indirectly, pursuant to or in connection with concerns raised in Seller's Phase 1 and Phase 2 environmental reports. If Purchaser discovers any additional environmental concerns pursuant to reports procured by Purchaser during the Inspection Period, Purchaser may provide the same to Seller and request that Seller provide the same indemnification therefor. Seller shall not be obligated to provide such additional indemnity, and if Seller rejects such request, Purchaser may terminate this Agreement during the Inspection Period. If Seller does not provide an affirmative written notice to Purchaser expressly agreeing to provide such additional indemnity, the request shall be deemed rejected. This provision and the rights of Purchaser, hereunder, shall survive six (6) months after Closing and are not deemed satisfied by conveyance of title. 10.024 Any loss and/or damage to the Property between the date of this Agreement and the date of Closing shall be Seller's sole risk and expense. 1 1 A TAX ID NUMBERS 00057320005 00072520000 00113600106;00132680107 00132720009,00132640008,00114160001, 00113600009,00113560000:00131760002,00131720000 00132680000 Xl. NOTICES 11.01 Any notice, request, demand, instruction, or other communication to be given to either party hereunder shall be in writing, sent by facsimile with automated confirmation of receipt, or by registered, or certified mail, return receipt requested, postage prepaid, addressed as follows: If to Purchaser: Jennifer A. Belpedio, Esq. Real Property Manager Collier County Facilities Management 3335 Tamiami Trail East, Suite 101 Naples, Florida 34112 Telephone Number: 239-252-8780 With a copy to: Attn: Sally A. Ashkar, Esq. Collier County Attorney's Office 3299 Tamiami Trail East, Suite 800 Naples. Florida 34112 Telephone Number: 239-252-8400 Fax Number: 239-252-6300 If to Seller: William H. Rollins 6810 International Center Blvd Fort Myers. FL 33912 Telephone Number: 239-489-4066 Fax Number: With a copy to: Craig D. Grider 4001 Tamiami Trail N, Suite 300 Naples, FL 34103 Telephone Number: 239-435-3535 Fax Number: 239-435-1218 11.02 The addressees and numbers for the purpose of this Article may be changed by either party by giving written notice of such change to the other party in the manner provided herein. For the purpose of changing such addresses or addressees only, unless and until such written notice is received, the last addressee and respective address stated herein shall be deemed to continue in effect for all purposes. XII. REAL ESTATE BROKERS 12.01 Any and all brokerage commissions or fees shall be the sole responsibility of the Seller. Seller and Purchaser shall indemnify and hold each other harmless from and against any claim or liability for commission or fees to any broker or any other ilk ' TAX ID NUMBERS'00057320005.00072520000,00113600106,00132680107,00132720009.00132640008 00114160001 00113600009:00113560000,00131760002.00131720000:00132680000 person or party claiming to have been engaged by such party as a real estate broker. salesman or representative, in connection with this Agreement, subject to the limitations set forth in Florida Statutes, Section 768.28. Nothing in this Agreement shall be construed as a waiver by the Purchaser of its sovereign immunity protections as provided by Florida Statutes, Section 768.28. Seller agrees to pay any and all commissions or fees at closing to Seller's real estate broker pursuant to the terms of a separate agreement, if any. Seller acknowledges and Purchaser represents and warrants that Purchaser is not represented by a real estate broker or salesperson and is not participating in a dual agent transaction. The appointed/designated agent in this transaction is only representing the Seller. XIII MISCELLANEOUS 13.01 This Agreement may be executed in any manner of counterparts which together shall constitute the agreement of the parties. 13.02 This Agreement and the terms and provisions hereof shall be effective as of the date this Agreement is executed by both parties and shall inure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, personal representatives, successors, successor trustee, and assignees whenever the context so requires or admits. 13.03 Any amendment to this Agreement shall not bind any of the parties hereof unless such amendment is in writing and executed and dated by Purchaser and Seller. Any amendment to this Agreement shall be binding upon Purchaser and Seller as soon as it has been executed by both parties. 13.04 Captions and section headings contained in this Agreement are for convenience and reference only: in no way do they define, describe, extend, or limit the scope or intent of this Agreement or any provisions hereof. 13.05 All terms and words used in this Agreement, regardless of the number and gender in which used, shall be deemed to include any other gender or number as the context or the use thereof may require. 13.06 No waiver of any provision of this Agreement shall be effective unless it is in writing signed by the party against whom it is asserted, and any waiver of any provision of this Agreement shall be applicable only to the specific instance to which it is related and shall not be deemed to be a continuing or future waiver as to such provision or a waiver as to any other provision. 13.07 If any date specified in this Agreement falls on a Saturday, Sunday, or legal holiday, then the date to which such reference is made shall be extended to the next succeeding business day 1 1 A TAX ID NUMBERS 00057320005.00072520000,00113600106:00132680107.00132720009 00132640008 00114160001 00113600009:00113560000.00131760002:00131720000 00132680000 13.08 Seller is aware of and understands that the "offer" to purchase represented by this Agreement is subject to acceptance and approval by the Board of County Commissioners of Collier County. Florida. 13.09 If the Seller holds the Property in the form of a partnership, limited partnership. corporation, trust, or any form of representative capacity whatsoever for others. Seller shall make a written public disclosure. according to Chapter 286, Florida Statutes, under oath, of the name and address of every person having a beneficial interest in the Property before Property held in such capacity is conveyed to Collier County. (If the corporation is registered with the Federal Securities Exchange Commission or registered pursuant to Chapter 517, Florida Statutes, whose stock is for sale to the general public, it is hereby exempt from the provisions of Chapter 286, Florida Statutes.) 13.10 This Agreement is governed and construed in accordance with the laws of the State of Florida. 13.11 Seller acknowledges and agrees that any portion of the property or land described herein may be used for public road right of way and roadway related improvements, including, but not limited to, stormwater and utility improvements. at the sole discretion of Collier County following the Closing. 13.12 If, after conducting due diligence, the parties mutually determine a portion of the Property is not to be conveyed to Purchaser, an amendment to the Purchase and Sale Agreement will be negotiated to revise the legal description of the property intended for sale. Adjustments to the Purchase Price shall be made based upon any change to the total acreage. as agreed upon by the parties in connection with the removal of such acreage. 13.13 Purchaser agrees, that as a condition of the sale, for a minimum of 20 years following the closing date, that should any preserve or conservation park be established on the purchased land, it shall bear the name "JAMES E. WILLIAMS JR. PRESERVE" or similar, which condition shall survive the Closing and delivery of the deed and shall not be merged therein. Moreover, this obligation shall be included in the Deed to ensure compliance and to place all parties on record-notice thereof. XIV. LEASES 14.01 Seller agrees to deliver true and correct full copies of all leases and rental agreements effecting the Property ("Leases") within fourteen (14) days from the acceptance date of this Agreement along with a current rent roll each certified as correct and complete by Seller. Seller may redact any tenant specific information contained in said leases. Purchaser further agrees and acknowledges that Seller shall have the right to renew any of the Leases which would otherwise expire in 1 1 A TAX ID NUMBERS 00057320005,00072520000.00113600106:00132680107,00132720009,00132640008.00114160001 00113600009.00113560000:00131760002..00131720000,00132680000 2024, and with substantially the same terms as the existing leases for a period of no more than one (1) additional year, and the Purchaser shall be bound by all such renewals. Seller shall include in any Lease renewals that all equipment and machinery purchased or owned by tenants shall be removed from the Property at the expiration of the lease term, including but not limited to any semi trailers, storage sheds/buildings. and fuel and other tanks. Seller shall provide any Lease renewals to Purchaser following execution thereof during the Inspection Period. During the Inspection Period, Seller shall coordinate with existing tenants to permit the Purchaser to access the Property in order to conduct testing, surveying, and site inspection and analysis, as may be needed. 14.02 If Purchaser is not satisfied, for any reason whatsoever, with the terms or status of the leases and rental agreements, Purchaser shall deliver to Seller, prior to the expiration of the Inspection Period, written notice of its intention to terminate this Agreement. 14.03 If Purchaser does not terminate the Agreement prior to the expiration of the Inspection Period, Purchaser shall be deemed to have accepted all of the Leases, and shall assume all the terms and conditions as set forth therein. At Closing, Seller shall assign all rights and obligations under the Leases to Purchaser, and Purchaser shall assume the same. The parties shall execute an Assignment and Assumption of Leases document, the form of which shall be agreed upon during the Inspection Period. 14.04 Purchaser agrees and acknowledges that the acquisition of the Property does not include any of the equipment and machinery, including semi trailers, storage sheds/buildings and fuel and other tanks, owned by Seller, whether used by Seller in connection with its operations, or used by the Tenants under the Leases. Purchaser further agrees and acknowledges that certain equipment and machinery. including semi trailers, storage sheds/buildings and fuel and other tanks, used by the Tenants under the Leases are currently owned by the Seller, and the Seller shall have the right to negotiate with such Tenants for the conveyance of such equipment and machinery to the Tenants who shall be responsible for removal of all such equipment and machinery upon expiration of the Leases if such conveyance occurs. Any equipment or machinery, including any semi trailers, storage sheds/buildings and fuel and other tanks, owned by Seller and not conveyed to Tenants shall be removed by Seller either prior to Closing, or subsequent thereto in connection with the expiration or termination of any of the Leases. Notwithstanding anything herein to the contrary. Seller shall not be obligated to remove any concrete pads or other site improvements in connection with removal of any of Seller's equipment. including without limitation, any concrete pads or other site improvements located under or around any semi trailers, storage sheds/buildings and/or fuel or other tanks. Seller shall be afforded a reasonable period of time and access to the Property following Closing to remove any such equipment and machinery in 1 1 A TAX ID NUMBERS 00057320005.00072520000,00113600106.00132680107.00132720009 00132640008.00114160001 00113600009 00113560000 00131760002 00131720000.00132680000 accordance with the terms hereof. The terms of this section shall survive Closing and delivery of the deed and shall not merged therein. 14,05 Seller and Purchaser agree the following items will be prorated as follows: (a) Rent, if any, (with transfer in full of any deposits) at date of closing; (b) Other income and operation expenses, if any, at date of closing: (c) Fees related to property at date of closing. XV. ENTIRE AGREEMENT 16.01 This Agreement and the exhibits attached hereto contain the entire agreement between the parties, and no promise, representation, warranty, or covenant not included in this Agreement, or any such referenced agreements has been or is being relied upon by either party. No modification or amendment of this Agreement shall be of any force or effect unless made in writing and executed and dated by both Purchaser and Seller. Time is of the essence of this Agreement. IN WITNESS WHEREOF, the parties hereto have signed below. Date of Final Acceptance by all parties: 5/a%p Y _Pe. 11 ,E AS TO PURCHASER: ATTEST: CRYSTAL K. KINZEL. Clerk of the BOARD OF COUNTY COMMISSIONERS Circuit-Court.and Comptroller COLLIER CO TY. FLORIDA 1 By: Ql; ' : airnian'SDeputy Clerk RIS HALL, Chairm signature only Approve. . form and legality Sail Nkar ,ssistant County Attorney Ct()\4‘1/ K 1 1 A TAX ID NUMBERS 00057320005:00072520000;00113600106;00132680107;00132720009;00132640008,00114160001. 00113600009;00113560000:00131760002:00131720000.00132680000 AS TO SELLER: James E. Williams, Jr. Non-Exempt Estate / Tax Sheltered Trust u/a/d 08/13/93 DATED: 5/c q/ l / By: 1.9-1-02K-e... `�.6i1 •�,r.c_. Print Name:,2JA f€ X. Lv/11.-i _V Title: 7 i c, e AS TO SELLER: Williams Farms of Immokalee, Inc. a Florida Corporation DATED: 3/�0 BY: •..(444 t2- Print N�j e: p ,g ve Title: I/vcjd�- AS TO SELLER: The Williams Farms Land Assets, LLC DATED: 5;/c o/a C By. , Print Name: came r. Title: 4*).r 444 AS TO SELLER: James E. Williams, Jr. GST Exempt Estate Tax Sheltered Trust u/a/d 8/13/1993 DATED: 6,a0/2V By: A1O.4.cs-¢.. # d. Print Name: (Di/3Ne R. a',II,,9- r,s7 Title: 7 tsfcc 1 1 A TAX ID NUMBERS:00057320005;00072520000:00113800106:00132660107;00132720009;00132640008;00114160001: 00113600009:00113560000:00131760002:00131720000;00132680000 EXHIBIT "A" Pa reel: 0013600106 THE NORTHERLY 1800 FEET OF THE NORTHERLY 1/2 OF THE EASTERLY 1/2 01 SECTION I, TOWNSHIP 47 SOUTH. RANGE 28 EAST OF COLLIER COUNTY. FLORIDA. Parcels: 00057320005 and 00072520000 and 00132680107 A PARCEL OF LAND LYING IN SECTION 31. TOWNSHIP 46 SOUTH. RANGE 29 EAST AND SECTION 36. TOWNSHIP 46 SOUTH, RANGE 29 EAST, COLLIER COUNTY. FLORIDA BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF SAID SECTION 31. TOWNSHIP 46 SOUTH. RANGE 29 EAST FOR A POINT OF REFERENCE; THENCE SOUTH 00°21'38" EAST. ALONG THE WEST LINE OF SAID SECTION 31,2699.05 FEET TO THE SOUTH RIGHT-OF-WAY LINE OF LAKE TRAFFORD ROAD (COUNTY ROAD 890 FORMER STATE ROAD 850) AND THE POINT OF BEGINNING OF THE PARCEL HEREIN DESCRIBED: THENCE 284.00 FEET EASTERLY ALONG THE ARC OF A NON-TANGENT CIRCULAR CURVE CONCAVE TO THE SOUTH HAVING A RADIUS OF 11,419.20 FEET, A CENTRAL ANGLE OF 01°25'30", AND BEING SUBTENDED BY A CHORD WHICH BEARS SOUTH 88°25'32" EAST 283.99 FEET TO THE END OF SAID CURVE; THENCE SOUTH 87°42'47" EAST. ALONG SAID SOUTH RIGHT-OF-WAY LINE OF LAKE TRAFFORD ROAD. 504.33 FEET TO THE NORTHWEST CORNER OF "ARROWHEAD RESERVE AT LAKE TRAFFORD - PHASE ONE" SUBDIVISION AS PER THE RECORD PLAT THEREOF RECORDED IN PLAT BOOK 42 PAGES 94 THROUGH I I OF THE PUBLIC RECORDS OF COLLIER COUNTY. FLORIDA; THENCE SOUTH 00°38'57" EAST. ALONG TI IF_. WESTERLY LINE OF SAID SUBDIVISION, 1428.21 FEET; THENCE SOUTH I6°24'47" WEST, ALONG THE WEST LINE OF SAID SUBDIVISION. 557.19 FEET: THENCE SOUTH 86°36'35" EAST, ALONG THE WESTERLY LINE OF SAID SUBDIVISION. 550.83 FEET; THENCE SOUTH 75°17'53" EAST. ALONG THE WEST LINE OF SAID SUBDIVISION. 681.46 FEET: THENCE SOUTH 01°I5'02" EAST. ALONG THE WESTERLY LINE OF SAID SUBDIVISION. 570.23 FEET;THENCE SOUTH 42°47'04" EAST. ALONG THE WESTERLY LINE OF SAID SUBDIVISION. 128.70 FEET TO THE INTERSECTION OF SAID WESTERLY LINE WITH THE SOUTH LINE OF SAID SECTION 31.TOWNSHIP 46 SOUTH. RANGE 29 EAST, THENCE SOUTH 89°09'18" WEST, ALONG THE SOUTH LINE OF SAID SECTION 31. 1937.47 FEET TO THE SOUTHWEST CORNER OF SAID SECTION 31: THENCE SOUTH 89°06'17" WEST, ALONG THE SOUTH LINE OF SAID SECTION 36. TOWNSI•HIP 46 SOUTH. RANGE 28 EAST. 2652.93 FEET TO A CONCRETE MONUMENT AT THE SOUTH QUARTER CORNER OF SAID SECTION 36: THENCE NORTH 00°26'43" WEST.ALONG THE WEST LINE OF THE SOUTHEAST 1/4 OF SAID SECTION 36, 1596.83 :6 1 1 A TAX ID NUMBERS:00057320005:00072520000:00113600106.00132680107,00132720009.00132640008.00114160001, 00113600009:00113560000:00131760002.00131720000 00132680000 FEET TO A CONCRETE MONUMENT:THENCE NORTH 88°59'49" EAST 2653.46 FEET TO A CONCRETE MONUMENT ON THE WEST LINE OF SAID SECTION 31, TOWNSHIP 46 SOUTH, RANGE 29 EAST; THENCE NORTH 00°I6'34" WEST, ALONG THE WEST LINE OF SAID SECTION 31, 1286.40 FEET TO THE POINT OF BEGINNING. CONTAINING 168.028 ACRES MORE OR LESS. ALSO, A PARCEL OF LAND LOCATED IN A PORTION OF SECTION 31. TOWNSHIP 46 SOUTH. RANGE 29 EAST AND SECTION 6. TOWNSHIP 47 SOUTH. RANGE 29 EAST, COLLIER COUNTY, FLORIDA. BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: ALL THAT PORTION OF THE SOUTH HALF OF SECTION 31, TOWNSHIP 46 SOUTH. RANGE 29 EAST, COLLIER COUNTY, FLORIDA LYING SOUTH OF LAKE TRAFFORD ROAD (COUNTY ROAD 890, F/K/A STATE ROAD 850),TOGETHER WITH THE NORTI 11,800.00 FEET OF SECTION 6, TOWNSHIP 47 SOUTH. RANGE 29 EAST, COLLIER COUNTY, FLORIDA, LESS AND EXCEPT THE LANDS PLATTED AS THE SUBDIVISION KNOWN AS "ARROWHEAD RESERVE AT LAKE TRAFFORD - PHASE ONE". AS RECORDED IN PLAT BOOK 42 AT PAGES 94 THROUGH 11 OF THE PUBLIC RECORDS OF COLLIER COUNTY, FLORIDA. THIS PROPERTY IS SUBJECT TO EASEMENTS. RESERVATIONS OR RESTRICTIONS OF RECORD. BEARINGS REFER TO THE SOUTHERLY RIGHT-OF-WAY LINE OF IMMOKALEE ROAD, AN 80.00 FOOT WIDE RIGHT-OF-WAY, AS BEING SOUTH 87°58'12- EAST. Parcels: 00131720(10(1 and 00131760002 THE SOUTHWEST ONE-QUARTER (I/4). THE SOUTH ONE-HALF (1/2) OF THE NORTHWEST ONE-QUARTER (1/4). AND THE NORTHEAST ONE-QUARTER (1/4) OF THE NORTHWEST ONE QUARTER(1/4), IN SECTION 5, TOWNSHIP 47 SOUTH, RANGE 29 EAST, COLLIER COUNTY. FLORIDA. Parcel: 0013268000 THE NORTHEAST QUARTER (NE 1/4) OF THE SOUTHEAST QUARTER (SE 1/4), OF SECTION 6.TOWNSHIP 47 SOUTH. RANGE 29 EAST, COLLIER COUNTY. FLORIDA. Parcels: 0(1132720009 and 00132640008 and 01111416(1(1(11 and 00113600009 and 00113560000 (CPO 1 1 A TAX ID NUMBERS;00057320005:00072520000:00113600106:00132680107:00132720009;00132640008:00114160001; 00113600009;00113580000:00131760002 00131720000.00132680000 ALL OF SECTION 6,TOWNSHIP 47 SOUTH. RANGE 29 EAST. EXCEPTING THEREFROM THE NORTH 1800 FEET AND THE NORTHEAST '/, OF THE SOUTHEAST I/4: AND: ALL OF SECTION 7,TOWNSHIP 47 SOUTH, RANGE 29 EAST; AND; THE EAST ONE-HALF (E 1/2) OF SECTION 1. TOWNSHIP 47 SOUTH, RANGE 28 EAST. EXCEPTING THEREFROM THE NORTH 1800 FEET THEREOF; AND: THE EAST ONE-HALF (E 1/2) OF SECTION 12. TOWNSHIP 47 SOUTH, RANGE 28 EAST: ALL LYING AND BEING IN COLLIER COUNTY. FLORIDA. CONTAINING 1.506.32 ACRES MORE OR LESS. ACCESS TO PUBLIC RIGHT-OF-WAY VIA THE FOLLOWING DESCRIBED ROAD EASEMENT: DESCRIPTION OF THE CENTERLINE OF A 60 FOOT ROAD EASEMENT LYING IN SECTION 31. TOWNSHIP 46 SOUTH. RANGE 29 EAST AND SECTIONS 5 AND 6. TOWNSHIP 47 SOUTH. RANGE 29 EAST. COLLIER COUNTY, FLORIDA: BEGINNING AT THE NORTHEAST CORNER OF SAID SECTION 6, RUN SOUTH 47°-00.- 20" WEST 75.60 FEET, THE EASEMENT BOUNDARY LINES BEGINNING AT THE EAST LINES OF SAID SECTIONS 31 AND 6: THENCE SOUTH 01°-04'-09 EAST 2047.70 FEET: THENCE SOUTH 0I°-49'-12" WEST 425.54 FEET:THENCE SOUTH I 1°-28'-27" EAST 49.75 FEET; THENCE SOUTH 50°-38'-39" EAST 96.48 FEET INTO SAID SECTION 5; THENCE SOUTH 00°-24'-43" EAST 1407.61 FEET, SAID CENTERLINE RUNNING 30 FEET EAST OF AND PARALLEL TO THE WEST LINE OF SAID SECTION 5: THENCE SOUTH 10°-1 I'- 02" EAST 494.06 FEET;THENCE SOUTH 00°-32'-12" EAST 199.50 FEET:THENCE SOUTH 12°-30'-36" WEST 154.96 FEET; THENCE SOUTH 04°- 45°-44" WEST 383.43 FEET; THENCE SOUTH 89°-14'-1l" WEST 48.09 FEET ALONG A LINE RUNNING 30 FEET NORTH OF AND PARALLEL WITH THE SOUTH LINE OF SAID SECTION 5 TO THE WEST LINE OF SAID SECTION 5 AND THE POINT OF TERMINATION. 18 �a` Williams Reserve Property Purchase Agreement May 28, 2023 Agenda Item 11.A (28967) 5-27-24 Today’s Objective Recommendation to approve the seller-executed Agreement for the Sale and Purchase of 2 ,247 +/- acres of property at Williams Reserve at Lake Trafford, located in Immokalee, at a purchase price of $20,770 ,000, the average of the two appraisals, incorporating all Board directed changes from the May 14, 2024, Board meeting and authorize the necessary Budget Amendments. 2 Considerations •The Agreement for the Sale and Purchase was first presented to the Board of County Commissioners (“Board”) on May 14, 2023, as Agenda Item No . 11 C. •After extensive discussion, the Board approved the terms of the agreement and directed that the following additional terms be incorporated: •Purchase price of $20,770,000, which is the average of the two appraisals. •If the County is unable to obtain the environmental and other investigation reporting within the 6-month inspection period through no fault of the County, it will receive an automatic 90-day extension. •The existing leases between the Seller and agricultural tenants are assignable to the County. 3 Considerations (Cont) •Naming rights to any conservation park established on the purchased land is to be named “JAMES E. WILLIAMS JR. PRESERVE” or similar for a minimum of 20 years, with this condition included in the deed to ensure compliance. •The Agreement for Sale and Purchase presented as part of this item is identical to the one submitted to the Board on May 14, 2024, except for the previously mentioned Board-directed modifications. •Sellers have signed the Agreement for Sale and Purchase with the above Board-directed modifications, and it is ready to route for the Chairman's signature to initiate the closing process. 4 Recommendation To approve the seller -executed Agreement for the Sale and Purchase of 2,247 +/- acres of property at Williams Reserve at Lake Trafford, located in Immokalee, at a purchase price of $20,770,000, the average of the two appraisals, incorporating all Board directed changes from the May 14, 2024, Board meeting and authorize the necessary Budget Amendments. 5 6 Williams Reserve Location 7 Williams Reserve Vicinity Timeline – Williams Reserve August 2023: ➢The Board of County Commissioners authorized staff to issue a non-binding letter of intent to the property owner at a purchase price of $20,225,000, or the average of two appraisals, whichever is lower. ➢Between August 2023 and today, staff has worked with the property owner and their attorney, as well as their broker and real estate agent to develop a contract to present to the Board for consideration. March 2024: ➢Conservation Collier staff reviewed the property and prepared their Initial Criteria Screening Report to present to the Conservation Collier Land Acquisition Advisory Committee (CCLAAC .) ➢Appraisals from Carlson Norris and RKL were received. April 2024: Conservation Collier submitted the Initial Criteria Screening Report to the CCLAAC. ➢On April 3, 2024, the CCLAAC unanimously recommended designating the Williams Reserve property as a Category A property on the Conservation Collier Active Acquisition List. 8 Letter of Intent On August 22, 2023 , the Board of County Commissioners (“Board”) authorized staff to issue a non-binding letter of intent to the sellers at a purchase price of $20,225 ,000 , or the average of two appraisals, whichever is lower. The Sellers signed the letter and returned it with counter terms: ➢Purchase price of $23,000 ,000 and a condition stating that they have the right to rescind the Agreement if the Board approves a purchase price lower than $23,000,000. 9 10 Williams Reserve – Wetlands Map Williams Farm PUD 336 SF Homes Fire Station ➢Ecological connectivity is significantly enhanced as this property links with adjacent private, county, and state conservation areas, including Stewardship Sending Area 13, Conservation Collier’s Pepper Ranch Preserve, and the lands managed by the South Florida Water Management District and Corkscrew Regional Ecosystem Watershed. ➢Property links wetland habitats to Lake Trafford. Restoration of the adjacent sloughs will bolster Immokalee’s natural flood defenses and contribute to aquifer recharge. 11 Williams Reserve – Conservation Collier Williams Farm PUD 336 SF Homes Fire Station ➢The portion of Williams Reserve identified for Conservation Collier features at least eight distinct habitat communities. This diverse ecological landscape supports numerous protected species, including air plants, the Florida Panther, Black Bear, Caracara, and various wading birds, as well as habitat for other wildlife such as turkey and deer. ➢The preserve offers a variety of recreational activities, including hiking, mountain biking, horseback riding, and camping. It also has potential for fishing and hunting, similar to those found at Pepper Ranch Preserve . 12 Williams Reserve – Housing, Parks, Public Safety & Transportation/Stormwater Williams Farm PUD 336 SF Homes Fire Station ➢Affordable Housing - Williams Farm RPUD is entitled for residential development of 336 residential units ➢Immokalee Fire District Fire Station location ➢Earmark for transportation and stormwater management requirements ➢Approximately 250 acres for Parks & Recreation and passive recreation ➢Approximately 250 acres for additional housing or other uses Williams Reserve Conceptual Uses ➢Conservation Collier ➢Parks & Recreation ➢Housing - Affordable & Workforce Housing ➢Transportation Infrastructure ➢Stormwater Management ➢Economic Development ➢Public Safety/Fire District ➢Other uses 13 Drone Photos Northwest Side 14 Drone Photos North Side 15 Drone Photos East Side 16 ➢Average of two Appraisals : One independent appraiser hired by the County has valued the property at $19,940 ,000 , while the other has valued it at $21 ,600,000 , resulting in an average valuation of $20,770,000. ➢The Sellers have signed the Agreement with a condition providing the right to rescind the Agreement if the Board approves a purchase price lower than $23,000,000. ➢As such, prior to approving the Agreement, the Board must determine the purchase price, which, if lower than $23,000,000, will be subject to approval by the Sellers. ➢A supermajority vote of the Board is required for a purchase price of more than $20,770,000. 17 Purchase Price & Appraisals Fiscal & Financing Approach 18 Note: Acquisition Funding may be subject to adjustment for closing on the property and ultimately adjusted to reflect and allocate the cost of acquisition to the property's ultimate uses. Environmental inspection and reporting will be additional. Use (Funding Source)Average Appr $Max $ Conservation Collier (Land Acquisition Fund 1061)11,980,000$ 13,390,100$ Parks (Parks Impact Fee Fund 3071)1,800,000$ 1,981,000$ Affordable Housing Entitled (Surtax Fund 3018)5,950,000$ 6,588,900$ Affordable Housing Not Entitled (Housing Fund 1075)1,100,000$ 1,100,000$ Total 20,830,000$ 23,060,000$ Initial Financing Approach (Including 60K Acquisition Costs) Environmental Considerations Current Uses: Agricultural, including cattle and farming uses and related fuel and equipment; machinery sheds and shops; residential uses. Storage Tanks: Water and fuel. ➢Soil and groundwater testing are recommended throughout the property. Testing will be required in areas proposed to be converted to residential and commercial uses, including housing and the fire station. ➢Additionally, listed species were found on the property, and it is within both Primary and Secondary Panther Habitats, so consultation with the U.S. Fish and Wildlife Service will be required. ➢There may be contamination from the agricultural uses, fuel tanks, and septic systems presently on the property. ➢The agreement provides a six-month due diligence period for conducting environmental evaluation and testing. The inspection period may be extended by mutual consent. 19 Environmental Reports ➢The Sellers possess a Phase I Environmental Report and are obtaining a limited Phase II Environmental Report. The Sellers have agreed to provide these reports within 10 days of approval of the Agreement . ➢Staff attempted to include an escrow for potential environment remediation in the agreement . The seller did not agree to this term. ➢If the inspection is incomplete or reveals significant contamination, staff may return to the Board during the Inspection Period with a mutually agreed upon time extension or a recommendation that the County exercise its termination rights. 20 Limited Indemnification Clause ➢The County pursued a comprehensive indemnification clause, which is standard in County purchase agreements. The Sellers have agreed to limited indemnification solely for concerns raised in their Phase 1 and 2 environmental reports. ➢The Sellers, in recognition of the County's right to protect its interests, have agreed that if the County discovers any additional environmental concerns identified in environmental reports procured by the County, the County may request an indemnification from the Seller for those environmental concerns. ➢If the request is rejected, the County may terminate this Agreement during the inspection period. This limited indemnification extends for six (6) months following closing. 21 ➢The County’s standard form purchase agreement contains a right for the County to seek specific performance of the agreement if the seller fails to perform. Given the size and nature of the transaction, the Seller requested a remedy for itself if the County does not close on the transaction. ➢The Parties have included a provision which states that if the County does not terminate the Agreement pursuant to any of the provisions authorizing such termination, and decides to terminate and cancel the contract, it may do so by providing written notice and paying $70,000 as liquidated damages. No additional sums are required to be paid. This added language has been the standard of practice for other large-scale Conservation Collier purchases. 22 Liquidated Damages Agricultural Leases ➢Several agricultural leases are in place on the Property. The yearly revenue is approximately $300,000. Copies of these leases have been provided to the County. They are all designated for agricultural purposes, primarily for producing fruits and vegetables. One lease pertains to hay fields. The leases for fruits and vegetables expire in June 2024, while the hay field lease expires on January 31, 2026. ➢The seller may renew existing leases for one year prior to closing. The County shall have the opportunity to review the renewal leases before execution and to object if they are not substantially similar to the existing leases. ➢At closing, the leases will be assigned to the County. 23 Naming Any conservation park established on the purchased land is requested to be named “JAMES E . WILLIAMS JR . PRESERVE” or similar for a minimum of 20 years, which condition shall be included in the deed to ensure compliance. 24 Recommendation To approve the Agreement for the Sale and Purchase of 2,247 +/- acres of property at Williams Reserve and authorize any necessary budget amendments, including necessary funding as well as any expedited procurement actions necessary to accomplish environmental inspections in a timely manner. ➢Before approving the contract, the Board must determine the appropriate purchase price. ➢A supermajority vote is required for the County to approve a purchase price of more than $20,770,000. 25 QUESTIONS & DISCUSSION 26 27 RLSA •Approximately 1100 acres are within the RLSA •Active Ag lands •Pasture Lands •Forested Wetland Areas •Creating of a Stewardship Sending Area (SSA) to generate credits: •Traditional SSA and Easements •Ag Stewardship Easement 28 RLSA: Traditional SSA •Natural Resource Index (NRI) Assessment based on Environmental Value of Land: •Land Use Layers have to be removed to generate credits •Ag 1 and Ag 2 Uses: ~1020 credits could be generated •Ag 1 and Conservation Uses: ~1080 credits could be generated •Restoration Designation : ~1100 additional credits could be generated •Restoration Completion: ~2200 – 8800 additional credits upon completion •Easements placed on the land to: •Department of Environmental Protection, Department of Agriculture and Consumer Services, SFWMD or recognized Land Trust •Designation •Soils / Surface Water •Proximity •Vegetation (FLUCFCS) Map •Listed Species Habitat •Restoration Potential 29 RLSA: Ag Stewardship Easement •Approved with GMP Amendments in July 2021 •Formula: Acres of Land x 2 = ~2200 credits •Easements placed on the land to: •Department of Agriculture and Consumer Services •Only Ag uses are allowed to be retained. End 30 Appraisals 31 Appraisal 1 - RKL Property Value Acres Price Per Acre Housing RPUD Entitled 4,970,000$ 168.2 29,548$ Agricultural Land 14,970,000$ 2078.8 7,201$ Total 19,940,000$ 2247 8,874$ Appraisal 2 - Carlson Norris Property Value Acres Price Per Acre Housing RPUD Entitled 6,900,000$ 168.2 41,023$ Agricultural Land 14,700,000$ 2078.8 7,071$ Total 21,600,000$ 2247 9,613$ Appraisal Average Property Value Acres Price Per Acre Housing RPUD Entitled 5,935,000$ 168.2 35,285$ Agricultural Land 14,835,000$ 2078.8 7,136$ Total 20,770,000$ 2247 9,243$ Conceptual Final Use Breakdown 32 Use (Funding Source)Acres Conservation Collier 1410 Parks 250 Affordable Housing Entitled 168.2 Affordable Housing Not Entitled 243.8 Roads 150 Fire Station 5 Stormwater 20 Total 2247 Conceptual Final Utilization 33 IMPROVEMENTS 34 Conservation Collier Land Acquisition Advisory Committee (CCLAAC) Score Criteria 35 35 Williams Reserve Photos 1 36 36 Williams Reserve Photos 2 37 Tanks GAS TANK WATER TANK 38 Aerial with FPL Transmission Lines 39 Williams Property 40 Williams Property –Wetlands Map Williams Farm PUD 336 SF Homes Fire Station 41 Williams Property Williams Farm PUD 336 SF Homes Fire Station 42 Williams Property Williams Farm PUD 336 SF Homes Fire Station 43 Williams Property Williams Farm PUD 336 SF Homes Fire Station Environmental Inspection Period The longest inspection period the Sellers would agree to is six months; however, staff requested and would prefer additional time to complete the inspections and necessary testing. This inspection period may only be extended by mutual agreement of the parties. Staff recommends a longer inspection and due diligence period to complet e inspections. 44 ➢The portion of Williams Reserve identified for Conservation Collier features at least eight distinct habitat communities. This diverse ecological landscape supports numerous protected species, including air plants, the Florida Panther, Black Bear, Caracara, and various wading birds, as well as habitat for other wildlife such as turkey and deer. ➢It safeguards wetland habitats linked to Lake Trafford. Restoration of the adjacent sloughs will bolster natural flood defenses for Immokalee and contribute to aquifer recharge. ➢Ecological connectivity is significantly enhanced as this property links with adjacent private, county, and state conservation areas, including Stewardship Sending Area 13, Conservation Collier’s Pepper Ranch Preserve, and the lands managed by the South Florida Water Management District and Corkscrew Regional Ecosystem Watershed. ➢The preserve offers a variety of recreational activities, including hiking, mountain biking, horseback riding, and camping. It also has potential for fishing and hunting, similar to those found at Pepper Ranch Preserve. ➢Due to its proximity to Lake Trafford, the area presents opportunities for preserving historic archaeological sites.45 Conservation Benefits