Item 5C- Resolution 18-23(2)CITY OF ATLANTIC BEACH
CITY COMMISSION MEETING
STAFF REPORT
AGENDA ITEM: Selva Preserve Purchase and Sale Agreement
SUBMITTED BY: Joe Gerrity, City Manager
DATE: June 6, 2018
BACKGROUND: The City Commission passed a Letter of Intent on April 23, 2018 to enter
into a Purchase/Sale agreement with the owners of Selva Preserve LLC to
purchase a portion of their land known as Selva Preserve.
Staff has negotiated an agreement for your approval at the June 11, 2018
City Commission meeting.
The major points of the agreement include:
1. Purchase price of $1,350,000.
2. Included in the price is a 40’ easement granted to the City on the
remaining parcel retained by Selva Preserve LLC for the City to use for
passive recreation.
The City has an RFP prepared and released by the City’s Financial Advisor,
Dunlap & Associates, Inc. for a loan not too exceed $1,500,000 to finance
the purchase. It is my intent to include financing and closing costs in the
final amount of the loan.
ATTACHMENTS: 1) Resolution No. 18‐23
2) Agreement for Sale and Purchase of Property
00995863-1
RESOLUTION NO. 18-23
A RESOLUTION OF THE CITY OF ATLANTIC BEACH APPROVING THE
AGREEMENT FOR SALE AND PURCHASE OF PROPERTY WITH SELVA
PRESERVE, LLC FOR THE PURCHASE OF CERTAIN LANDS AND
GREENWAY EASEMENT LYING WITHIN THE SELVA PRESERVE
SUBDIVISION FOR $1.35 MILLION DOLLARS, SUBJECT TO FINANCING TO
BE OBTAINED AND APPROVED BY THE CITY COMMISSION AND
SATISFACTORY TO THE CITY IN ITS SOLE DISCRETION AND PURSUANT
TO THE TERMS AND CONDITIONS SET FORTH IN SAID AGREEMENT;
AUTHORIZING THE MAYOR TO EXECUTE SAID AGREEMENT, THE
GREENWAY EASEMENT ATTACHED THERETO, AND SUCH OTHER
CLOSING DOCUMENTS AS MAY BE NECESSARY TO EFFECTUATE THE
TRANSACTION AS CONTEMPLATED BY SAID AGREEMENT;
AUTHORIZING THE CITY MANAGER TO EXECUTE SUCH CONTRACTS
AND PURCHASE ORDERS IN ACCORDANCE WITH AND AS NECESSARY
TO EFFECTUATE THE PROVISIONS OF THE AGREEMENT; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City approved that certain Plat for the subdivision of Selva Preserve, as now
recorded at Plat Book 71, pages 63-65 in the public records of Duval County, Florida; and
WHEREAS, Selva Preserve, LLC, the owners of the Selva Preserve subdivision, have offered to
sell a portion of the land and a greenway easement located within the said Selva Preserve subdivision to
the City for $1.35 Million Dollars, subject to the City obtaining financing satisfactory to the City in its
sole discretion, and pursuant to the terms and conditions set forth in the Agreement for Sale and
Purchase of Property, attached hereto as Exhibit A and made a part hereof (the “Agreement”); and
WHEREAS, the City desires to purchase the land and greenway easement for conservation and
passive recreation purposes, subject to obtaining financing satisfactory to the City in its sole discretion
and pursuant to the terms and conditions contained in the Agreement.
NOW THEREFORE, be it resolved by the City Commission of the City of Atlantic Beach as
follows:
SECTION 1. The City Commission hereby approves the Agreement with Selva Preserve, LLC
for the purchase of land and a greenway easement to be used for conservation and passive recreation
purposes for $1.35 Million Dollars, subject to financing to be obtained and approved by the City
Commission and satisfactory to the City in its sole discretion, and pursuant to the terms and conditions
set forth in the Agreement.
SECTION 2. The Mayor is hereby authorized to execute the Agreement, Greenway Easement
Agreement attached thereto, and such other closing documents as may be necessary to effectuate the
transaction as contemplated by the Agreement.
SECTION 3. The City Manager is hereby authorized to execute such contracts and purchase
order(s) in accordance with and as necessary to effectuate the provisions of said Agreement.
00995863-1
SECTION 4. This Resolution shall take effect immediately upon its passage and adoption.
PASSED AND ADOPTED by the City of Atlantic Beach, this ___ day of June, 2018.
_____________________________
Ellen Glasser, Mayor
Attest:
____________________________
Donna L. Bartle, City Clerk
Approved as to form and correctness:
_____________________________
Brenna M. Durden, City Attorney