SUBJECT:
Title
Request Approval of Assignment and Assumption of Water and Wastewater Agreement Between Ocala Meadows Farms LTD and Adena GC Holdings, LLC and Subsequent Agreement Between Adena GC Holdings, LLC and Iron Lake Property, LLC (Budget Impact - None)
Body
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INITIATOR: |
DEPARTMENT: |
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Tony Cunningham, P.E., Director |
Utilities |
DESCRIPTION/BACKGROUND:
Marion County has an existing Standard Utility Service and Conveyance Agreement with Ocala Meadows Farms LTD. Attached for review and consent is an Assignment and Assumption of Water and Wastewater Agreement to transfer all remaining rights and interests to Adena GC Holdings, LLC, which agreed to accept the assignment and to assume all obligations related to the real property that is the subject of the Utility Agreement from and after the effective date.
Adena GC Holdings, LLC, is in the process of selling the property and is subsequently requesting approval to assign all of its rights, title and interest to Iron Lake Property, LLC, which has agreed to accept the assignment and to assume all obligations related to the property.
Marion County Utilities consents to these assignments and consent from Marion County Board of County Commissioners is required for the assignment and assumption to become effective.
BUDGET/IMPACT:
None
RECOMMENDED ACTION:
Recommended action
Motion to approve and authorize the Chairman and Clerk to execute the Assignment and Assumption of Water and Wastewater Agreements.
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