Title
Contract for Purchase and Sale of Real Property - Airport Industrial Park (B)
This item seeks City Commission approval of a Contract for Purchase and Sale of Real Property in the City’s Airport Industrial Park to facilitate a UF Health Sterile Processing Center.
Explanation
On November 1, 2021, staff received a contract from Shands Teaching Hospital and Clinics Inc. regarding the proposed acquisition of property in the City Airport Industrial Park.
The proposed acquisition of the subject property (Parcel ID # 08162-005-000 and the northeastern portion of tax parcel #08161-003-000) would be to facilitate the development of a UF Health Sterile Processing Center.
Proposed terms of the Contract are as follows:
Purchase price of $312,500 for the 8.3 acre more or less lot or $37,650 per acre
Buyer funds AIP lot line adjustment to accommodate disposition
Acceptable Title/Survey
City/Airport approval of proposed site plan and building permits
Seller agrees to indemnify Buyer for pre-existing environmental condition
90 day due diligence (feasibility study) period
Closing to occur 60 days following due diligence (feasibility study) period
The subject property will need to be processed through the City’s land regulatory process as a lot line adjustment and this will allow remaining property 6.3 acre more or less lot immediately to the west to be acquired by an existing food distribution business that has expressed interest concurrently.
In terms of background, the City of Gainesville over time has sold property fee simple in the Airport Industrial Park to assist in retaining, expanding and attracting industrial development. The proceeds of the sale by prior agreement go to the Gainesville Regional Airport.
The Airport Industrial Park represents an economic development partnership between the City and Airport. In this case the benefit would primarily derive from the provision of jobs which is reported as 140 full time staff and a net of 67 with t...
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