SUBJECT:
Title
Request Approval of Resolution Releasing Mineral Rights in Connection With the Sandy Clay, LLC Parcel (Budget Impact - None)
Body
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INITIATOR: |
DEPARTMENT: |
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Matthew G. Minter, County Attorney |
County Attorney |
DESCRIPTION/BACKGROUND:
Marion County (County) previously owned the real property (Property) described as recorded in OR Book 8298, page 28. The County conveyed the Property to Sandy Clay, LLC, a Florida limited liability company (Buyer) pursuant to a Deed recorded in OR Book 8592, page 1750. Pursuant to Section 270.11, Florida Statutes, County was deemed to have reserved certain interests in phosphate, minerals, metals, and petroleum (collectively, the Mineral Rights) in the Property upon the conveyance. Section 270.11(2)(b), Florida Statutes, authorizes a local government to release the Mineral Rights upon petition of the owner of the real property encumbered by such Mineral Rights with a statement of reasons justifying such release. Buyer has provided to County such a statement and the County finds good cause exists to justify the release of the Mineral Rights.
BUDGET/IMPACT:
None
RECOMMENDED ACTION:
Recommended action
Motion to approve the Resolution Releasing Mineral Rights in connection with the Sandy Clay, LLC Parcel and authorize the Chairman and the Clerk of Court to execute same.
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