Title
Florida Food Service, Inc. - Proposed Resolution Extending Construction Commencement Period in applicable Airport Industrial Park Covenants/Restrictions (B)
This item is intended to grant an extension of time to Florida Food Service, Inc. under the existing Declaration of Protective Covenants and Restrictions for the Airport Industrial Park to commence and complete construction of buildings and associated improvements to facilitate the firm's expansion.
Explanation
On September 26, 2005, the City Commission approved an Option and Purchase and Sales agreement for the purchase of 3.51 acres of un-platted property in the Airport Industrial Park to Florida Food Service, Inc. to assist in facilitating their expansion plans. This is in addition to the firm's pending request to exercise a pre-existing Option on a parcel of equal size (Lot 12) located adjacent to the north of their property.
Subsequent to this approval, Florida Food Service, Inc. has asked that it be provided an extension to commencement of construction associated with various facets of its expansion plans. This request is made to the City Commission in the context of the existing protective covenants and restrictions that exist on Airport Industrial Park property.
The proposed Resolution extends time requirements contained in the Airport Industrial Park Declaration of Covenants/Restrictions; stipulates a schedule of construction improvements associated with Florida Food's expansion plans; states that Florida Food Service will not convey the subject properties until such time as improvements are completed; and requires that all normal permitting procedures be followed in bringing the project to fruition. The Resolution is effective upon closing on the subject properties.
Fiscal Note
Upon closing, proceeds from the sale of the subject properties (approximately $150,000) will be disbursed to the Gainesville Alachua County Regional Airport Authority (GACRAA) per prior agreeme...
Click here for full text